Housing Authority Pays Out $396,000

The Housing Authority of Fiji has paid out a total of $396,000 this year to its customers for claims under the Mortgage Protection Insurance Cover.

The payout, which spans from January 2020 to the present, is paid under the health insurance cover which goes along with the mortgage protection policy that was introduced in 2008.

The policy was introduced when the Housing Authority noted an increase in cardiac and cancer cases among its homeowners.

According to the authority, their customers have been able to get health treatment in India and returned with successful treatments.

“Over the years, we have continued to upgrade and add more value to the cover without additional cost, as a way of giving back to our valued customers,” the authority said.

“The whole objective of this mortgage protection insurance is to cover for mortgage in an event of total permanent disability or death of one homeowner.”

Since its inception to date, 52 homeowners have had successful medical treatment overseas.

“In today’s world it is important that people understand the importance of products and services. As the world evolves into a digital market phase, it is crucial that customers are updated thoroughly on the matters that surround the economy.

“Housing Authority in this case has been a major player in the housing market and continues to assist citizens of Fiji, own affordable homes. While most people know that Housing Authority is one of the biggest landlords in Fiji, a good number of those people do not know that we provide much more than that”.