Protect your Credit with Capitec Credit Insurance. If you take a loan term of up to 7 months and longer, you qualify for a Credit Insurance.
You will be covered for death, unemployment, involuntary retrenchment, permanent disability, temporary disability. You can create your own policy with Capitec’s Credit Insurance. Capitec thrives in meeting the needs of a customer.
If you want to protect your credit, there will be no paperwork required and the Insurance contract is available immediately.
What is the purpose of Capitec Credit Insurance?
Capitec wants you to understand the terms and conditions of the Credit Insurance, all restrictions, and limitations. If you have been fired as a result of fraud and other willful misconduct – you will not be covered. You will not be covered should you resign or retire. If you get retrenched or lose a job in less than 3 months from the beginning of your cover, you will not be covered.
Voluntary retrenchment is not covered, If you die or become disabled in a case where you participate in the war-like operation or use of chemical weapons, or nuclear, and any kind of chemicals you will not be covered.
How to Claim?
You must notify Capitec within 12 months by visiting your nearest branch and call 0860 66 77 83 or email CreditInsuranceClaims@capitecbank.co.za alternatively fax 0860 11 11 52 after your claim has been processed Capitec will notify you via SMS of the outcome.
The documents needed are:
For more information visit www.capitecbank.co.za
South African COVID-19 Information Portal
iBusiness on COVID-19