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  • Introduction
  • Getting Acquainted with Insurpass API
    • Before you start
    • Access to Insurpass API
    • Environment
    • Authentication
    • Errors
    • Pagination
    • Versioning
  • Know Insurpass' Products
    • Definition of Terms
    • Micro-health Insurance
    • Credit Life Insurance
    • Motor Insurance
    • Parcel Guard Insurance
    • Shop Insurance
    • Group Insurance
    • School Fees Insurance
    • Okada Insurance
    • Keke Insurance
  • Insurpass APi Reference
    • Micro-health Insurance
      • Policy
      • Claim
      • Pharmacy
    • Shop Insurance
      • Shop Insurance Policy
      • Shop Insurance Claims
    • School Fees Insurance
      • School Fees Policy
      • School Fees Claims
    • Keke Insurance
      • Keke Policy
      • Keke Claims
    • Okada Insurance
      • Okada Policy
      • Okada Claims
    • Motor Insurance
      • Comprehensive Motor Insurance
        • Comprehensive Motor Policy
        • Comprehensive Motor Claims
      • Third Party Motor Insurance
        • Third Party Motor Policy
        • Third Party Motor Claims
    • Parcel Guard Insurance
      • Policy
      • Claims
    • Group Insurance
      • Policy
      • Claims
    • Credit Life Insurance
      • Credit Life Policy
      • Credit Life Claims
  • GUIDES
    • Customer Journey Guidebook
      • Micro-health Insurance Flow
        • Claims Flow
        • Pharmacy Treatment Flow
        • User Interface Samples - Micro-health Insurance Plan
        • Issue Management Flow
      • Credit Life Insurance Flow
        • User Interface Samples - Credit Life Plan
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  • Integrate Insurpass API
  • Borrower Subscribes
  • Premium Collection
  • Customer KYC Details
  • Transaction Success Notification
  • Claims

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  1. GUIDES
  2. Customer Journey Guidebook

Credit Life Insurance Flow

PreviousIssue Management FlowNextUser Interface Samples - Credit Life Plan

Last updated 3 years ago

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Integrate Insurpass API

With Insurpass' API, you can easily embed the Credit Life Insurance into your application. To learn more on what the Credit Life Insurance is, click . For Credit Life Insurance API references, click .

Borrower Subscribes

Customer subscribes for the Credit Life Insurance Plan on any lending app or Bank operation staff signs up customers on a microfinance bank software.

Premium Collection

Payment for the Credit Life Insurance is calculated as part of the disbursed loan to the borrower and simultaneously remitted to Insurpass upon the disbursement of the loan to the borrower.

Customer KYC Details

Through the API integration, customer's transaction details are passed to Insurpass via an API endpoint.

Transaction Success Notification

Borrower receives SMS, email, policy certificate to confirm the purchase of the Credit Life Insurance plan.

Claims

Claims will be paid should there be a default on a borrower's loan due to a borrower's death, critical illness or permanent disability after claims documents are duly verified. Claims is initiated by the offer of the MFB or Online lending application.

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