CCI may help to cover your loan repayments if you suffer financial loss, or even pay off your outstanding loan if you die.
If you’re unable to work because of an accident or illness
If you become sick or injured, and are off work for 7 consecutive days, your loan repayments will be covered until you’re deemed fit to return to work.
If you’re made involuntarily redundant
If you lose your job through no fault of your own and are made redundant, your loan repayments will be covered until you find a new job, or for a maximum of 12 months.
If you die
If you ‘kick the bucket’, the outstanding amount of your personal loan, less any arrears owing, will be fully repaid.
One simple payment
There’s only a one-time premium which is added to your loan.
Speed up loan repayments and save costs
If you pay off your loan early we can refund a portion of the Personal Loan Insurance premium you paid.
No medical information required
There are no medical questions to answer when you apply. Acceptance is automatic. However, you will not be covered for any pre-existing medical conditions Personal Loan Insurance is underwritten by Provident Insurance Corporation Limited.
For full details, limits, and exclusions, please refer to theCCI Policy Document