We recognize that standard insurance does not work for everyone. That's why our insurance offers simple, clear, and transparent solutions that give you more time to live with peace of mind. Enjoy insurance you can truly rely on and live comfortably.

Salary Protection Insurance

Protecção de prestações

  • What you get

    Definition:

    Salary Protection Insurance protects the Policyholder in the event of involuntary job loss due to operational reasons, adverse business conditions, the implementation of new technology, or company/business restructuring. The insurance also provides cover in the event of the Policyholder’s premature death. It offers financial protection to the Policyholder, their family members, or dependents in unforeseen circumstances.

  • What you need to know

    Benefits:

    • In the event of the Policyholder’s death, Sanlam will pay the selected insured amount to the beneficiaries designated at the start of the insurance contract.
    • In the event of involuntary unemployment, Sanlam will pay the Policyholder the insured amount selected at the start of the insurance contract.

  • How to apply

    Eligibility Requirements:

    • Must be employed by an employer (salaried employee).
    • Must be between 18 and 65 years of age.
    • Must be a permanent resident of the Republic of Mozambique.
    • Must hold a Salary Account with Absa Bank.

Protection of Payments

Protecção de prestações

  • What you get

    Insurance Coverage:

    The policy covers risks associated with death, total permanent disability, total temporary disability, and involuntary unemployment.

  • What you need to know

    Benefits:

    Policy Benefits:

    • In the event of death or permanent disability: Settlement of the outstanding balance on your personal loan.
    • In cases of temporary disability or involuntary unemployment: Coverage of the monthly loan obligations for a defined period.
       

    Additional Benefit: 

    • Payment of an emergency amount to the beneficiary in the event of the insured person’s death.

  • How to apply

    Requirements:
    • Personal Data: Required for risk assessment and policy underwriting.
    • Professional Information: Relevant for involuntary unemployment coverage.
    • Loan Details: Information related to the personal loan with Absa Bank Mozambique.

Mortgage Credit Protection

Protecção de prestações

  • What you get

    Insurance Coverage:

    The policy covers risks associated with death, total permanent disability, total temporary disability, and involuntary unemployment.

  • What you need to know

    Insurance Coverage:

    • Death and Permanent Disability: Coverage of the remaining balance on the mortgage loan in the event of death or total permanent disability.
    • Temporary Disability and Involuntary Unemployment: Coverage of the monthly loan obligations during periods of total temporary disability or involuntary unemployment.

  • How to apply

    Requirements:
    • Personal Information: Essential for risk assessment and policy underwriting.
    • Employment Details: Fundamental to determine eligibility and the extent of coverage.
    • Loan Information: Details of the mortgage loan with Absa Bank Mozambique.

Please contact the bank for further information and details on how to enroll in the insurance scheme.

Email: Seguros.mz@absa.africa