This a Mortgage Protection policy aimed at providing protection of the property and financial security to the borrowers and lenders.

A mortgage is an interest acquired by the creditor/lender in say a house or other property as a form of security/collateral offered by a debtor/borrower for repayment of a debt. If a vital event of death occurs to the debtor/borrower, then the property is put to sale in order to recover the outstanding balances. This is prejudicial to the debtor’s/borrower’s spouse or dependants who would have lost the mortgaged house or property and it would somewhat tarnish the creditor’s/lender’s reputation. As far as the creditor is concerned, he has to have financial interest in the borrower. That financial interest is insurable so that if the borrower died before full repayment of the money, the proceeds of the insurance policy would defray the outstanding balance. The deceased borrower’s spouse or dependants would be happy to remain with the mortgaged house or property and the creditor would avoid their wrath, as he would have not sold the property to recover the outstanding balance.


  • Pays the outstanding balance of the loan in event of death and total permanent disability
  • Pays the outstanding balance of the loan in event of loss or damage to the property/house caused by fire or other perils