Bond protection insurance - also called home loan protection cover - ensures your family never loses their home if you pass away, become disabled, or are retrenched. Here's exactly how it works.
Calculate Your SavingsA home loan is typically the largest financial commitment most South Africans will ever make - often stretching 20 years or more. Bond protection insurance is a policy designed to settle that commitment if something happens to you before it's paid off.
Without cover, your family could face the devastating prospect of losing their home through no fault of their own - simply because the breadwinner passed away, became disabled, or was retrenched. Bond protection insurance eliminates that risk entirely.
SettleMyBond provides this cover - not through your bank, but independently, through A leading AA+-rated South African insurer. This means the same comprehensive protection at up to 40% less than what your bank charges - and with a 48-hour death claim payout guarantee.
If the policyholder passes away, the full outstanding bond balance is settled in one payment. Your family keeps their home - completely debt-free.
Learn more →If permanent disability prevents you from working, your bond repayments are covered. Your family's home is protected even when your income stops.
Learn more →If you're retrenched, your monthly bond instalments are covered for a defined period - giving you time to secure new employment without risking your home.
Learn more →Fill in your name, contact number, and bond amount. No medical exam, no doctor visits, no lengthy paperwork. Our streamlined application gets you a quote immediately.
Your premium is calculated based on your bond amount and personal profile. Most Durban, Cape Town, and Johannesburg homeowners pay between R180 and R350 per month for comprehensive cover.
Once accepted, your a leading AA+-rated South African insurer-backed policy is active. You receive your policy documents electronically. If switching from bank cover, we guide you through cancelling the old policy.
If you pass away, your family submits a death claim. Once it is accepted, the sum assured is paid within 48 hours, directly to the bond account.
Apply, get approved, and be covered without setting foot in a doctor's office.
Valid death claims are paid within 48 hours of acceptance - not weeks like bank policies.
Independent cover costs significantly less than bank-bundled policies - for identical protection.
AA+ rated, FSCA licensed. South Africa's most trusted financial institution underwrites every policy.
During the bond registration period (up to 6 months), you're already protected at no cost. If anything happens before your bond even registers at the deeds office, our underwriting partner covers the debt. You're protected from day one - even before your first instalment.
How we approve cover without any health assessment
How fast death claims are paid and what to expect
How bond insurance protects your family when you pass away
Protection if injury or illness stops you from working
How we protect your home when you lose your job
How we protect couples and co-borrowers sharing a home loan
Get comprehensive bond protection in under 2 minutes. No medical exam. No obligation. Backed by a leading AA+-rated South African insurer.
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