Group Mortgage

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Group Mortgage Protection Plan is a reducing Term Assurance covering loans borrowed from a bank or any other financial institution.

The term of cover can be extended up to 25 years depending on the entry age.

Assignment or transfer of coverage

The benefits under Group Mortgage Protection Plan are assignable to the lender, to the extent of the outstanding loan owed.

Benefits

Level Sum Assured – In case of any members unfortunate demise, benefit payable is the sum assured.

Decreasing Sum Assured – In case of any member’s unfortunate demise, benefit payable is the sum assured as per the schedule.

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