Bond protection insurance
Get your instant, personalised bond protection insurance quote online—designed for your unique risk profile.
When applying for a bond, your bank may require additional protection (also known as credit life insurance) to safeguard your bond repayments. All the major banks in South Africa accept our bond protection solution.
What does bond protection insurance cover?
- Your outstanding bond amount in the event of critical illness, disability or death.
- Your monthly bond repayments for up to 12 months due to loss of income due to temporary disability or retrenchment.
What is bond protection insurance?
What if life took an unexpected turn—and you couldn’t pay your bond because of illness, disability, retrenchment or worse?
Life is unpredictable. One moment, everything’s fine. The next, everything’s at risk. That’s why bond protection matters. It’s more than just insurance—it’s peace of mind for you and your loved ones.
Our personalised cover protects your bond repayments and your future. Because it’s based on your unique risk profile, you only pay for what you need—nothing more.
For complete peace of mind that your bond repayments will always be paid - even if something was to happen to you, get an online Home Loan Protection quote.
Life cover benefit
Settles the full amount, or outstanding balance of your home loan when you die.
Add the Home Loan Protection Benefit to your life cover benefit and get a lump sum payment to settle the total outstanding balance on your home loan if:
You suffer from one of the critical illnes events defined under this benefit.
You meet the requirements of one of the defined functional impairment claim events because of illness or injury.
You suffer from a permanent disability caused by a bodily injury or illness to such an extent that you’re totally and permanently unable to perform the normal duties of your own occupation.
Retrenchment cover that pays for up to 12 months’ worth of monthly bond repayments. We’ll pay a lump sum equal to 4% of your Home Loan Protection Benefit to you every 3 months as a result of retrenchment. We will make a maximum of 3 such lump-sum payments.
- Stipulate a future start date of up to 3 months on your policy and, once the policy has been accepted, we'll pay the full benefit amount, limited to a maximum of R3 million, in the event of your death.
- Get up to 3 month’s free accidental death cover while you’re waiting for the transfer of your property to be finalised.
Temporary income protector
For qualifying occupations, we'll pay you a monthly income to cover up to 24 months' worth of monthly bond repayments if you're temporarily disabled because of bodily injury or illness to such an extent that you're unable to perform the main duties of your occupation on a total or partial basis; or if you're physically impaired or ill.
All the protection you need for your bond
Don't end up paying more than you should
You don't want to pay more for your insurance than you need to. As with most credit life insurance, there is no more paying for a 'one-size-fits-all' approach. We consider your risk rating factors like your age, gender and health status, which means you only pay for your unique level of risk appropriate to you.
Your cover doesn’t
expire
Once your bond is fully paid up, you’ll still have the life cover benefit which means you don’t need to reapply for life cover if you buy another property. Or, you can keep the life cover to ensure your family is financially protected in the event of your death.
No decreasing term insurance
Your life cover doesn’t decrease as your bond decreases. This means that when your home loan is fully paid up, you will still have your life cover in place. So if, for example, you took out life cover for R1 million to cover a R1 million home, you will still have the R1 million life cover that can be paid to your beneficiaries or settle any other debt in the event of your death.
Trusted experts
Comprehensive insurance protection that you need, and that the bank requires, from a leading insurer with a proud history of paying all valid claims.