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Loan Protection Plan

PER Insurance Loan Protection Plan Product Detail

Have a personal loan, overdraft, revolving credit plan or student loan? Insure your outstanding balance with a loan protection plan.

 

 

 

Some of the benefits

Minimum benefit

Get minimum cover of R20 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
  • Up to 12 months’ instalments if you’re retrenched or temporarily disabled.
  • Your outstanding balance is settled in full in the event of death, dread disease or permanent disability.
  • A minimum cover of R20 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

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
  • Minimum premium of R4 per 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
  • What’s covered
  • Exclusions
  • What it costs
  • How to claim
  • Up to 12 months’ instalments if you’re retrenched or temporarily disabled.
  • Your outstanding balance is settled in full in the event of death, dread disease or permanent disability.
  • A minimum cover of R20 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

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
  • Minimum premium of R4 per 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
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