Loan Cover+ is a financial safety net designed to help you stay on track with your loan repayments during illness, injury, or unexpected life disruptions.
When your income is affected, your commitments don’t stop — Loan Cover+ ensures your loan obligations remain manageable during difficult times.
Why Loan Cover+ Matters
Loans are long-term financial commitments — whether for:
Home financing
Car loans
Personal financing
Business financing
But unexpected events such as illness, accidents, or temporary disability can disrupt your income and create financial strain.
Loan Cover+ acts as a buffer, helping you maintain stability while you recover.
Without protection, missed repayments may lead to:
Late payment charges
Late payment charges
Late payment charges
Increased financial stress
Increased financial stress
Increased financial stress
Risk of asset repossession
Risk of asset repossession
Risk of asset repossession
Impacted credit record
Impacted credit record
Impacted credit record
How Loan Cover+ Works
Loan Cover+ provides financial support when predefined events affect your ability to earn income.
01
Choose Your Coverage
Select a coverage amount aligned with your loan commitments and financial responsibilities.
01
Choose Your Coverage
Select a coverage amount aligned with your loan commitments and financial responsibilities.
01
Choose Your Coverage
Select a coverage amount aligned with your loan commitments and financial responsibilities.
02
Stay Protected
Your policy remains active during the coverage period as long as premiums are maintained.
02
Stay Protected
Your policy remains active during the coverage period as long as premiums are maintained.
02
Stay Protected
Your policy remains active during the coverage period as long as premiums are maintained.
03
Trigger Event Occurs
If you experience a covered event such as: Hospitalisation, Temporary disability, Critical illness, Accidental, injury ~ You may submit a claim.
03
Trigger Event Occurs
If you experience a covered event such as: Hospitalisation, Temporary disability, Critical illness, Accidental, injury ~ You may submit a claim.
03
Trigger Event Occurs
If you experience a covered event such as: Hospitalisation, Temporary disability, Critical illness, Accidental, injury ~ You may submit a claim.
04
Receive Financial Support
Upon approval, the payout helps cover your loan repayments for a specified duration or provides a lump-sum benefit — depending on your selected plan.
04
Receive Financial Support
Upon approval, the payout helps cover your loan repayments for a specified duration or provides a lump-sum benefit — depending on your selected plan.
04
Receive Financial Support
Upon approval, the payout helps cover your loan repayments for a specified duration or provides a lump-sum benefit — depending on your selected plan.
What Loan Cover+ Can Cover
Core Protection
Hospitalisation Benefit — Support during extended hospital stays
Temporary Disability Coverage — Assistance when you are unable to work temporarily
Accidental Injury Protection — Coverage for unexpected accidents
Critical Illness Support — Lump sum benefit upon diagnosis (if included in plan)
Optional Add-Ons
Job loss support (subject to terms)
Extended repayment coverage period
Higher benefit limits
Coverage scope depends on the selected plan and policy terms.
Key Benefits of Loan Cover+
Protects Your Credit Standing
Avoid missed repayment penalties
Protects Your Credit Standing
Avoid missed repayment penalties
Protects Your Credit Standing
Avoid missed repayment penalties
Reduces Financial Stress
Focus on recovery instead of financial pressure
Reduces Financial Stress
Focus on recovery instead of financial pressure
Reduces Financial Stress
Focus on recovery instead of financial pressure
Safeguards Your Assets
Protect your home, car, or financed assets
Safeguards Your Assets
Protect your home, car, or financed assets
Safeguards Your Assets
Protect your home, car, or financed assets
Flexible Plans
Tailored to different loan sizes and financial needs
Flexible Plans
Tailored to different loan sizes and financial needs
Flexible Plans
Tailored to different loan sizes and financial needs
