Protection linked to an eligible credit agreement
Credit life insurance may help settle an outstanding balance or meet repayments following an insured event. Your quotation and policy wording explain who is eligible, what is insured and how a claim is assessed.
Different events. Different benefits.
Death and disability benefits may settle an insured balance or support repayments, depending on the product. Retrenchment or loss-of-income benefits, where included and applicable, may cover repayments for a limited period. Not every benefit settles the entire debt.
Read the detail before you decide
Compare the premium and rating basis, benefit limits, exclusions, waiting periods and any conditions. Ask how cover changes as your credit balance changes, who pays the premium and when cover begins.