Great features

  • The policy will settle the outstanding loan in the unfortunate event of demise of the member during the period of cover
  • Permanent total disability. The policy will settle the outstanding loan if the event occurs during period of cover
  • Retrenchment cover (for salaried borrowers). This will help to cover loan instalments for salaried employees for a maximum period of 6 months in the case they lose their jobs through retrenchment.
  • Last expense cover. Depending on the loan amount, this policy will provide a benefit to the family of the departed borrower to meet the funeral costs.
  • Eligibility Criteria

    • The policy covers a borrower who has a loan with a lender for the period of the facility subject to the borrower meeting the terms and conditions of the policy.
    • Minimum entry age for this policy is 18 years
    • Maximum coverage age for this policy is 70 years

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