SettleMyBond was built on a simple belief: no South African family should lose their home because they couldn't afford the bank's overpriced bond protection insurance.
When South Africans take out a home loan, their bank almost always bundles in bond protection insurance - and most people sign up without realising they're paying a significant premium for coverage that's often less comprehensive than alternatives.
Under the National Credit Act, banks cannot legally require you to use their insurance product. You have the right to choose any insurer that meets minimum coverage requirements. Yet very few homeowners know this.
SettleMyBond was created to change that. We offer the same protection - death, disability, and retrenchment cover - at up to 40% less than what the major banks charge, underwritten by one of South Africa's most trusted financial institutions.
Banks charge premium rates for cover that often includes restrictive exclusions, rising costs over time, and complex claims processes.
Most homeowners don't know the NCA gives them the right to switch. Banks aren't incentivised to share this information.
Transparent pricing, bluechip underwriter backing, 48-hour death claim payout, and a simple online process - all at significantly lower premiums.
Every policy issued through SettleMyBond is underwritten by a leading AA+-rated South African insurer - giving you bluechip financial security behind your cover.
A leading AA+-rated South African insurer manages large-scale insurance risk and holds the reserves to pay claims - regardless of market conditions. Your payout is guaranteed.
Regulated by both the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), with all policies governed by South African insurance law.
Our underwriting partner has paid claims through recessions, currency crises, and every South African economic cycle for over a century. Claims are never in doubt.
SettleMyBond.co.za is operated by FSSSA (FSP: 49967), a dedicated financial services company focused on making bond protection insurance accessible to all South African homeowners.
FSSSA operates under full FSCA and Prudential Authority oversight, ensuring your protection at every step.
We're built around customer needs, not bank profits. Every decision prioritises transparency and affordability.
FSSSA's mission: To provide South African homeowners with honest, affordable bond protection insurance backed by one of the country's most trusted underwriters.
By operating independently from the banking system, FSSSA avoids the conflicts of interest that inflate bank cover costs. We exist to give you genuinely better options.
FSP Number: 49967
Financial Services Provider authorized to offer intermediary services under the FAIS Act.
If you pass away, your outstanding bond balance is paid off in full - within 48 hours of acceptance of a valid death claim. Your family keeps the home, debt-free.
Learn more →If a permanent disability prevents you from earning an income, your instalments are paid for the first 24 months, then a lump sum equal to your sum assured is paid into your bond account. Temporary disability cover (when you are booked off for more than 90 consecutive days) pays your monthly instalment for up to 24 months until you recover.
Learn more →If you're retrenched under Section 189 or 189A of the Labour Relations Act, your bond repayments are covered for 6 or 12 months (your choice) while you find new employment.
Learn more →No hidden fees. You see exactly what you pay and exactly what's covered before you sign anything.
We pay valid death claims within 48 hours of acceptance - because your family shouldn't wait weeks for the protection they've paid for.
Get fully covered with just a short questionnaire - no blood tests, no doctor visits, no delays.
Your personal data is handled in full compliance with the Protection of Personal Information Act. We never sell your data.
SettleMyBond.co.za is an authorised financial services provider operating under the Financial Advisory and Intermediary Services Act (FAIS).
All bond protection insurance products are underwritten by a leading AA+-rated South African insurer, a registered long-term insurer regulated by the Prudential Authority and the Financial Sector Conduct Authority (FSCA).
This website does not constitute financial advice. We recommend you read your policy schedule in full before signing.
Get a no-obligation quote in under 2 minutes. No medical exam. Backed by a leading AA+-rated South African insurer.
No commitment. No medical exam. Up to 40% cheaper than your bank.