Credit Life
Credit Life Insurance is a term life insurance policy that settles outstanding loan amounts to your customers' default as a result of the following: Death, Permanent Disability, Temporary, Disability.
Compute Credit Life Premium
Use this end-point to calculate credit life premium
POST https://api.mycover.ai/v1/products/credit-life-price
Body
loan_amount*
number
Loan amount given to customer.
loan_tenure*
number
Loan tenure in months. Minimum of 3 months
product_id*
string
Product ID
Response
{
"responseCode": 1,
"responseText": "Price computed successfully",
"data": {
"price": 7000
}
}// Sample Request Payload
{
"loan_amount": 100000,
"loan_tenure": 12,
"product_id": "f8b5bca1-b870-4648-8704-11c1802a51d0"
}Buy Credit Life Insurance
Use this end-point to buy Credit life insurance.
POST https://api.mycover.ai/v1/products/buy-credit-life
Request Body
benefit_coverage*
array
List of benefits. Check below for description. Note that premium amount will depend on the chosen benefits.
first_name*
string
Customer's legal first name
last_name*
string
Customer's legal last name
email*
string
Customer's valid email address
phone_number*
string
Customer's valid phone number
date_of_birth*
string
Customer's date of birth
loan_amount*
number
Loan amount given to customer.
gender*
string
Customer's gender
loan_tenure*
number
Loan tenure in months. Minimum of 3 months
id_image_url*
string
Image URL of the customer ID
loan_start_date*
string
Loan disbursement date
product_id*
string
Product ID
Last updated
Was this helpful?