ProductsLoan Insurance
Loan Insurance
Protect Your Financial Commitments
About Loan Insurance
Loan insurance (also known as Payment Protection Insurance) ensures your loan repayments continue even when you can't work. Whether due to illness, disability, or redundancy, we step in to cover your monthly payments, protecting your credit score and your family from financial stress.
What's Covered
Monthly loan repayment coverage
Mortgage protection
Personal loan coverage
Credit card balance protection
Involuntary unemployment coverage
Temporary disability payments
Permanent disability lump sum
Death benefit (loan balance clearance)
Critical illness coverage
Hospitalization benefit
General Exclusions
Voluntary resignation from employment
Pre-existing medical conditions
Self-employment income loss
Redundancy within first 3 months
Frequently Asked Questions
How long does coverage last?
Coverage lasts for the duration of your loan term. If you pay off your loan early, you receive a pro-rata refund of unused premiums.
What counts as involuntary unemployment?
Redundancy, company closure, or being made redundant due to business restructuring. Voluntary resignation and retirement are not covered.
Is there a waiting period for job loss claims?
There is a 60-day waiting period from policy start before job loss claims can be made. Disability and death claims have no waiting period.