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- Consolidate all your debts into a simple loan | Nedbank
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What is covered
Up to 10 monthly instalments, capped at R30,000 if you are retrenched.
Up to R50,000 of the overdraft facility if you become permanently disabled.
Up to 6 monthly instalments, capped at 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.
Any instalments, fees or interest not related to your overdraft facility.
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.
Waiting periods
6 months for retrenchment, disability and death.
Why choose our assurance?
Cover if you are retrenched, disabled or pass away.
No medical tests needed to take out insurance.
Affordable premiums to suit your credit needs and budget.
Simple, fast claims process.
1
2
3
1
Log your claim
Call our 24-hour contact centre on 0860 333 111 for an agent to assist you or submit your claim on the Money app.
2
Submit documents
Complete the claim form emailed to you with all the required documents.
3
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.