Product Information

What you're covered for :

• ACCIDENTAL DEATH -   On accidental death between bond grant and bond registration, where this option is selected, the granted bond amount, plus an additional 7.5% of the granted bond amount (to assist with costs) will be paid. This is free cover, for which a premium will not be charged. Premiums will only begin being deducted after bond registration.
• IN THE EVENT OF DEATH  - if your death is a result of illness or accident, the outstanding bond amount, as detailed in the policy,  will be paid. This benefit is available world wide and to non-residents of South Africa, who have purchased a property in South Africa.
• DREAD DISEASE - If a client is diagnosed with any one of 15 dread diseases, prior to their 60th birthday, the outstanding cover in terms of the policy will be paid.
  The diseases covered are:
  Heart attack, stroke, cancer, renal failure, paraplegia, blindness, surgery for coronary heart disease, surgery for disease of the aorta, replacement of a heart valve, organ transplant, coma, major burns, multiple sclerosis, alzheimer's disease, motor neuron disease.
• TEMPORARY DISABILITY -  Should you suffer an illness or accident and be temporarily disabled, after 3 months of continued disablement, your monthly repayments will be taken care of until you can return to work, or for a maximum of 12 months from the date of disability.  If still deemed disabled thereafter, the permanent disability benefit will apply.
• PERMANENT DISABILITY - should you become permanently disabled on or after the date of bond registration,  the policy will provide for the full outstanding bond amount to be paid.
• RETRENCHMENT - your bond repayments will be covered for 6 months.  This benefit will commence after 3 months of continuous unemployment due to retrenchment.  (This option is not available to self-employed individuals). 
• PREMIUM WAIVER - Whilst you are in receipt of a temporarily disablement benefit or a retrenchment benefit, your premiums to your Bond Protector Plan policy will be waived.
• JOINT LIVES - The bond protection cover can be extended, on the same policy, to your partner at a discounted premium.
• COMMENCEMENT DATE - You can elect to commence the policy either at bond grant or bond registration date.

The oobainsure Bond Protector Plan offers :

• Peace of mind for you and your dependants, in the case of unforeseen financial difficulty.
• Competitive premiums.
• Clear policy wording.
• An efficient claims service that pays out quickly and painlessly.
• Value-added benefits.

** Terms and conditions apply. In the event of any discrepancy between this summary and the policy, the policy document will prevail.