At Pratyancha Financial Services Limited (PFSL), we understand that financial protection is just as important as financial access. That’s why we offer affordable insurance solutions along with our loan products — ensuring our customers and their families are protected against life’s uncertainties. Our insurance offerings are designed specifically for low-income, rural, and underserved communities, providing security, peace of mind, and stability.
Credit Life Insurance (to borrower) :
This insurance covers the borrower in case of death during the loan tenure. It ensures that the outstanding loan is waived off so that the family is not burdened.
| Coverage | Loan outstanding amount. |
| Premium | One-time (collected at loan disbursement). |
| Tenure | Same as loan duration. |
| Benefits | Financial relief for the family. |
| No burden of repayment in case of borrower's death. | |
| Fast and simple claim settlement. |
Key Benefits for Our Customers :
📌 Low-cost premiums specially designed for microfinance borrowers.
📌 Simple documentation and claim process.
📌 Insurance is often bundled with loan products for convenience.
📌 Protects families from financial shocks.
📌 Peace of mind during health emergencies, accidents, or loss of life.
Claim Process :
📌 Inform the local Pratyancha branch or your loan officer.
📌 Submit required documents (death certificate, ID proof, etc.)
📌 Our team coordinates with the insurance company.
📌 Claim is processed within 15-30 working days (as per insurer terms).
🤝 Our Insurance Partners :
We work with IRDAI-approved, reputed insurance companies to provide these services, like Ageas Federal - Life Insurance Company in India, SBI Life insurance, etc.
pratyanchafin@gmail.com
+1800
212 999 998