What is loan insurance? Can loan insurance money be returned?

What is loan insurance?

Loan insurance is a type of insurance designed to minimize risks during the debt repayment process.

For borrowers:

• Minimize financial risks in the unfortunate event of encountering force majeure events.
• If the borrower dies, becomes permanently disabled, goes missing or suffers from a serious illness, the loan will also be paid on behalf of the borrower, helping the borrower's family not to have a financial burden.

Quyen is a creative copywriter with a passion for fintech. a degree from the Ho Chi Minh University of Economics. After graduating from the UEH (Ho Chi Minh Economics of University), she's constantly expanding her knowledge through investment and financial literacy courses, seminars, and conferences. Quyen also has experience in banking and credit. Her articles draw on her background in finance to help readers make informed decisions.