Credit Life

Protect your business against your customers loan default.

Claim Credit Life

Use this end-point to lodge a claim to settle outstanding loan amounts when your customers default.

POST https://api.mycover.ai/v1/claims/credit-life

Request Body

Name
Type
Description

police_report

file

Police report document. Only required if incident was a result of an accident

policy_number*

string

Policy number

incident_type*

string

Reason for customer default ("Death", "Permanent disability", "Temporary disability", "Critical illness", "Loss of job", "Burglary")

accidental*

bolean string

Incident caused by an accident

loan_offer_date*

string

Loan offer/disbursement date

loan_repayment_date*

string

Loan repayment end date

loan_amount*

number string

Loan amount given to customer.

pending_repayment_amount*

number string

Pending repayment

loan_offer_letter*

file

Loan offer letter document

medical_report

file

Medical report required for "Death", "Permanent disability", "Temporary disability", "Critical illness"

employment_termination_letter

file

Employement termination letter required for "Loss of job"

{
    "responseCode": 1,
    "responseText": "Claim saved successfully",
    "data": {
        "claim": {
            "id": "6e3f04bf-d992-485b-bdec-56c36d9c1a6d",
            "app_mode": "test",
            "claim_description": "Credit life claim for 5000 borrowed to Jay",
            "claim_owner": "Owner",
            "claim_owner_first_name": "Jay",
            "claim_owner_last_name": "Anaele",
            "decline_reason": "None",
            "claim_owner_email": "jennifer@mycover.ai",
            "claim_owner_phone_number": "08122337787",
            "credit_life_claim_meta": {
                "loan_offer_letter": "https://s3.eu-west-2.amazonaws.com/staging.mycover.ai/b633b4e6-4076-4297-86cd-f692971906bd-Screenshot%202023-02-09%20at%2017.13.18.png",
                "employment_termination_letter": null,
                "police_report": "https://s3.eu-west-2.amazonaws.com/staging.mycover.ai/db3561f3-2cc9-483f-bf0f-e0fe6543f383-Screenshot%202022-12-20%20at%2011.59.55.png",
                "medical_report": "https://s3.eu-west-2.amazonaws.com/staging.mycover.ai/9741354b-9db9-45db-b6ca-31acf773a49d-Screenshot%202022-12-20%20at%2012.00.06.png",
                "loan_amount": "5000",
                "pending_repayment_amount": "3000",
                "incident_type": "Death",
                "loan_offer_date": "2022-12-12",
                "loan_repayment_date": "2023-12-12",
                "accidental": "false"
            },
            "claim_type": "Credit life",
            "claim_amount": "0.00",
            "repair_estimate": "0.00",
            "offer_amount": "0.00",
            "betterment_deduction_amount": "0.00",
            "excess_deduction_amount": "0.00",
            "incident_date": null,
            "claim_status": "Pending",
            "claim_invoice_url": null,
            "offer_form_url": null,
            "created_at": "2023-03-12T22:06:23.318Z",
            "updated_at": "2023-03-12T22:08:56.938Z",
        }
    }
}
```

The incident_type parameter can only be one of the available types. The supported values are "Death", "Permanent disability", "Temporary disability", "Critical illness", "Loss of job", "Burglary".

Use form data

Sample Request Payload
{
  "policy_number": "ALZ/CL/2023/9/FFF288294",
  "loan_offer_date": "2023-08-10T14:12:38.538Z",
  "loan_repayment_date": "2023-09-10T14:12:38.538Z",
  "total_loan_amount": "200000",
  "loan_amount_paid": "100000",
  "pending_repayment_amount": "100000",
  "incident_type": "Death",
  "accidental": "true",
  "account_number": "0216316420",
  "account_name": "Omonigho Jimmy",
  "bank_code": "737",
  "bank_name": "GTB",
  "police_report": file
  "loan_offer_letter": file
  "medical_report": file
  "repayment_schedule_report": file
}
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