Credit Protection for Scotia Plan Loans
Right for you if:
You want credit protection for your Scotia Plan Loan
Your Scotia Plan Loan, gives you access to greater borrowing and favourable interest rates to help you meet your most pressing needs. However, in the event of your death, or the diagnosis of a specified health crisis, this convenience could become a financial obligation for your family.
Credit Protection can remove these worries.
Rest Assured with Credit Protection for Scotia Plan Loans:
Credit Life Protection can pay off your outstanding loan balance in the event of your death, relieving your loved ones of added financial pressure at a difficult time.
Health Crisis Protection can pay off your outstanding loan balance up to the policy maximum in the event that you are diagnosed with a heart attack, stroke, cancer, or suffer the loss of limbs or sight in both eyes due to an accident or illness.
Credit Protection for Scotia Plan Loans can cover both the borrower and the co-borrower if joint coverage is elected, so you don't have to worry about leaving someone else with the burden of repaying your loan, or being the one left behind to make the payments alone.
Scotiabank loan customers under 55 years of age can apply for Health Crisis Protection and loan customers under 65 years of age can apply for Life Protection.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan.
Coverage is subject to specific limitations and exclusions, including age restrictions, as described in the Certificate of Scotiabank MasterCard Credit Insurance, which you will receive upon purchase. Please refer to the Certificate for additional details.
Insurance is underwritten by Scotia Insurance Caribbean Limited and offered through Scotiabank & Trust (Cayman) Ltd,, broker for Scotia Insurance Caribbean Limited
At a Glance
Discounts available for joint coverage borrowers
No health questions asked