Credit Card Protection pays the minimum repayment or a percentage of the credit card balance following involuntary unemployment, accident or illness. In addition, in the event of death, critical illness or disability the outstanding balance will be paid.
Many customers worry about how they would cope with credit card repayments if they found themselves unable to work.
Credit Card Protection pays a percentage of the customer’s card balance – each month for up to 12 months or until they return to work, whichever is earlier – in the event of:
Permanent Total Disability
And we pay off the outstanding balance in the event of:
Protects and enhances your relationship with your customer
Multiple product holdings build loyalty
Builds caring brand perception
Cross-sales & incremental revenue opportunity.
Customers no longer have to worry about paying their credit card bill if the worst happens and can focus on recovering or finding a new job
Helps to safeguard their credit rating
Premiums are tailored fairly to your customer’s balance each month.