SGI Hanoi has launched Personal Loan Guarantee Insurance (PLG)

Title	SGI Hanoi has launched Personal Loan Guarantee Insurance (PLG)
Detail	On July 17, 2024, SGI Hanoi has launched Personal Loan Guarantee Insurance (PLG), which covers the risk of non-repayment of individual borrower’s loan under the loan agreement granted by Vietnam financial Institutions. Coverage of PLG products: SGI Hanoi will cover the losses of Obligor’s loan repayment obligations to the Principal and Beneficiary (Banks) in case of the Obligor fails to repay the loan principal or interest thereon due to protracted default or event of acceleration under the Underlying Contract. Subjects participating in PLG: Viet Nam Financial institutions.
Posted Date	2024.07.17

Title

Detail

On July 17, 2024, SGI Hanoi has launched Personal Loan Guarantee Insurance (PLG), which covers the risk of non-repayment of individual borrower’s loan under the loan agreement granted by Vietnam financial Institutions.
Coverage of PLG products:

SGI Hanoi will cover the losses of Obligor’s loan repayment obligations to the Principal and Beneficiary (Banks) in case of the Obligor fails to repay the loan principal or interest thereon due to protracted default or event of acceleration under the Underlying Contract.
Subjects participating in PLG:

Viet Nam Financial institutions.

Posted Date

2024.07.17

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