What is loan protection?  

Loan Protection insurance is co branded as income protection insurance. You can join the scheme to help you pay your monthly loan repayments in the event of accident, sickness or unemployment preventing you from working resulting in a loss of your income.

You may use this lifestlye protection to cover the monthly amount you pay towards your loan, simply cover the amount that matches your monthly loan payments.. If you wish you may later cancel your insurance as soon as the loan is paid off and without any penalty.

Alternatively you can keep your insurance should you need it to help you pay your other regular expenses in the even of accident, sickness and unemployment.