Bond Protector vs Life Cover

I have issues with SA HomeLoan's Insurance its been five years since Ive been covered by them my problems started when i found out that they gave me a Bond protecter i did not understand cause i thought its a Life cover. the difference between the two is Bond protector depreciate whereas Life cover will pay the bond and what is remaining it will be given to my family. I spoke to SA Homeloans Insurance about the possibilities of cancelling their insurance and take a different one they didn't have problems with me replacing their insurance but only on one condition that the new insurance must be the same as theirs and must be in place. I approached Metropolitan and explain to them what SA Homeloans insurance wants and everything was done, and know they are saying the new one does not have Waiver of which with them they don't have. Now I'm sitting with two deductions i need to cancel SA home loans Insurance and they are saying Metropolitan does not meet their criteria. Please assist as i cannot afford to have two deductions every month. Metropolitan reference is *** and SA HomeLoan's reference is ***