Insurance protection for Mortgage Loan borrowers, covering the client's liabilities to UBB
Individuals, over 18 years old, applying for a mortgage loan by UBB.
|Sum Insured|| |
Equal to the outstanding amount of the loan principal, as per the loan agreement
|Insurance tenor||Equal to the loan tenor|
|Payment of the insurance premium||Monthly installments, collected automatically from the client's account|
|Death due to illness or accident||Covers the outstanding loan amount as at the date of the event|
|Disability over 75% as a result of an illness or accident||Covers the outstanding loan amount as at the date of the event|
|Temporary total disability as a result of an illness or accident||After expiry of the 60-day waiting period indemnity, equaling the monthly installment under the loan, will be paid for each full 30-day period of temporary total disability.|
Provides you with funds that you may use to realize your desired projects, under favourable conditions.