Credit Protection Insurance
Protect your family's financial well-being.
Which credit protection is right for you?
Protect your family's financial well-being. Ensure that that principal and interest remaining your Scotiabank loan, mortgage and/or credit cards are paid in the event of your death or a diagnosis of a critical illness*.
Credit Card Protection
Protection for your Scotiabank Credit Cards.
- Coverage of outstanding balance up to TTD $160,000
- You're already approved if you are younger than 70 years upon sign up
- Single coverage costs 29 cents for every $100
- 52 cents for every $100 on joint credit cards
- No premium charge for zero balance
Credit Protection For Scotia Plan Loans
Your family is protected, financially.
- Coverage of outstanding balance up to TTD $2,200,000
- Discount applied when two borrowers insured for the same plan
- Pay off your outstanding Scotia Plan Loan balance, up to TTD $2,200,000
Credit Protection For Residential Mortgages
Safeguard your family's mortgage debt.
- Coverage of outstanding balance up to TTD $2,200,000
- Premiums determined by age and mortgage balance
- The younger you are, the less premiums you pay
- Purchase joint coverage at a discount