Loan Protection

Loan protection is a type of insurance designed to help borrowers cover their loan repayments if they experience unexpected financial difficulties, such as job loss, illness, or disability. This coverage ensures that loan payments continue to be made even if the borrower is unable to meet their obligations, reducing the risk of default and financial strain. Loan protection can be particularly useful for mortgages, personal loans, and car loans, offering peace of mind and financial stability during uncertain times.