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Credit Protection For Scotia Plan Loans.
Your family is protected financially.
Credit Insurance for Scotia Plan Loans can cover both the borrower and the co-borrower if joint coverage is selected.
With Health Crisis Insurance, your outstanding loan balance is paid up to the policy maximum† if you are diagnosed with a critical illness.
With Life Insurance, your outstanding loan balance will be paid up to the policy maximum† if you die.
Max enrollment age for both Life and Health Crisis is 65 years.
Credit Protection for Scotia Plan Loans.
With your Scotia Plan Loan, you have access to greater borrowing, and favourable interest rates to help you meet your most pressing needs. Did you know, however, that 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 for Scotia Plan Loans can remove that worry.
Give yourself peace of mind.
Credit Insurance for Scotia Plan Loans can cover both the borrower and the co-borrower if joint coverage is selected, 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 shoulder the payments. Scotiabank loan customers under 65 years of age can apply for Life Insurance and or Health Crisis Insurance, or both. If your loan term is 5 years or less, you are automatically approved.
With Life Insurance, your outstanding loan balance will be paid up to the policy maximum if you die. Rest assured that your family will be protected if you pass away.
With Health Crisis Insurance, your outstanding loan balance is paid up to the policy maximum† if you are diagnosed with a heart attack, stroke, cancer or suffer the loss of limbs, or the loss of sight in both eyes caused by an accident or illness.
†A note from the insurer:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan. *Coverage is subject to policy maximums, specific limitations and exclusions, including age restrictions, and a pre-existing condition as described in the Enrollment Form and the Certificate of Insurance which you will receive upon purchase. Insurance is underwritten by ScotiaLife Trinidad and Tobago Limited (a wholly owned subsidiary of Scotiabank Trinidad and Tobago Limited).