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Group Mortgage Protection Cover

Group mortgage protection is a long-term contract meant to provide mortgage loan redemption on death or disablement of the borrower.

The sum insured per member payable on death or disablement will be the outstanding loan including interest associated with the mortgage agreement for which the borrower’s contract is effected.

This will be determined on the understanding that all repayments under the mortgage agreement that should have been paid prior to the date of death or disablement of the borrower have been paid.

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