Business Loan Protection
Business Loan Protection provides a lump sum benefit equivalent to the outstanding business loan payable to the bank in the event of your death or disability. It is a loan protection cover that ensures that the financial security of your family and job security of your staff will be protected.
What does it offer my business?
Cover against death & disability
A maximum benefit payable free of medical tests or underwriting of M600 000
The benefit term is up to the age of 65 (inclusive) of Disability benefits
The benefit term is up to the age of 75 (inclusive) of Death benefits
Cover will commence immediately upon receipt of the first premium
No waiting period
What do I need to apply?
You need to have an active transactional account with Standard Lesotho Bank.
For further information, speak to your Business Banker on +266 2221 2221/2. You can also email [email protected].