Loan protection policy - An insurance policy in which the insured pays regular premiums in return for insurance against being unable to repay a loan due to accident, sickness or unemployment. In such an event the policy pays a benefit to assist the insured in making the repayments.
Loan protection policy : an insurance policy in which the insured pays regular premiums in return for insurance against being unable to repay a loan due to accident, sickness or unemployment. in such an event the policy pays a benefit to assist the insured in making the repayments.
Loan protection policy