28/10/2023
With Hollard you can get affordable life cover rates,this policy can be ceded to the Bank and cover starts from P40 000 to P15 million.That is,it can be used as security for a loan,such as mortgage loan.Upon death of the policy holder,your family shall be protected from financial burdens,as any amount that is still outstanding on your loan balance will be paid and the balance paid as lump sum to your beneficiary(Lerako life cover).It doesn't end there,for small Amount of premiums,you can add Dread disease,Disability and unemployment and pregnancy Rider to the Main policy..that is if it happens that you suffer a dread disease like cancer,you can be covered from P40 000 to 7.5 million..we are saying with permanent Disability Rider,you can be covered from P40000 to P15 million,should you suffer permanent disability,is that not Amazing.....
MPEPU LIFE COVER: Mpepu offers the same conditions as Lerako life cover but the difference is that Mpepu is decreasing term policy,that is the cover amount decreases in direct proportion to the debt and if the Policy Holder dies,only the outstanding amount on the debt will be paid to the Bank or the lending institution and no balance is paid to the family.there is no waiting period on Mpepu but there is a 12 months waiting period on Lerako life cover for unemployment and pregnancy benefits..