The standard credit life policy on offer covers the outstanding balance for death or permanent disability and up to 12 months instalments due for temporary disability or loss of employment. The enhanced benefit covers the outstanding balance of the credit agreement for death, permanent disability, temporary disability, or loss of employment.
A choice of goods insurance cover is on offer, in the event that goods purchased are accidentally damaged or stolen, either a standard benefit covering the customer’s outstanding balance, or an enhanced benefit covering, at the election of the customer at date of loss, the customer’s outstanding balance or replacement of goods.
T&Cs apply Monarch Insurance Company Limited is licenced under the Insurance Act as a microinsurer.
