Overdraft Assurance

If life takes a turn because you are retrenched, become disability, or pass away, overdraft assurance pays your credit provider back so your loved ones don't have to.

Why choose our Overdraft Assurance?

Your overdraft facility will be paid if you are retrenched, become disabled, or pass away. 

No medical tests are needed to take up the policy.

You enjoy affordable premiums to suit your credit needs and budget.

Waiting periods

6 months for retrenchment, disability, or death.

 

No waiting period if your policy is reinstated due to unpaid premiums. Missed premiums will be added to future payments.

What is covered

Up to 10 monthly instalments, up to R30 000 if you are retrenched.

 

Up to R50 000 of the overdraft facility if you become permanently disabled.

 

Up to 6 monthly instalments, up to R50 000, if you become temporarily disabled.

 

Up to R50 000 of the overdraft facility if you pass away.

What is not covered

Debt you incur or withdraw after the claim event. 

 

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. 

To fully understand the policy and what is not covered, review the terms and conditions.

Extra benefits

Free access to Value for Life, a programme that offers you a 24/7 helpline, an 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 our 24-hour contact centre on 0800 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