Credit Protection For Scotia Plan Loans.
Your family is protected, financially.
Protect your family.
Your ScotiaPlan Loan gives you access to greater borrowing and favourable interest rates to help you meet your most pressing needs. However, in the event of your death or the diagnosis of a specified health crisis, this convenience could become a financial obligation for your family. Credit Protection can remove these worries.
Scotiabank loan customers under 65 years of age can apply for Life Protection and / or Health Crisis
Rest Assured with credit Protection for Scotia Plan Loans.
Credit Life Protection can pay off your outstanding loan balance in the event of your death, relieving your loved ones of added financial pressure at a difficult time.
Health Crisis Protection can pay off your outstanding loan balance, up to the policy maximum, in the event that you are diagnosed with a heart attack, stroke, cancer, or suffer the loss of limbs or sight in both eyes due to an accident or illness.
Credit Protection for Scotia Plan Loans can cover both the borrower and the co-borrower if joint coverage is elected, so you don't have to worry about leaving someone else with the burden of repaying your loan, or being the one left behind to make the payments alone.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan. Coverage is subject to policy maximums, specific limitations and exclusions, including age restrictions, and pre-existing conditions as described in the Enrolment Form and the Certificate of Group Credit Insurance for ScotiaPlan Loan which you will receive upon purchase.
Insurance is underwritten by Scotia Insurance Caribbean Limited, which is a wholly-owned subsidiary of GraceKennedy Financial Group Limited (“GraceKennedy Financial”), and offered through Scotia Insurance Agency Limited, a licensed insurance agent of SICL.