Owner Loan Protection Plan
Have a Standard Bank Business Loan, Overdraft or Revolving Credit Plan? Insure your outstanding balance with an Owner Loan Protection Plan.Contact your business banker for more info
Some of the benefits
Reducing premiums
Pay less every month as your outstanding balance reduces
Full settlement
Settle your outstanding balance in the event of death, dread disease, or permanent disability
Minimum Benefit
Get minimum cover of R20 000 when you claim regardless of your outstanding balance in the event of death, permanent disability or dread disease
What is covered
- Your outstanding balance will be settled in full in the event of death, dread disease or permanent disability subject to maximum cover of R1 million
- Additional cover of R20 000 applies on a death benefit.
*See Terms & Conditions
Product underwritten by Liberty Group Limited
Standard Bank Insurance Brokers (Pty) Ltd (“SBIB”) is an authorised financial services provider FSP 224.
Exclusions
- Suicide is excluded for the first 24 months of the policy
- Pre-existing medical conditions from the last 12 months aren’t covered for the first 12 months of the policy term
- Cover for dread disease and permanent disability ends at age 65
- Death cover ends at age 75
What it cost
- Minimum monthly premium of R4 per policy
- Premiums are calculated monthly on your outstanding balance and age
- Your premium decreases as the balance of what you owe decreases
- 40% discount applies to the younger life on the policy
How to claim
- Call us on 0860 123 999
- Or visit your nearest branch
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What is covered
-
Exclusions
-
What it cost
-
How to claim
- Your outstanding balance will be settled in full in the event of death, dread disease or permanent disability subject to maximum cover of R1 million
- Additional cover of R20 000 applies on a death benefit.
*See Terms & Conditions
Product underwritten by Liberty Group Limited
Standard Bank Insurance Brokers (Pty) Ltd (“SBIB”) is an authorised financial services provider FSP 224.
- Suicide is excluded for the first 24 months of the policy
- Pre-existing medical conditions from the last 12 months aren’t covered for the first 12 months of the policy term
- Cover for dread disease and permanent disability ends at age 65
- Death cover ends at age 75
- Minimum monthly premium of R4 per policy
- Premiums are calculated monthly on your outstanding balance and age
- Your premium decreases as the balance of what you owe decreases
- 40% discount applies to the younger life on the policy
- Call us on 0860 123 999
- Or visit your nearest branch