We have not personally recommended this policy to you. By submitting an application form you are
confirming that your demands and needs are that of a person wishing to obtain loan and payment protection insurance.
WILL THIS POLICY MEET YOUR DEMANDS AND NEEDS?
Some facts about the cover
Cover for Accident & Sickness (Disability), Involuntary Unemployment, Hospitalisation and Carer Cover, Life and Terminal Illness, subject to the level of cover you select in respect of your loan repayments and other regular monthly commitments:
Cover available for the amount of your loan repayments plus up to an additional 25% for other monthly commitments
Maximum benefit available is £1500 per month or 50% of your normal monthly income (whichever is the lower)
Maximum Benefit Period - 12 months
The first months' benefit is paid after a minimum of 30 days for Accident, Sickness (Disability) and Involuntary Unemployment and is subject to the cover you have selected
Downloads
To Download the Policy Summary for Loan Protection click on the button below
To Download the Policy Wording for Loan Protection click on the button below
To Download the Demands & Needs statement for Loan Protection click on the button below
If You don't have Adobe Acrobat Reader Please click on the image below to download
The first months' benefit is paid after a minimum of 7days for Hospitalisation
The first months' benefit is paid after a minimum of 60 days for Carer Cover, at which time you will receive two months benefit
All claims paid on a daily basis, monthly in arrears
There is a 3 month re-qualification period after each claim
The risks are underwritten by Brit Insurance Limited in respect of disability and unemployment, and Sagicor at Lloyd's Limited in respect of Life and Terminal Illness
Eligibility criteria
The cover is available to UK residents provided you are:
Over 18 years and under the statutory retirement age and Wage earning, salaried, self-employed or on contract
In continuous employment for at least 6 months and permanently employed for 16 hours or more per week
In good health and not absent from work through illness or injury and resident in the United Kingdom
ARE THERE CIRCUMSTANCES WHEN THIS POLICY MAY NOT MEET YOUR DEMANDS AND NEEDS?
The cover will cease
Cover will cease when you reach the statutory retirement age or your normal retirement age whichever is the sooner
When you die
When you cease to be a resident of the UK
When you stop making payments
The cover excludes
In common with all similar protection policies, cover does not extend to the following:
Any condition or disease which was known at the start date or for which you have received treatment or advice during the 12 months before the start date
Temporary or seasonal unemployment or expiry of non-renewable or fixed term contract
Impending or voluntary unemployment or early retirement
Dismissal due to misconduct or breach of contract
Disability due to stress, nervous disorder or backache unless a consultant certifies the condition solely prevents you from working
Self inflicted injuries, attempted suicide or treatment that is not medically necessary, including cosmetic surgery
Aids or HIV, Self inflicted injury, drug or alcohol abuse
Pregnancy, unless a medical complication occurs
Periods of claims whilst outside the UK for a period of more than 90 days
Claims for unemployment that occur within 120 days of the start date of cover
Claims for diagnosis of Terminal Illness that occur within 90 days of the start date of cover
© Paymentcare Limited 2009 | PCLPPIBS_D&N_07_10
