Yerevan: Yelo Bank has introduced a new “Credit Life Insurance” service for its loan customers, aimed at providing financial security in the event of health-related issues such as death, disability, or accident. This insurance coverage ensures that the borrower’s remaining debt is managed, thereby safeguarding their families from potential financial distress.

According to Trend News Agency, the newly launched service by Yelo Bank is designed to enhance the personal banking experience by offering a layer of protection to clients’ families. This initiative reflects the bank’s commitment to offering supportive financial solutions that cater to the unpredictable nature of life, by ensuring that unforeseen events do not lead to burdensome financial obligations.

Customers can access this insurance coverage both through the Yelo App when applying for a loan online and at any of the Yelo Bank branches. For further details, individuals are encouraged to contact the bank’s call center.