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Make sure your overdraft is paid should you pass away, be disabled or be retrenched.
Make sure your overdraft is paid should you pass away, be disabled or be retrenched.
Make sure your overdraft is paid should you pass away, be disabled or be retrenched.
Overdraft insurance - Make sure your overdraft is repaid should anything happen to you.
Having an overdraft facility is a useful tool to help manage your cashflow, but it is also a big responsibility. If something happens to you and you can’t repay your overdraft, you wouldn’t want your family to worry about it.
Having insurance for your overdraft facility will give you peace of mind knowing that your debt will be taken care of when you can’t.
Benefits
- If you die or become permanently disabled, the full insured overdraft amount will be paid out, whether you’ve used the overdraft facility or not.
- If you become temporarily disabled, up to six monthly instalments will be paid into your account.
- If you are retrenched, up to 10% of your outstanding overdraft balance will be paid (limited to R30 000).
- You can get overdraft insurance if you’re between the ages of 18 and 64.
Is overdraft insurance from Nedbank right for me?
I want to make sure that my overdraft is paid should anything happen to me so my family wouldn’t have to worry about it.
