Group Mortgage
Group Mortgage Protection Plan is a product which brings about an equitable approach to handling this problem by paying off the outstanding balance of loan instead of foreclosure of the property. The term of cover can be extended up to 25 years depending on the entry age.
Benefits
- Level Sum Assured – In case of any members unfortunate demise, benefit payable is the sum assured.
- Decreasing Sum Assured – In case of any member’s unfortunate demise, benefit payable is the sum assured as per the schedule.