Credit Contract Indemnity
Borrowing money (credit) has never been more freely available than it is today. It enables us to make choices, to buy the things we want, when we want, and to enjoy life. When you borrow money you enter into an agreement to repay it back at a certain rate and over a certain period. However, things can change over time and whilst you may be fit and healthy today, with steady income and a secure future, unexpected events can very quickly change your situation.
Credit Contract Indemnity covers you and your family in the event of you suffering financial loss as a result of you being off work due to accident, illness, redundancy, suspension, business interruption, bankruptcy or hospitalisation. It also has a life-cover benefit to pay the outstanding balance of your credit contract in the event of death.
With Credit Contract Indemnity you can relax knowing the money you borrow today can be repaid should the unexpected happen in the future.
For full details of the Credit Contract Indemnity policy please refer to the Policy Booklet wording.