Cannon Assurance (Kenya) Limited

 

Policy Loan

All unit linked policies can acquire policy loans on condition that a minimum of 3 years premiums have been paid i.e. 36 monthly premiums.

(a) A Policy holder may borrow up to 75% of the Surrender Value.

(b) The minimum loan, which may be granted, is KShs. 3,000/=.

(c) Competitive interest rates are offered.

(d) The only other requirements are the original Policy document and KShs. 25/= for revenue stamp.

(e) With regard to the loan repayment, there are 4 methods one can repay the loan:

  • Bankers order
  • Salary deduction order
  • Postdated cheques or
  • Cash (for cash payment at our offices, one is required to pay 6 months interest in advance depending on the duration of the loan).


For further information contact
info@cannonassurance.com

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