Absa Home Loan Protector

Absa is an established banking institution in South Africa that has over the years developed a reputation for providing tailor made products and services while at the same ensuring that the clients financial interests and future are safeguarded. One service offering that has lived up to this reputation is the Absa home loan protector.

The ABSA home loan protector has been designed to assist family members to have a roof over their heads should anything happen to the head of the family.These unforseen circumstances could include death, being diagnosed with a terminal illness or being disabled.This offering is therefore ideal for those with homes which are less than R1 million, if you would want to protect your family by covering any outstanding debt on your property should anything happen to you or merely providing financial security for your family.

The home loan protector includes benefits from various Absa life products, to cover your home loan repayments if you die, are disabled or are diagnosed with a terminal illness. For the death benefit, Absa will make a lumpsum payment that equals the insured amount that you agreed upon and this death benefit covers accidental and natural death.There is also guaranteed insurability benefit which stipulates that if you would like to increase the amount that your home loan is covered for, you can do this for the first four years on your policy anniversary.You do not need to provide proof of health to increase the insured amount.

For any queries regarding this Absa product offering, contact can be made on 0860227253