24th May, 2017  | Contact us
Need more information
Print this page
Mortgage Protection Assurance (Morecare)
Bookmark and Share

Mortgage Protection Assurance

This is a life assurance policy used in connection with a loan or mortgage. At any point in time the sum assured payable on this policy is the outstanding loan balance (capital plus interest). If death occurs before the loan is fully repaid, the loan balance will be paid by this policy.

In essence, this assurance policy has the effect of protecting the mortgaged property from being taken over or auctioned by the lender in order to recoup the loan balance.


This is a policy that guarantees security of ownership and rest of mind to the borrower (mortgagor).

About Us | Products & Services | Policy Holder Login | Broker/Agent Login | Career @ IGI | Claim Center | Investor Relations | Contact us | Staff Mail | IES Online

Copyright 2016 Industrial & General Insurance (IGI) Plc. All Rights Reserved.

iginigeria.com is the source of information about and access to insurance services provided by Industrial & General Insurance (IGI) Plc.

Head Office: IGI House, No 2, Agoro Odiyan, off Adeola Odeku, Victoria Island, Lagos, Nigeria.

Authorised and regulated by the National Insurance Commission. RIC No - 018