Instalment Protection

The Instalment Protection Product is directly linked to a vehicle. It is a stand-alone product.

The vehicle must be a total loss, the benefit paid will be the monthly instalment under the finance agreement for the vehicle until the claim under the underlying policy is either settled or repudiated or until 2 monthly instalments have been paid. The maximum amount of instalments paid is 2. The usual maximum benefits paid are R18 000 per month. There are no age limits within this policy.

This product is underwritten in the short term license.