Loan Protection Services
We provide loan protection insurance on the lives of all eligible members.
You don’t pay for this added peace of mind, we do. Our loan protection insurance is a service we provide at no extra cost to you
Loan protection insurance is available to any eligible member who is not yet 80 years old, still engaged with work and able to carry out normal occupational duties.
If a member with an outstanding loan balance passes away, and had no pre-existing condition at the time of the loan, the loan balance may be covered in full by the insurance policy.
For a member with a pre-existing condition, the loan balance may be paid in full if the member declares the condition six months prior to passing away.
All health and medical issues should be discussed at the loan application stage.