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Loan Protection Plan
Have a personal loan, overdraft, revolving credit plan or student loan? Insure your outstanding balance with a loan protection plan.
Some of the benefits
Additional Benefit
Get minimum cover of R40 000 when you claim regardless of your outstanding balance in the event of death, permanent disability or dread disease
Full settlement
Settle your outstanding balance in the event of death, dread disease or permanent disability
Financial support
Insure you outstanding balance for up to R 300 000
Reducing premiums
Pay less every month as your outstanding balance reduces
What’s covered
- Additional cover of R40 000 in the event of death, permanent disability or dread disease
- Up to 18 month's instalments if you're retrenched
- Up to 12 months' instalments if you're temporarily disabled
- Your outstanding balance is settled up to R 300 000 in the event of death, permanent disability or dread disease
Underwritten by Liberty Group.
Personal loan protection plan terms and conditions
Debt protection plan terms and conditions
Mandatory Personal Loan Protection Plan
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
Exclusions
- There’s a 12 month waiting period for retrenchment cover
- Cover for retrenchment, dread disease, temporary disability and permanent disability ends at age 65
- Death cover ends at age 75
- Suicide is excluded for the first 24 months of the policy
- Pre-existing medical conditions from the last 12 months aren’t covered for the first 12 months
What it costs
- An administration charge of R4.00 is levied to maintain the policy.
- Premiums are calculated monthly on your outstanding balance
- Your premium decreases as the balance of what you owe decreases
- 40% discount applies to the rate for the younger person insured in joint life policies
How to claim
- Call us on 0860 123 999
- Or speak to us at your nearest branch
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What’s covered
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Exclusions
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What it costs
-
How to claim
- Additional cover of R40 000 in the event of death, permanent disability or dread disease
- Up to 18 month's instalments if you're retrenched
- Up to 12 months' instalments if you're temporarily disabled
- Your outstanding balance is settled up to R 300 000 in the event of death, permanent disability or dread disease
Underwritten by Liberty Group.
Personal loan protection plan terms and conditions
Debt protection plan terms and conditions
Mandatory Personal Loan Protection Plan
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
- There’s a 12 month waiting period for retrenchment cover
- Cover for retrenchment, dread disease, temporary disability and permanent disability ends at age 65
- Death cover ends at age 75
- Suicide is excluded for the first 24 months of the policy
- Pre-existing medical conditions from the last 12 months aren’t covered for the first 12 months
- An administration charge of R4.00 is levied to maintain the policy.
- Premiums are calculated monthly on your outstanding balance
- Your premium decreases as the balance of what you owe decreases
- 40% discount applies to the rate for the younger person insured in joint life policies
- Call us on 0860 123 999
- Or speak to us at your nearest branch
Learn more
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We also offer
Credit card protection plan
Take the stress out of using your credit card, knowing that what you owe is covered in the event of death, disability, dread disease or retrenchment.
Home loan protection plan
If something happens and you can’t keep paying your bond, you can still protect your home and family with the right cover.