All Issuers, be it the applicant or alternative key person appointed by the Issuer, will have Personal Accident Insurance up to the outstanding loan amount. This is provided by microLEAP, via our Insurance Partner,at no extra cost to the Issuer.
So in the case of accidental death or total / partial disablement, our Insurance Partner will cover the outstanding loan amount and microLEAP will arrange the pay out to all P2P Investors.
This ensures that Issuers can focus on what they do best – expanding their business!