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Credit Insurance?Credit Insurance is taken by a borrower which pays back money he owes in case he unexpectedly becomes unemployed or sick. This cover then takes care of the credit he has borrowed from a bank or a financial institution and pays them on behalf of the policy holder. The insurance cover thus protects the payment of loan by a borrower in the event of himself being unable to do so due to unforeseen circumstances. Loans- Frequently Asked Questions
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