Recover outstanding loan payments as a lender or creditor if a borrower dies or is disabled.
If you take out a loan, you have peace of mind that your outstanding payments will be settled if you die or are disabled.
The Prime Loan Protection policy prevents your properties from being auctioned off if you die prematurely.
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Loan Protection Insurance
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.
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