My Life Insurance - Smart Loan Cover

SICOM Smart Loan Cover is a simple, innovative but very comprehensive life assurance policy.

It is the ideal solution which goes the extra mile to secure new and existing loans, mortgages, overdrafts and other credit facilities in case of premature death or total and permanent disability.

Features

Premium

  • Premium is paid either monthly, quarterly, half yearly, yearly or single over the full term of the policy
  • Premium is based on age, term and sum assured
  • Policy can be contracted individually or Jointly

 

Sum assured

  • The sum assured decreases over the duration of the policy

 

Term

  • Term : 5 to 30 years
  • Age at entry should not exceed 65 years
  • Age next birthday plus term should not exceed 75 years

 

(Terms and conditions apply)

Request more information

By filling in this form, you agree that you have read and understood SICOM Group's Terms of Use & Privacy Policy , which describes how we collect, use, store and disclose your personal data, and you consent to such collection, use, storage and disclosure.

This product is offered by
State Insurance Company Of Mauritius Ltd (BRN: C07007065)

Useful info

  • Benefits

In case of death the following benefits are paid out to the beneficiary (surviving spouse or nominated beneficiary/ries):

  • Mortgage Protection – Refund of the outstanding capital balance of the loan (excluding arrears) as at date of the claim

      +

  • Refund of all premiums paid up to the date of the claim

 


Optional Supplementary Benefits:

  • Total and permanent disability & Health Care Cover - The same benefits are paid as in case of death

 

Health Care Cover*

 

On diagnosis of any one of the following specific illnesses:

  • Heart Attack
  • Coronary Artery Bypass Graft (CABG)
  • Stroke
  • Cancer
  • Kidney Failure
  • Major Organ Transplant
  • Paraplegia, Quadriplegia, Diplegia, Hemiplegia and Tetraplegia
  • Blindness
  • Major Burns
  • Cardiac Valve Surgery
  • Pulmonary Artery Hypertension
  • Coma
  • Brain Damage

 

PLUS

Special Cover for Angioplasty with varying terms of payment. (Please contact us for more details)

 

(*Terms & Conditions Apply)

  • Eligibility

Age at entry should not exceed 65 years

 

Age next birthday plus term should not exceed 75 years

  • Required documents

  • National Identity Card
  • Recent Utility Bill (not more than 6 months old)
  • Letter of Offer for Loan
  • Birth certificate
  • Marriage Certificate (if applicable)
  • Bank details for payment of premium