The Loan Protection Plan aims to repay any outstanding home loan on your death. This means that you are safe in the knowledge that the roof over your partner and children’s heads is safe even when you are no longer around.

One of the costlier assets typically purchased against a loan, your home is something you cannot afford to live without. Have you ever considered though how your dependents would manage to pay off the loan should something happen to you? The Loan Protection Plan is a simple and affordable life protection that offers you total flexibility since you can choose the number of years you want the cover to last, while it ensures that your loved ones still have a roof over their heads.

What are the benefits of the Loan Protection Plan? 

  • The Plan is a regular premium plan that provides for the payment of a fixed sum of money in the event of your death. 
  • The lump sum payable on death reduces each year roughly in line with your outstanding loan balance. 
  • It can pay a lump sum to your estate or whoever you decide. 
  • The Plan offers you the option to designate one or more beneficiaries. 
  • The Funeral Expenses Benefit is a free benefit which offers the beneficiaries the option to receive part of the Death Benefit immediately to cover funeral expenses, up to a maximum of €2,500.

Key Features

Loan Protection Plan
TypeReducing term Protection
Minimum Premium€4.00 monthly
Age of insured person Between 18 and 70
Period of cover Between 5 and 57 years
Applicants Single or joint
Standard BenefitsDeath Benefit

Funeral Expenses Benefit
Additional BenefitsAccidental Death

Permanent Total Disability

Critical Illness