Payment Protection
Keeps loan repayments moving if illness, injury or redundancy stops your income.
Read more →Loan & Credit Protection
Credit Disability
Makes the monthly payment while you are medically unable to work.
What this cover does
Credit disability covers the instalment rather than your income, paying the lender directly while you are certified unable to work. Benefits run for a maximum number of months and begin after a short waiting period.
Typically included
- Monthly loan payment while totally disabled
- Benefit paid directly to the creditor
- Defined maximum benefit period
- Cover for instalment loans and some revolving credit
- Retroactive benefits after the waiting period, on some plans
Common add-ons
- Combined credit life and disability plans
- Shorter waiting periods
- Joint cover on a shared account
- Partial disability benefits
Questions
What people ask about credit disability
What counts as disabled?
Each contract defines it precisely — commonly certified unable to perform your own occupation for an initial period, then any occupation. Read that definition before relying on the cover.
Does it cover redundancy?
No. Job loss falls under involuntary unemployment cover, which is bought separately or as part of a combined plan.
Often taken together
Related cover
Mortgage Protection
Clears or covers the mortgage if you die, become critically ill or cannot work.
Read more →
GAP Insurance
Pays the shortfall between what the insurer settles and what you still owe.
Read more →Quote Credit Disability
Tell us what you already have and we will show you where this fits — or tell you plainly that you do not need it.