MFC Vehicle Finance Assurance

Depending on your cover amount, we will pay up to R1 million of your vehicle finance if you become permanently disabled or pass away.

Why choose our vehicle finance assurance?

Up to R1 million cover for your vehicle.

Car finance insurance for new and pre-owned vehicles.

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

Waiting periods

3 months from the policy start date for retrenchment.

 

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

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 6 months of your instalments will be paid. 

 

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

 

Permanent disability: Settle the outstanding balance as at the date of permanent disability, less any arrears and interest accumulated on arrears.

 

Critical illness: Amount equal to the outstanding balance as at the date of the event, 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, disability or critical illness resulting from a pre-existing medical condition or illness.

 

Death or permanent disability related to driving under the influence of drugs or alcohol (above the statutory limit).

 

Death or permanent disability resulting from any criminal activity or breach of law.

 

Death or disability resulting from airborne pursuits, participation in war, riots, strike civil commotion or usurpation of power, or in military, naval, air-force or police action.

 

See terms and conditions for full list of exclusions.

Value for Life

Free access to Value for Life – a programme that offers you a 24/7 helpline, easy claims process and more at no extra cost to you.

 

Telephonic and personal legal services for advice and drafting of legal documents.

 

Up to R5 000 for medical cover and R5 000 for trauma counselling after events such as rape, domestic abuse, and more.

Simple, fast claims process.

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Log your claim

Call 0800 333 111 to log your claim. We’ll guide you on the next steps.

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Submit documents

Provide us with all the required documents.

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Leave the rest to us

Our team will assess your claim and keep you updated every step of the way.

To learn more about the claims process visit this page.

Ready to apply?

Get started