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Loan Protection
New and Existing Loans, Mortgages, Overdrafts and other Credit Facilities
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Death Benefits
Refund of the Outstanding Capital Balance of the Loan
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Optional Supplementary Benefits
Total & Permanent Disability & Health Care Cover
- Other products
Life Insurance - Smart Loan
We have the solution that goes the extra mile to meet your needs. You can meet this by choosing our simple, innovative but very comprehensive life assurance policy.
About this product
SICOM Smart Loan Cover aims at securing new and existing loans, mortgages, overdrafts and other credit facilities in case of premature death or total and permanent disability.
Product Features
Choose SICOM Smart Loan Cover & benefit from:
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Type
Single or Joint
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Term
Choose between 5 to 30 years
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Death Benefits
Refund of the outstanding capital balance of the loan (excluding arrears) as at date of claim Plus Refund of all premiums paid
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Total & Permanent Disability (Optional)
Refund of the outstanding capital balance of the loan (excluding arrears) as at date of claim Plus Refund of all premiums paid
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Health Care Cover (Optional)
Refund of the outstanding capital balance of the loan (excluding arrears) as at date of claim Plus Refund of all premiums paid
( Terms and conditions apply)*
Useful Information
Total and permanent disability & Health Care Cover
Refund of the outstanding capital balance of the loan (excluding arrears) as at date of claim Plus Refund of all premiums paid.
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)
Age at entry should not exceed 65 years
Age next birthday plus term should not exceed 75 years
- National Identity Card
- Recent Utility Bill (not more than 3 months old)
- Birth certificate
- Marriage Certificate (as applicable)
- Bank details for payment of premium
- Payment of First Month Deposit
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Loan Protection
New and Existing Loans, Mortgages, Overdrafts and other Credit Facilities
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Death Benefits
Refund of the Outstanding Capital Balance of the Loan
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Optional Supplementary Benefits
Total & Permanent Disability & Health Care Cover
This product is offered by: State Insurance Company Of Mauritius Ltd
BRN:C07007065
FSC License No: IS10000020