How Credit Life Cover Works

Security for your loan.

It acts as security for your loan, such as a home loan, and provides:

• Death cover, for the outstanding balance of the loan
• Permanent disability cover, for the outstanding balance of the loan
• Temporary disability cover, for the loan instalments for a period of 12 months, or alternatively to the end of the loan term, or until recovery of the life insured
• Retrenchment cover, for the loan instalments for a period of 12 months, or alternatively to the end of the loan term, or until new employment has been found. This benefit does not apply if the life insured is self-employed