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Title: :  Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon
PaperId: :  26752
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 11 Issue 3 2025
DUI:    16.0415/IJARIIE-26752
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Dr. Tita Buma Valentine University of Bamenda Cameroon

Abstract

Law
Loan, Insurance, Contracts
Since human wants are unlimited in supply, It has become a common phenomenon for customers to rely on financial Institutions to accomplish their dreams of owning a house, lands, businesses, cars or any other necessities of life. In complaisance with the pleasure of such new acquisitions goes the liability of the loan which many times is quite burdensome but unavoidable to debtors in Cameroon. As a result, loan insurance contract policy has acted as a legal means to protect debtors in Cameroon. This Policy has been designed by insurance companies in Cameroon as a means to relieve debtors of that stress by covering three fortuitous events that may happen in life namely, Critical Illness, Personal Accident and Loss of employment, which can cause a severe blow to the normal life of a debtor. Structured as a benefit contract policy by insurance companies in Cameroon, this policy provides for payment of the benefit amount which normally is equivalent to total amount of loan or the loan outstanding as on the date of occurrence of the covered event.

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IJARIIE Dr. Tita Buma Valentine. "Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon" International Journal Of Advance Research And Innovative Ideas In Education Volume 11 Issue 3 2025 Page 2361-2368
MLA Dr. Tita Buma Valentine. "Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon." International Journal Of Advance Research And Innovative Ideas In Education 11.3(2025) : 2361-2368.
APA Dr. Tita Buma Valentine. (2025). Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon. International Journal Of Advance Research And Innovative Ideas In Education, 11(3), 2361-2368.
Chicago Dr. Tita Buma Valentine. "Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon." International Journal Of Advance Research And Innovative Ideas In Education 11, no. 3 (2025) : 2361-2368.
Oxford Dr. Tita Buma Valentine. 'Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon', International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, 2025, p. 2361-2368. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Loan_Insurance_Contract_Policy_As_A_Legal_Means_To_Protect_Debtors_Of_Financial_Institution_In_Cameroon_ijariie26752.pdf (Accessed : ).
Harvard Dr. Tita Buma Valentine. (2025) 'Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon', International Journal Of Advance Research And Innovative Ideas In Education, 11(3), pp. 2361-2368IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Loan_Insurance_Contract_Policy_As_A_Legal_Means_To_Protect_Debtors_Of_Financial_Institution_In_Cameroon_ijariie26752.pdf (Accessed : )
IEEE Dr. Tita Buma Valentine, "Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon," International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, pp. 2361-2368, May-Jun 2025. [Online]. Available: https://ijariie.com/AdminUploadPdf/Loan_Insurance_Contract_Policy_As_A_Legal_Means_To_Protect_Debtors_Of_Financial_Institution_In_Cameroon_ijariie26752.pdf [Accessed : ].
Turabian Dr. Tita Buma Valentine. "Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 11 number 3 ().
Vancouver Dr. Tita Buma Valentine. Loan Insurance Contract Policy As A Legal Means To Protect Debtors Of Financial Institution In Cameroon. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2025 [Cited : ]; 11(3) : 2361-2368. Available from: https://ijariie.com/AdminUploadPdf/Loan_Insurance_Contract_Policy_As_A_Legal_Means_To_Protect_Debtors_Of_Financial_Institution_In_Cameroon_ijariie26752.pdf
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