MFC Vehicle Finance Assurance

Up to R1 million of your vehicle loan will be paid if you become permanently disabled or pass away.

What is covered

Death: Amount equal to the outstanding balance at the time of death, less any arrears and interest accumulated on arrears

Retrenchment: Up to six months of your instalments will be paid. 

Temporary disability: Pay your monthly instalment or part of it if you lost part of your income., until you have recovered.

Permanent disability: Pay your monthly instalment or part of it if you lost part of your income.

Critical illness: Amount equal to the outstanding balance at the time of death less any arrears and interest accumulated on arrears

What is not covered

Debt that you incur or withdraw after the claim event.

Any instalments, fees or interest that is not related to your vehicle loan.

Death or permanent disability due to a pre-existing medical condition or illness.

Death or permanent disability related to self-inflicted injury, suicide, active participation in military action or criminal activity.

See terms and conditions for full list of exclusions.

Waiting periods

3 months from policy start date for retrenchment.

12 months before the start date of the policy for pre-existing conditions.

Why choose our assurance?

Up to R1 million cover if you’re unable to pay your instalments.

Car finance insurance for new and pre-owned vehicles.

Experts in vehicle finance and insurance from MFC, a division of Nedbank.

Simple, fast claims process.

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Let us know

Call our 24-hour contact centre on 0860 333 111 for an agent to assist you or submit your claim on the Money app.

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Submit documents

Complete the claim form emailed to you with all the required documents.

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Leave the rest to us

We will assess your claim and let you know if we need anything else. If the claim is valid, we will process it.

Ready to apply?

Get started