Sometimes you may need a little help repaying your debt
Sometimes you may need a little help in repaying your debt due to retrenchment, disability or other tragic events. With this cover your debt repayment will be settled while you restore your income-earning ability, and your credit rating is protected.
| Product name | Overview | Features | Benefits | Apply |
| Home loan insurance | Home protection cover for settlement of mortgage bond. A choice of three products are available:
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No medicals or HIV test, R1,5 million maximum cover Up to 3 months free death cover, Value-for-Life services (Excludes BondAssure) | Death benefit, installment protection. | Nedbank, Bondchoice, Nedbank financial planners, Betterbond, Nedbank Group Insurance. Brokers. |
| Overdraft insurance | Credit protection for the overdraft facilities of Nedbank accountholders. | Pays out in the event of death, disability and retrenchment. No medicals or HIV tests. R50 000 maximum cover. |
Death benefit. Disability. Retrenchment. |
Nedbank. |
| Personal and micro-loan insurance | Credit protection for Nedbank clients who have a personal loan facility. | Pays out in the event of death, disability and retrenchment. No medicals or HIV testing. |
Death benefit. Disability. Retrenchment. |
Nedbank personal loans. |
| Vehicle finance assurance | Credit protection for Nedbank clients who have a vehicle finance loan facility. | Offers decreasing term insurance. Pays for the level of cover required. Provides an option for residual cover. |
Death benefit. Disability. Retrenchment. Critical illness. (MFC only) |
Nedbank, MFC (Motor Finance Corporation). |
| Balance protection plan | Credit protection for Nedbank credit card accountholders in the event of death, disability, critical illness or retrenchment. | Pays out on death, disability critical illness or retrenchment. The sum assured is the highest balance on the credit card account during the statement month preceding the claim event date. |
Death benefit. Disability. Retrenchment. Critical illness. |
Nedbank |
| Payment protection plan | Credit protection for holders of American Express® Gold, Blue and Platinum, or SAA Voyager Classic, Gold and Premium Cards. | The sum assured is the highest balance on the credit card account during the statement month preceding the claim event date. | Death benefit. Disability. Retrenchment. Critical illness. |
Nedbank. |
