Contact Us

Group Mortgage Protection

  • Home
  • Group Mortgage Protection

Preview

This is a policy that protects the Loan book of the lending institution. Under this scheme, Prudential covers the life of the borrower in that should he/she pass on from an Accident or natural cause, Prudential pays the entire outstanding loan balance plus interest as of that time. 

  • Group Mortgage Protection Brochure
Download
  • Group Mortgage Protection covers the loan payment of the policyholder/borrower in the event of their death or permanent disability.
  • The policy pays off the outstanding loan balance (including interest) in the event of a claim, thereby saving the family from the burden of repaying the loan.
  • This policy can be customized to include retrenchment cover.
  • The policy is between lending institution and Prudential
  • The policy would apply to all borrowers taking out Mortages
  • Members who borrow above a given threshold undergo medical examinations paid for by Prudential.
  • Premium charged is a percentage of the amount of loan taken out.

Loan Book Protection

The Lending Institution’s Loan book is protected from default arising from the insured events.

Asset Protection

Protects assets from repossession by the lending Financial Institution

Funeral Death Benefits

The borrower’s family is supported with last funeral expenses in case of his/her death.

Peace Of Mind

Peace of mind for both Financial Institution and borrower

Retrenchment Benefit

If option is selected, the bank will receive loan installment payments up to a maximum of 12 installments from the date the borrower gets retrenched.

Good Lending Reputation

A good reputation for the lending Institution

Clients Feedback

Our Clients Reviews

Give Us A Call

0800-200-052

Send Us A Message

customercare@prudential.ug

Office Location

10th Floor, Zebra Plaza, Plot 23 Kampala Road, Kampala

Prudential Uganda is regulated by the Insurance Regulatory Authority of Uganda, whose main responsibility among others, is to ensure that insurance companies honour claims. Furthermore, Prudential Uganda is a subsidiary of Prudential plc, UK, a company that has been honouring claims for over 175 years.

Facebook-f Twitter Instagram Youtube

© 2023 Prudential Assurance Uganda Limited. All rights reserved.