home loan protector
Death benefit

Your family gets a lump sum payment in the event of your accidental or natural death.

Disability
Permanent disability

Your instalments get covered if you become temporarily or permanently disabled.

Shield
Terminal illness

Get an accelerated Death Benefit if you are diagnosed with a terminal illness.

What you need to know about Home Loan Protector

  • What you get from your Home Loan Protector?

    The Absa Home Loan Protector is for you if:

    • You want complete peace of mind that your outstanding home loan balance will be taken care of
    • You are worried that you may not be able to carry on with your repayments after being disabled
    • You want flexibility to change the amount for which you are insured or
    • You want to focus on your health without having to bother about your repayments in the event that you are diagnosed with a terminal illness.

  • What you are covered for?

    Death

    • Get a lump sum payment that equals the insured amount that you agreed on, provided that all premiums are paid
    • The Death Benefit covers accidental and natural death

    Permanent and Temporary Disability

    • Your home loan repayments are covered in the event you become permanently or temporarily disabled

    Guaranteed Insurability

    • Get guaranteed cover when you increase the amount for which your home loan is covered within the first four years on your policy anniversary

    Terminal Illness

    • If you are diagnosed with a terminal illness, there will be plenty for you to think about without worrying about keeping your house, so we will pay out an accelerated Death Benefit.

  • Who qualifies?

    You qualify to get the Home Loan Protector cover if:

    • You have an Absa Home Loan
    • Your home loan is less than R2 million
    • You want to protect your family financially by covering any outstanding debt on your property if an unforeseen event happens to you or
    • You want to provide financial security for your family.

    • Terms and conditions apply.

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Need more help?

Let one of our consultants help you get the best home loan for your needs.

Call us on:

0860 227 253

Email us at:

lifesales@absa.co.za

Visit your nearest branch