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Loan insurance

Insurance product

Loan insurance is an insurance product that covers the repayment of a loan in the event of the death, disability or loss of employment of the borrower. 

Protection of co-borrowers

It helps protect co-borrowers and lenders by guaranteeing that the loan will be repaid even if the borrower is unable to repay. 

Subscription

Loan insurance can be purchased from an independent insurance company or from the bank that issued the loan. It is important to understand the terms and conditions of loan insurance before purchasing it to ensure that the covers are adequate for the needs of the borrower.