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If you find yourself in challenging financial times, you may need to borrow money. But what do you do when your circumstances change and you can no longer cover the repayments? Prime Loan Protection Insurance provides financial support when you need it most. And if you are disabled or pass away, Prime repays the outstanding amount. This protects your dependents from defaulting on the loan when you’re not able to provide for them.
Prime Loan Protection Insurance gives you peace of mind that your outstanding payments will be settled in case of the following events:
The product policy prevents your properties from being auctioned off. During unfortunate times, the loan protection insurance protects the subscriber and his/her family from the debts that would make the family struggle to pay off without a sufficient standard level of income. The loan protection insurance plays an essential role to provide peace of mind and safeguard the subscriber in a worst case scenario.