Why Bond Protection Cover?

Bond Cover pays the original bond amount in the event of death, dread disease or permanent disability, and pays the monthly bond instalments in the event of illness, injury, temporary disability and retrenchment.

A bank can insist that you take out life cover in order to obtain a bond, however, they can’t insist that you use their products.  You have freedom of choice selecting the product or insurer to use to provide the cover required by the bank.

Accepted By All Major Banks (ABSA, FNB, Nedbank, Standard Bank)

Underwritten by Old Mutual Alternative Risk Transfer, a member of the Old Mutual Group.

Terms & Conditions 
Minimum entry age 18 next birthday
Maximum entry age 60 next birthday
Maximum expiry age Policy anniversary prior to 80th birthday
Benefit Expiry age Policy anniversary prior to 65th birthday
Term Matches the term of the bond
Instalment Protector options 24 months or full term
Minimum sum insured R100 000
Minimum monthly premium R75 a month
Loans No loan facility will be available
Surrender values None