The policy covers the debt on your Home Loan in the event of your death, disability, dread disease and retrenchment.

Features:

• Premium collection is on “interest strip” basis (as the balance decreases so does the premium)
• Premium changes automatically with outstanding balance
• Rates adjusted according to age bands
• No medical examination required
• Maximum entry age 55
• Cover ceases at age 65 for disability and retrenchment
• Cover ceases at age 75 for death
• Free death cover available until registration of bond – limited to three months.

To get a quote call us on 0860 123 911 or you can click on Call me to leave your contact details and a consultant will contact you shortly.

Alternatively apply online.

The premium is calculated on an "interest strip" basis, which means that as your bond balance decreases, so does the premium on your Home Loan Protection Plan. Premiums are adjusted according to the outstanding balance, your age and the cover selected.

• You only pay for the cover you need
  Premiums are calculated monthly on your outstanding balance
• You are always covered
  If the amount owing on your bond increases or decreases your premium will automatically be adjusted to cover you for the outstanding balance
• 40% discount
  This is applicable to the rate of the younger life insured, if it is a joint life policy
• Death cover
  On your death, the outstanding balance on your bond will be settled
• Temporary disability cover
  If you are disabled, your bond instalments will be paid for up to 12 months
• Permanent disability
  Settlement of outstanding balance at the time of permanent disability of the insured
• Dread disease
  Settlement of outstanding balance when the insured is diagnosed with a dread disease
• Retrenchment cover
  This is available on registered bond amounts of over R100 000 and pays your bond instalments for up to six months. All new and existing bonds have a waiting period of twelve months.
• Cover ceases at age 65 for disability and retrenchment
• Cover ceases at age 75 for death.
• No medical examination is required
• Policy is issued to homeowners up to the age of 55

Free death cover is available up to three months before registration of bond

Plans

• Plan D covers
  Death only
• Plan J covers
  Death, temporary disability, retrenchment and dread disease
• Plan K covers
  Death, temporary and permanent disability and dread disease
• Plan L covers
  Death, temporary and permanent disability

• Pre-existing conditions for the past two years are excluded for the first two years
• Suicide within the first two years of the commencement of the policy