Loan Cover+ — Stay Protected, Stay Financially Secure

Loan Cover+ is a financial safety net designed to help you stay on track with your loan repayments during illness, injury, or unexpected life disruptions.

When your income is affected, your commitments don’t stop — Loan Cover+ ensures your loan obligations remain manageable during difficult times

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Why Loan Cover+ Matters

Loans are long-term financial commitments — whether for:

Home financing	Car loans	Personal financing	Business financing

But unexpected events such as illness, accidents, or temporary disability can disrupt your income and create financial strain.

For lenders — Loan Cover+ reduces portfolio default risk during borrower income disruptions. Senang.io handles the full insurance lifecycle, adding zero operational overhead to your lending workflow.

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Loan Cover+ acts as a buffer, helping you maintain stability while you recover.

Without protection, missed repayments may lead to:

How Loan Cover+ Works

Loan Cover+ provides financial support when predefined events affect your ability to earn income.

01

Choose Your Coverage

Select a coverage amount aligned with your loan commitments and financial responsibilities.

02

Stay Protected

Your policy remains active during the coverage period as long as premiums are maintained.

03

Trigger Event Occurs

If you experience a covered event such as: Hospitalisation, Temporary disability, Critical illness, Accidental, injury ~ You may submit a claim.

04

Receive Financial Support

Upon approval, the payout helps cover your loan repayments for a specified duration or provides a lump-sum benefit — depending on your selected plan.

Smart Claim Triggers — No Manual Process

Senang.io's platform can automate claim triggers based on hospitalisation data, EPF contribution gaps, or income verification APIs — removing the manual claims barrier for borrowers.

What Loan Cover+ Can Cover

Core Protection

• Hospitalisation Benefit — Support during extended hospital stays 🛏️

• Temporary Disability Coverage — Assistance when you are unable to work temporarily 🩼

• Accidental Injury Protection — Coverage for unexpected accidents 🩹

• Critical Illness Support — Lump sum benefit upon diagnosis (if included in plan) 💰

  
  

Optional Add-Ons

• Job loss support (subject to terms) 🤝

• Extended repayment coverage period ⏳

• Higher benefit limits 💵

Coverage scope depends on the selected plan and policy terms.