Category: South Africa / Insurance / Life Insurance / Credit Life Insurance

 

Credit Life Insurance

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Credit Life Insurance takes care of any outstanding debt the policy holder may leave behind.

1Life Credit - Credit Life Insurance:

• will, in the event of your death, pay out the outstanding capital on a short or long term debt (such as on a car or home) to your loan provider;
   

• is a decreasing sum assured product which means that the pay out amount decreases in direct correlation to the repayment you make on your loan;
   

• includes occupation-based disablement cover as well as dread disease cover;
   

• is valid 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;
   

• covers you immediately;
   

• Credit Life Insurance will 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.

Complete the following form for a quote or call 0860 10 53 30

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