Personal Loans Repayment Protection
Creditcare is our repayment protection insurance. If, for example, your client becomes ill, has an accident, becomes a carer or is made redundant, Creditcare could cover their monthly loan repayments. That's why we recommend your clients take advantage of Creditcare, for their own peace of mind.
What does Creditcare cover?
There are three different levels of cover to suit your clients' individual needs.
Creditcare |
Gold |
Silver |
Bronze |
|---|---|---|---|
Life |
Yes |
Yes |
Yes |
Accident and Sickness |
Yes |
Yes |
Yes |
Unemployment |
Yes |
Yes |
|
Carer Cover |
Yes |
Yes |
|
Critical Illness |
Yes |
|
|
As with all insurance policies various exceptions and exclusions may apply.
Policy Summary Documents
Please ensure your clients receive a copy of the appropriate policy summary document, if you are responsible for selling Creditcare.
How do my clients pay for Creditcare?
Their monthly loan repayments will include the Creditcare premium.
How much does it cost?
It depends on the amount your client borrows, and how long they take to pay back the loan. Details of how much your clients' insurance costs are shown on their documentation.
Who arranges Creditcare?
Creditcare Gold, Silver and Bronze is arranged by Halifax acting as an intermediary and isunderwritten by St Andrew's Life Assuranceplc (Registered No. 3104670)(England) and St Andrew's Insurance plc (Registered No. 3104671) (England) ("the companies"), St Andrew's House, Portsmouth Road, Esher, Surrey, KT10 9SA.
