Mortgage Protection Plan

A loan protection plan that covers you against the unfortunate event of death during the loan repayment period.   

Benefits include:

  • Provides cover for any outstanding loan in case of death of a customer within the period of repayment of a mortgage loan. Reduced
  • Full sum assured or reduced sum assured payable on death depending on outstanding loan.
  • No survival benefit.
  • The frequency of premium payment is either Annual or Single.

Who purchases this cover?

Borrowers who require collateral security for a loan. Also lenders and institutions requiring assurance that loan facility will be repaid.

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.