AXA Credit Protection products help protect your customer’s financial commitments in the event that they are unable to work due to illness or involuntary unemployment.
Many customers with a personal loan worry about managing their family’s finances in the event that they can’t work.
Our Personal Loan Protection funds 100% of monthly personal loan payments – for up to 12 months in any one claim – in the event of:
And we pay off the outstanding balance in the event of:
Permanent Total Disability
Protects and enhances your relationship with your customer
Multiple product holdings build loyalty
Builds caring brand perception
Cross-sales & incremental revenue opportunity
Pays a customer’s loan repayment if they can’t work
Their loan repayments become the one thing they don’t have to worry about
Your customer can concentrate on finding a new job or getting better
We pay off their balance in the event of death, critical illness or total permanent disability
Personal Loan Protection helps safeguard their credit rating
Many customers with a car loan worry about managing their loan repayments if they can’t work.
Our Auto Loan Protection funds 100% of monthly car loan payments – for up to 12 months or until they return to work, whichever is earlier – in the event of:
And Auto Loan Protection pays off the outstanding balance in the event of:
Cross-sales & incremental revenue opportunity.
Able to concentrate on finding new job or recovering, rather than worrying about losing their car
Greater confidence that they can meet their loan repayments and keep their car
By avoiding defaulting on car repayments, your customer can safeguard their credit rating.
Death or prolonged illness of a key employee can put a business under financial strain. This can mean business owners need to use their own personal savings or other assets to help pay off the company's outstanding business loans.
Commercial Loan Payment Protection protects you and your business against the risk of being unable to make your commercial loan repayments. It protects of up to four named people in the event of:
Helps manage capital needs by reducing the frequency and severity of delinquency on loan portfolios
Builds loyalty through helping a business to continue during a difficult time
Broad customer appeal especially across small to medium sized enterprises
Offers cross-sell opportunities
Easy to sell and helps differentiate your core loan offering
Additional income stream from unprotected customer base.
Funds monthly loan repayments if a key staff member is unable to work
Means the business can continue to benefit from the investment funded by the loan during these tough times
Protects your customer’s family if they have given personal guarantees
Protects business credit status and avoids arrears.