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Mortgage Protection

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The Mortgage Redemption policy is generally taken out by the borrower as an instrument to secure the payment of the outstanding loan amount to the lending institution at the time of death of the borrower during the term of the policy.

Premium quotation for Mortgage Redemption policy is given on application and will vary depending on the rate of interest involved in the loan transaction and the term of the loan.

Single non-refundable premium paid.

  • Minimum age of entry: 20 years
  • Maximum age at entry: 58 years
  • Maximum age of maturity: 63 years
  • Medical Examination: Compulsory