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.
Last updated
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.
Last updated
Certain properties obtain their values from supplementary endpoints. Refer to the Auxiliary page for a list of these additional endpoints.
Use this end-point to calculate credit life premium
POST https://api.mycover.ai/v1/products/credit-life-price
| Name | Type | Description |
|---|---|---|
Response
Use this end-point to buy Credit life insurance.
POST https://api.mycover.ai/v1/products/buy-credit-life
The benefit_coverage parameter is an array of one or more of the available coverage. The available benefit coverage are death, permanent_disability, temporary_disability, loss_of_job.
Certain properties obtain their values from supplementary endpoints. Refer to the Auxiliary page for a list of these additional endpoints.
| Name | Type | Description |
|---|---|---|
loan_amount*
number
Loan amount given to customer.
loan_tenure*
number
Loan tenure in months. Minimum of 3 months
product_id*
string
Product ID
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