Credit Life Cover
The last thing you want to do is to leave debts behind that your family will have to pay off, that’s why Credit Life Cover takes care of any outstanding debts.
This policy offers:
- immediate cover
- a pay out of the outstanding capital on a short or long-term debt (such as on a car or home) to your loan provider
- a decreasing sum assured product which means that the pay-out amount decreases as the loan is repaid
- occupation-based disablement cover as well as dread disease cover
- validity for the whole loan contract period or outstanding period (if you start the life policy after you took your loan) or until a disablement,
- death or dread disease claim is made and paid out
- a pay-out up to R20 000 per month (for up to 6 months) to cover your long or short-term loan instalments if you become retrenched.
Please click here to open the 1st for Women product brochure in PDF format