Quality Mortgage Protection Plan
The policy is used to insure the outstanding balance of a mortgage facility obtained by the insured against death of the borrower.
This policy also pays the scheduled outstanding loan balance to the mortgagee (financial institution) in the event of death of the mortgagor during the loan repayment period.
What risks does your policy cover?
The high /increasing level of interest rates prevailing in Ghana has compelled the company to administer the plan as an annual renewable term product with yearly update of the sum assureds to equal the outstanding balance on the mortgage loan.
Riders: