Your Bank Grants You a Home Loan. Let Momentum Protect It.
When securing a mortgage, your bank may require additional protection—commonly referred to as credit life insurance—to ensure your mortgage repayments are covered. Our bond protection solution is accepted by all major banks in Namibia.
The outstanding mortgage amount in case of critical illness, disability, or death.
Your monthly mortgage repayments for up to 12 months in the event of loss of income due to temporary disability or retrenchment.
Momentum’s Homeloan Protector ensures peace of mind by paying the full benefit amount as a lump sum if you become disabled or functionally impaired due to injury or illness. In the event of retrenchment, Momentum will provide a lump sum payment of 4% of the benefit amount after three months of continuous unemployment.
When you specify a future start date on your policy and include the Homeloan Protector, Momentum offers full benefit coverage, capped at N$3 million. This coverage applies to both the Homeloan Protector and the attached Death Benefit, providing robust financial security for your home loan.
Enhance your existing Death Benefit without needing to provide evidence of insurability or good health, though an HIV test is required. This feature allows you to increase your coverage seamlessly, ensuring you have the ultimate protection when purchasing a home.
The Homeloan Protector, part of the Homeloan Package, must be paired with a Death Benefit and match the Death Benefit amount, adhering to maximum benefit limits. Momentum will disburse the claimed amount as a lump sum if the insured person becomes disabled, functionally impaired, or contracts a critical illness.
Occupational Disability
If a physical injury or illness renders you totally and permanently unable to perform your job duties, Momentum covers you up to the policy anniversary before your 65th birthday.
Functional Impairment
A medical impairment diagnosed by a specialist occurring after the benefit start date is covered up to the policy anniversary before your 70th birthday. This impairment does not need to be linked to your ability to perform job duties.
Critical Illness
Coverage is provided if you meet the criteria for one of the defined critical illness claim events.
Retrenchment
If you lose your job due to operational requirements—such as economic, technological, or structural changes—Momentum will support you through this challenging time.
The Ultimate Protection When You Buy a Home
Ensure your home is secure with Momentum’s Homeloan Protector, offering extensive coverage and peace of mind for every homeowner.
Find the right life insurance cover option for your specific needs. Our range of life insurance solutions offer choice and flexibility to suit your current life stage.
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