Your home is one of the biggest and most important purchases you will make in your life. Our Home Loan Protection Cover is an affordable cover that is designed specifically for your bond in the event of death, temporary or permanent disability, dread disease or if you get retrenched.


What to expect and how to get it

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What you get
  • Death 
    • In the event of death, the protection cover will pay a benefit equal to the sum assured.
  • Retrenchment 
    • Provides a monthly payment equal to the loan instalment for 6 months in the event of retrenchment. 
  • Lump sum disability 
  • Dread disease
    • If diagnosed with any of the dread diseases, the protection cover will pay the sum assured, and allow the life assured to concentrate on their recovery.
  • Instalment protection  
    • In the event of illness or bodily injury preventing you from earning an income, the protection cover will pay the monthly home loan instalments while you remain unable to work.
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What you need to know
  • You need to be at least 18 years old
  • No prior medical examination is required
  • Cover provided for the term of your home loan
  • Direct payment of benefits into your home loan
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What to bring when you apply
  • National ID card, passport or driving licence 
  • Proof of residence, e.g. latest utility bill 
  • Birth certificate or marriage certificate if relationship needs to be established
  • A completed application form

All documents are required in their original form. The list of required documents mentioned above is indicative only. The Bank may at any time request additional documents or information to process your application(s).

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Need more help?


Tel: +258 21 344 400
(Customer Care)


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