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Allianz Loan Protection Cover

Secure your Liabilities

Taking out a loan can be a great way to help you achieve your personal goals sooner than planned, but there are risks. If you lose your job or can’t work because of an injury or illness, you may not be able to make your monthly loan repayments. If death occurred unexpectedly or you become permanently disabled, you will leave your family with the burden of paying off your loan. This policy helps pay off your repayments or covers your loan repayments when you are not able to.

Cover Options


Loan Protection offers two types of cover to protect you and your family against the unexpected:

  • Death cover – pays off your outstanding loan in the event of your death
  • Death with total and permanent Disability Cover, which can help settle the outstanding loan and as well as the cover your minimum monthly repayments if you become permanently disabled due to an accident or sickness
  • Death with Total and Permanent Disability cover – settles the outstanding loan in the event of death and covers your minimum monthly repayments if you become permanently disabled due to an accident or sickness

You can choose to have either or both of these covers under a single plan with a one-off premium that will cover you for the period of the policy

Eligibility


  • Minimum Age at entry 18 years
  • Maximum Age at entry 60 years
  • Maximum Age at Policy Expiry Date 65 years

Policy Term


  • Minimum term : 2 years
  • Maximum term : 30 years

SearchWould you like to purchase Loan Protection Cover ? Or simply learn more?

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