It is always important to make sure that you are finically covered and with an array of loan insurance options currently in the market, consumers can contact these companies to discuss their needs and what solutions they propose.
One company that we found to have a great personal loan insurance option is Nedbank and they will cover you for up to R120 000 if you do pass away.
They will also pay your monthly instalments if you do become disabled and thus gives you the protection and peace of mind, if you aren't able to work anymore. We suggest you do read through their terms and conditions very carefully and visit their website for more information on their personal loan insurance options.
These days you have to stay on top of all the coverage available to you and specifically with personal loans, since you do not want to burden your loved ones, in case something do happens. That is why we salute the loan companies that do offer this service, since they not only provide loan services, but also protection in case something does happens.
There are quite a few new and older companies in South Africa that do offer insurance options on personal loans, so we will be looking at all of them and giving you the best possible reviews in the coming months.