What is credit life insurance
Credit life insurance is insurance that covers the outstanding debt on your accounts in the event of your death, disability or retrenchment. Most lenders insist that you have this insurance on your accounts. If you have vehicle finance, credit cards, loans or retail credit, we are able to reduce your monthly instalments by 5% every month – we do this by reducing the premium payable on your credit life insurance which you take out with us directly.
What we do
We look at your credit profile to make an estimation of how much you are paying on your credit life insurance policies with all your lenders, and offer you a single credit life policy that replaces these at a lower cost.
Do I need to go through a new waiting period?
Not necessarily. The waiting period is usually calculated from the date of commencement of our policy. However, if you had another active policy with similar benefits in the past 90 days, the waiting period will be determined from the commencement of that policy. During the waiting period you receive limited or no cover.
Clientèle Life Assurance Company Limited is an authorised financial services provider, FSP 15268.
Who we can help?
Only available to existing Credit Life policyholders
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Complete the form below and one of our friendly consultants will call you back for a quote.