Group Mortgage Protection
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- Group Mortgage Protection
Preview
This is a policy that protects the Loan book of the lending institution. Under this scheme, Prudential covers the life of the borrower in that should he/she pass on from an Accident or natural cause, Prudential pays the entire outstanding loan balance plus interest as of that time.
- Group Mortgage Protection Brochure
Plan Overview
Key features of – Group Mortgage Protection
- The policy is between lending institution and Prudential
- The policy would apply to all borrowers taking out Mortages
- Members who borrow above a given threshold undergo medical examinations paid for by Prudential.
- Premium charged is a percentage of the amount of loan taken out.
Group Mortgage Protection Benefits
Loan Book Protection
The Lending Institution’s Loan book is protected from default arising from the insured events.
Asset Protection
Protects assets from repossession by the lending Financial Institution
Funeral Death Benefits
The borrower’s family is supported with last funeral expenses in case of his/her death.
Peace Of Mind
Peace of mind for both Financial Institution and borrower
Retrenchment Benefit
If option is selected, the bank will receive loan installment payments up to a maximum of 12 installments from the date the borrower gets retrenched.
Good Lending Reputation
A good reputation for the lending Institution
General Group Mortgage Protection Frequently Asked Questions
Clients Feedback
Our Clients Reviews
Centenary Bank.
Am a service provider and I have worked with so many Insurance companies but by far “The Pru”, has proved to be very prompt when it comes to payment.
IMC General Manager.
Thank you Ritah for your kindness. You really helped me when I was stuck at Doctor's hospital Sseguku. May God reward you abundantly.
Centenary Bank.
Thank you Ritah! Thank you that you do not use automated machines, but we get to speak to people like you. We appreciate Prudential, you guys have come into the market with your new thing and it is good. Medical wise we are happy with Prudential!
Centenary Bank
Thank you, Prudential, for the birthday message, I also received messages for my dependants.
Centenary Bank
Give Us A Call
0800-200-052
Send Us A Message
customercare@prudential.ug
Office Location
10th Floor, Zebra Plaza, Plot 23 Kampala Road, Kampala
Prudential Uganda is regulated by the Insurance Regulatory Authority of Uganda, whose main responsibility among others, is to ensure that insurance companies honour claims. Furthermore, Prudential Uganda is a subsidiary of Prudential plc, UK, a company that has been honouring claims for over 175 years.
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Thank you, Prudential, for your promptness on the Toll-free line and the WhatsApp group. Martha, Ritah and Elliot, thanks for the super work that you do.