Loan Protection Assurance (Decreasing term Assurance)

This is the cheapest form of life assurance where the sum assured of a loan protection assurance decreases every year over the term of the plan.  It is specifically designed to cover outstanding loan amounts for home loans or business loans.

The premiums will remain fixed throughout the term of the plan however, the premiums will be cheaper than any other form of life assurance. Our premium rates for loan protection assurance are amongst the cheapest in the market and start form as little as €69.88 (Lm30) annually.