Buying your dream home will, in most cases, require you to take out a bank loan. The GlobalCapital Loan Protect is an ideal solution to satisfy your life insurance needs when taking out a bank loan.
This policy is specifically designed to operate in parallel with your bank loan, offering financial protection should the life insured pass away. The Sum Insured gradually decreases over time, in line with the amount of outstanding loan, hence making it more economical.
This policy is ideal for:
- Using as collateral for a bank loan.
At a glance:
- Fixed Premium
- Sum Insured agreed at inception of the policy and decreases in line with your bank loan
- Low-cost life Insurance
- Pay regular premiums, either Annually, Semi-Annually Quarterly or Monthly.