Credit Card Protection Plan
Pay off your outstanding credit card debt when things don't go according to plan

Credit Card Protection Plan

Safety and protection

Cover yourself

Financial freedom

No medical examination is required and you are covered in the event of the following:

Death

  • The outstanding balance on your credit card, will be settled in full up to a maximum of R120 000.

Dread Disease

  • The outstanding balance on your credit card, will be settled in full up to a maximum of R120 000

Disability

  • Settlement of the outstanding balance on at the time of becoming permanently disabled

Double Accident

  • In the event of accidental death, double benefits will be paid up to a maximum of R120 000.
  • One amount will be used to settle the outstanding balance on the account and an equivalent amount will be paid to your estate.

Retrenchments

  • The minimum monthly repayment of the amount owing on your credit card will be paid for for up to six months.
  • The Credit Card Insurance premium will be waived for six months.

Death

  • Death cover ceases at age 75, except for accidental death which ceases at age 65.

Retrenchments

  • There is a six-month waiting period for retrenchment cover.
  • Cover ceases at age 65. This benefit does not apply to the secondary cardholder.

Exclusions

  • Pre-existing conditions for the past 12 months are excluded for the first 12 months
  • Suicide is excluded within the first 24 months of the policy

Double Accident

  • This benefit does not apply to the secondary cardholder.

Dread Disease

  • The main insured (policyholder) is diagnosed with a dread disease that is not excluded from the policy
  • Cover ceases at age 65 and when this benefit has been paid.

Premiums

  • The premium is based on a rate of R3.68 for each R1 000 of your monthly outstanding balance which is debited directly from your credit card.
  • A monthly policy fee of R4 will be applicable.

Disability

  • Cover ceases at age 65. This benefit does not apply to the secondary cardholder.
  • Covers up to a maximum of R120 000

How do I get credit card protection plan?

  1. 1. Apply online for credit card protection plan:

    Get Quotes
  2. 2. Complete a Call me back and a consultant will call you

    Call Me Back
  3. 3. Call the credit card protection plan contact center for assistance

    0860 123 999
Standard Bank Insurance Brokers (Pty) Ltd (“SBIB”) is an authorised financial services provider FSP 224. SBIB is a group company of The Standard Bank of South Africa Limited (Reg. No. 1962/000738/06), an authorised financial services and registered credit provider (NCRCP15). Moving Forward is a trademark of The Standard Bank of South Africa Limited.