Insurance Agency (1996) Ltd. Ir Shalem

Ir Shalem Insurance Agency Ltd. is a wholly owned subsidiary of Bank of Jerusalem (“the Bank”). The agency specializes in home loan insurance for the Bank’s customers, covering both life insurance and home insurance.

Ir Shalem provides Bank of Jerusalem customers with a unique insurance process that includes an immediate coverage letter, saving both time and unnecessary costs. In this process, the commencement of the policy (and collection of insurance premiums) only takes place after the customer has actually secured the loan.
Ir Shalem offers professional, attentive, and rapid service to policyholders all over Israel and worldwide.

What is mortgage insurance?

When you receive a mortgage from Bank of Jerusalem, you are required to purchase two types of insurance (life and home insurance). These will be used as collateral to guarantee mortgage payments in the event of the death of a policyholder or damage to the insured property.

• Life Insurance – Provides security to the policyholders and their family in the event that one of the policyholders passes away. In such a case, the insurance company will clear the balance of the mortgage.
• Home Insurance – Covers the cost of repairs to the home that are necessary due to water, fire, storm, flood, earthquake, and other damage, subject to the amount of coverage and the policy terms.
  Mortgage holders may purchase these policies through any insurance company or directly though Ir Shalem Insurance Agency, part of the Bank of Jerusalem Group.

Advantages of Obtaining Mortgage Insurance from Ir Shalem:

• Expertise & Professionalism – We exclusively handle mortgage insurance (life and home insurance), so this is our specialty!
• Excellent service from our experienced, considerate team.
• Unique benefit for Bank of Jerusalem customers – insurance premiums are only charged after you have received the mortgage.
• It’s easy to take out an insurance policy by phone, via a quick and efficient process.