Southsure Payment Protection Insurance

Southsure Payment Protection Insurance

 

Are your loan repayments covered?

Unity members are eligible for Payment Protection Insurance from Southsure Assurance Limited. Reduce the stress of the unknown with a cover option that suits you.

Payment Protection Insurance

Payment Protection Insurance is a cost-effective way to ensure you can focus on what’s important in the event of the unexpected happening, without the added stress of repaying your loan.

  • Cover includes: life, total disablement (accident or illness), terminal illness, redundancy and bankruptcy
  • If you repay your loan early your unused insurance premium is rebated to your loan settlement
  • All in one cover

Protect yourself in times of uncertainty with Payment Protection Insurance. The premiums for this policy are paid as a lump sum when you drawdown your loan. If you repay your loan early, a rebate of your premiums will be provided.

Payment Protection Insurance Policy effective 01 November 2021

 

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For Unity Members who have transitioned to Southsure Assurance Limited Loan Protection Insurance

From 01 March 2018 this policy replaces the Credit Union Insurance (CUI) Loanminder policy for those members that have given their approval and have accepted the transition of their Loanminder protection insurance to Southsure Assurance.

Loan Protection Insurance Policy for existing Loanminder members from 01 March 2018

 

Funeral Insurance

From 01 March 2018 this policy replaces the Credit Union Insurance (CUI) Funeral Plan policy for those members that have given their approval and have accepted the transition of their Funeral Plan Insurance to Southsure Assurance. This product is not available for new customers.

Click here to read the Funeral Plan Policy (Transition to Southsure Assurance)

 


Payment Protection Insurance is underwritten by Southsure Assurance Limited. Please refer to the relevant policy documents for full terms, conditions and exclusions.  You can download the policy document below.

Payment Protection Insurance Policy effective 1 November 2021

Information on Southsure Assurance Limited’s financial strength rating can be found on their website here.

Southsure Payment Protection Insurance is underwritten and administered by Southsure Assurance Limited.