WHAT WE OFFER

Finally gotten your dream house or acquired a mortgage to own your dream house. Perhaps you’re indebted financially with your property as collateral, we trust you have plans to pay up. But what if you can’t? What if you fall ill or you’re unable to pay it all up before your pass away? Does your family have to go homeless? Not with Leadway Mortgage Protection plan. We will help your family keep the property by paying off the balance of the loan (without interest) as at time of death or illness (optional). Be rest assured of protection when you sign up for our mortgage protection plan.

DETAILS

The policy covers death and can be extended to cover critical illness, total and permanent disability resulting from an accident.

Outstanding loan are based on reducing principal balance method.

The policy covers the outstanding loan balance as at the date of death. Arrears prior to death are not covered.

Mortgage Protection Policies are normally requirements of lenders to enhance the credit risk of a loan transaction. It repays the bank the outstanding principal following the death of the person who borrowed the mortgage.

BENEFITS

Reducing balance depreciation is a method of calculating depreciation over a period of time whereby a mortgagor who is paying back a loan over the set period of time does the payment at a reducing rate with every amount paid back.

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CLAIMS PROCESS

Registration: Notify us of the claim via or click register your claim online here*

Documentation: Upload all necessary documents depending on the kind of claim it is.

Processing: Claim is received and processed.

Settlement: Claim is settled on confirmation.

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WHY LEADWAY?

Capacity to pay claims: In the past five years we have paid over N92 billion in claims. Solid financial reputation: With an asset base of over N270 billion, we remain Nigeria’s strongest insurer. Easy Claims Settlement: We tell no stories when you make claims, we pay imediately your claim is verified. Customer Care: Our customer service representatives are always available to attend to your inquiries.