Flashaid EMI Protect
For Financial Institutions
Reduce Your NPA’s by 30%
EMI Protect
Only plan that you will ever need to protect your loans and EMI’s.
This plan covers you after you are unemployed!
EMIs
Upto 3 EMIs Covered
Salaried Employees
Specially crafted for salaries employees
Claim Settlement
Claim settlement within 10 days
Who Is This For?
Individuals
- Earning individuals with ongoing EMIs
- Salaried employees
- Age bracket of 18 – 60yrs
NBFC's
- Designed for Non-Banking Financial Companies, this plan protects their loan portfolios by reducing (NPAs) up to 30%.
- It provides peace of mind to borrowers by covering their EMIs in case of job loss, ensuring they have time to recover financially while avoiding default.
Credit Society
- This plan is aimed at credit societies (NFCS) that cater to salaried individuals between 18 to 60 years of age.
- It helps their members manage their EMIs during unforeseen events, ensuring timely payments and reducing financial stress during challenging times.
What is Covered?
Job Loss
Waiting period
Job Loss: 90 days
Coverage Amount 5,000/- to 80,000/-
Accident Covered Amount 25000/- to 1 Cr
Personal Accident
Waiting period
PA : NIL
The policy will start after 30 Days from date of subscription
Critical Illness
Waiting period for
CI: 90 days
Loans Covered
All types of loans are covered
Ticket size starting 50K to 10L loans are covered
What Is "Not" Covered?
Self-employment
Self-employed Individuals or freelancers with variable incomes
Resignation
Unemployment due to resignation or retirement whether voluntary or otherwise
Unemployment
Due to non confirmation of employment after probation period
Contractual Jobs
Unemployment from a job which is casual temporary seasonal or contract in nature
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