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Vehicle & Asset Finance Credit Settlement Plan

The Nedbank Credit Settlement Plan covers you in the event of Death, disability and retrenchment and critical illness.

Features

  • Permanent disability or death - In the event of death or permanent disability, the policy pays the outstanding balance on your vehicle. 
  • Temporary disability - Should you lose income because of accident or illness (temporary disability), instalments will be paid for you until you start earning again.
  • Retrenchment - In the case of retrenchment, the policy pays three instalments following a three-month waiting period, provided your policy has been in force for more than three months.
  • Critical illness - In the case of critical illnesses, the policy pays the outstanding balance upon diagnosis of any of the eight critical illnesses.
  • Monthly premiums are debited to your current account or savings account.
  • Option to convert your Credit Settlement Plan to a whole-life or endowment policy - free of medical examination once the finance is paid off.


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Nedbank Ltd Reg. No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16).

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