Protects your loan repayments for upto a year in the event of accident sickness or involuntary unemployment. Loan payment protection cover can start at anytime after you’ve taken out your loan. Premiums are paid monthly so you can stop cover at anytime you like.
Designed to protect your loan payments in a crisis, loan payment protection insurance covers against (your choice of) accident, sickness or involuntary unemployment (ASU), giving you financial peace of mind against the unexpected.
How would you cope financially if you were suddenly unable to pay your monthly loan payment? You may find that you could potentially lose your possessions. Not only can First Call Payment Protection help protect you against the financial burden, but we also only provide protection insurance online so we can keep administration costs lower, meaning we can offer you value for money protection.
So, if you would like to protect your loan payments, get a COMPLETELY FREE QUOTE here. Please note, you will be transferred to our secure site.
The date when payment protection benefits begin will depend on the waiting period you have selected.
The Payment Protection waiting period is the length of time you have to wait before you can make a Payment Protection claim and determines when the monthly benefit can be paid/received under the terms of the policy.
In all instances you can not make a claim until you have been unable to work for 30 consecutive days.
Waiting Period - Days
Eligible to claim from:
1st Monthly benefit paid on;
0 Days - You'll wait
30 Days - You'll wait
60 Days - You'll wait
90 Days - You'll wait
Please note ‘0 Days’ waiting period is sometimes referred to as ‘Back to Day 1’ cover