Monthly payments up to $1,500 will be paid directly to your lender in the event of a debilitating injury for up to 72 months per occurrence. This benefit will be paid until you are able to return to your job, or your coverage expires, or your loan is paid in full.*
Most common types of disability:
- mental health
*The Disability benefits will be paid in accordance to the eligibility criteria and exclusions listed in the product guide.
Payment Protection Insurance
Up to $180,000
No medical questionnaire or exams
No smoker premium charge
Cancellable at anytime
Premiums can be included with the vehicle financing
What Can Payment Protection Insurance Do for You?
- Provide affordable protection like Disability Insurance for you and your loved ones in the event of a serious medical event.
- Protect you and your family from damage to your credit rating.
- Pays off or reduces your outstanding loan payments if something happens to you.
- Protection against the added stress of worrying about your vehicle loan at a devastating time, or leaving your loved ones with the burden of financial hardship, repossession or bankruptcy.