Credit Life Protection
Don't leave your debt behind.
When you take out a loan, you take on an obligation. Credit Life Protection ensures that if you die or become permanently disabled, your outstanding loan balance is cleared — so your family inherits your assets, not your liabilities.
- Cover type
- Loan balance clearance on death / disability
- Death notification
- Within 6 months of death
- Disability notification
- Within 3 months of disabling event
- Loan types covered
- Personal, vehicle, home loans
- Premium frequency
- Monthly (often embedded in loan instalment)
- Group option
- Available via lender arrangements
Quick Facts
Key Benefits
- Clears outstanding loan balance on death
- Clears balance on permanent disability
- Protects family from inheriting debt
- Available on personal loans, vehicle finance, and home loans
- Simple integration with your existing loan instalment
- Fast claim process — notify within required periods
How It Works
Apply with your loan
Credit Life is arranged at the point of taking out a loan.
Premium collected
Premium is embedded in or alongside your monthly instalment.
Notify on a claim event
Death: within 6 months. Disability: within 3 months.
Loan balance cleared
Approved claims result in the outstanding balance being settled directly.
To submit a claim, download the relevant form, email claims@namforce.com.na, or visit Millennium House. Funeral and death benefits are paid within 48 hours of a complete file.
Submit a Claim →Common Questions
What does Credit Life protect?
It clears your outstanding loan balance if you die or become permanently disabled, so your family is not left with your debt.
Does it cover all types of loans?
It covers most personal loans, vehicle finance, and home loans. Specific loan types are listed in your policy schedule.
What is the claim notification period for death?
You must notify within 6 months of the date of death. For disability, notify within 3 months of the disabling event.
Does Credit Life pay out cash to my family?
No — the benefit is paid directly to the lender to clear the outstanding balance. Any remaining estate assets pass to your beneficiaries as normal.