Personal loan protection plan

The policy covers the debt on your personal loan or overdraft in the event of your death, disability caused by an accident or retrenchment (50% of loan balance). The Personal Loan Protection Plan offers you peace of mind in the knowledge that should anything happen to you, your surviving loved ones do not have to deal with the outstanding debt as the Insurer will pay off the loan. All loans given by the bank are automatically covered up to a maximum loan amount of USD100, 000.


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