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Providing credit protection and peace of mind in the event of death, disability, Personal Catastrophe and Retrenchment

The purpose of the Credit Life product is to provide credit protection in the event of death, disability, Personal Catastrophe and Retrenchment to the Nedloans clients who have a valid loan agreement. The proceeds of the policy will be credited to the Nedloans loan account of the life assured. The insured amount is the outstanding debt amount, less any arrears, as at the date of the occurrence of the claim event.

How do I qualify?

  • For Nedloans clients
  • The maximum loan term is 60 months.
  • Minimum age at entry 18
  • Maximum age at entry 55
  • Ceasing age of cover 65
Credit protection and peace of mind

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