About Payment Shield Insurance

Currently a subsidiary of Europe’s largest insurance broker firm, Towergate, Payment Shield offers a comprehensive range of general insurance products which are simple yet offer complete customer satisfaction. All the products and services of Payment Shield are sold through independent financial intermediaries. Payment Shield are also the appointed representatives of the network which offers the advantage of simple yet technically sound IT solutions, competitive products and highly profitable commission levels. Since its inception on 1992, Payment shield has prided itself in delivering consistent world class customer service and efficient policy servicing through a staff of over 300 employees.

Payment shield offers general insurance products at par with mortgage payment protection and buildings & content cover.

Mortgage being one of the most important financial commitments, Payment Shield has introduced independent mortgage payment protection insurance scheme which helps paying the mortgage premiums up to 24 months in case of unemployment or critical illness. The scheme provides the cover for both employed and self employed personal along with a reduced cost for disability only cover and one can also choose the amount of monthly benefit required to protect the premium and other insurance payments.

Buildings & contents plan protects the physical structure of the house along with their personal belongings and household contents in case of a national disaster, a theft or an unavoidable accident thereby providing security and peace of mind to the customer. The cover also helps the customer to protect the legal rights in case of being the owner or occupier.

Payment Shield also offers landlords buildings & contents offer which is specifically designed for customers who rent their properties under a single tenant agreement. It offers a household insurance plan which secures the legal liabilities of the owner.