Group Mortgage Insurance is a specialized insurance product designed to protect lending institutions from financial losses arising from the disability or death of the borrower.

Our Group Mortgage Insurance is tailored for lending institutions, providing affordable and essential protection against unforeseen events for both lenders and borrowers.

Scope of Coverage

Why choose our policy

Cost-Effective Solution: Specifically designed for lending institutions, our policy offers affordable protection for mortgage loans, personal loans, installment finance, overdraft facilities, and credit card usage

Streamlined Process: The lending institution acts as the policy proposer, simplifying setup and management

Easy Enrollment for Borrowers

Simple Signup: Borrowers join effortlessly by completing application forms

Direct Benefits: Benefits are paid directly to the lending institution, ensuring seamless financial operations

Comprehensive Coverage

• Wide-Ranging Protection: Covers death and permanent disability, with Cannon offsetting the outstanding loan balance, providing security for both lenders and borrowers

Tailored Coverage Options

- - - Mortgage Loans: Protection for loans used to purchase immovable property, such as homes
    - Personal Loans: Security for personal loans used for specific needs, like property purchases
    - Installment Finance: Coverage for high-value items purchased on monthly installments, such as vehicles
    - Overdraft Facilities: Protection for bank overdraft facilities offered by commercial banks
    - Credit Card Cover: Safeguarding credit card facilities provided by commercial banks or other revolving credit purchase facilities

Documents required for Onboarding

Executed scheme proposal form
Copy of certificate of incorporation/registration
Copy of KRA PIN
For business loans, the CR12 will be required

Loanee data including full names, dates of birth, ID/passport numbers, loan amounts, loan periods and interest rates

Group Mortgage Insurance

Scope of Coverage

Why choose our policy

Easy Enrollment for Borrowers

Comprehensive Coverage

Tailored Coverage Options

Documents required for Onboarding

Executed scheme proposal form

Copy of certificate of incorporation/registration

Copy of KRA PIN

For business loans, the CR12 will be required

Loanee data including full names, dates of birth, ID/passport numbers, loan amounts, loan periods and interest rates

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Proposal Forms

Claim Forms

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Nairobi Office

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