Loan Instalment Care: disability cover to make sure your loan is paid if you can’t earn
If you couldn’t work because of sickness or injury it could be difficult for your family to cope with your ongoing loan repayments. Loan Instalment Care ensures that your loan continues to be paid, so you can concentrate on getting better.
Comprehensive cover
Loan Instalment Care has a range of great benefits:
- Worldwide cover: you’re covered against accidental sickness and injury 24-hours a day, anywhere in the world.
- Major illness cover option: Trauma Cover is an extra option that provides a lump sum pay-out to help you out financially if you suffer from a major illness.
- Tops up ACC: provides extra money to pay your loans on top of any ACC payments and Income Protection Benefits that you might receive.
- No health checks for loans under $50,000: if the loan you’re insuring with Loan Instalment Care is under $50,000 and you don’t have Loan Instalment Care on any other PSIS loan, you won’t have to worry about having a health check to qualify.
Competitive premiums
Our premiums are very competitive. To make them really easy to pay, they’re deducted with your loan instalment.
Stress-free claims
At PSIS, we know you don’t want to be worrying about your loan payments for one second longer than you have to – Loan Instalment Care has a stand down period of just 14 days.
To make a claim, just call us on 0800 AT PSIS (287 747).
Free trial period
See if it takes a weight off your mind to know your loan will always get paid. Get Loan Instalment Care and if you change your mind within 30 days, we’ll refund the premium you’ve paid in full.
Find out more – and get a free quote today
To get a free quote, and to see the Loan Instalment Care Policy document, drop into your local PSIS branch, or call us today on 0800 AT PSIS (287 747).
Loan Instalment Care is only available to PSIS customers who have a PSIS loan. This section contains summary information only. It is not a policy document and is not intended to be relied on. A specimen policy document is available from PSIS. All claims are subject to the full terms of the policy. The information contained here is correct as at the date of publication. Loan Instalment Care is underwritten by IAG New Zealand. IAG reserves the right to change the terms of cover it offers in the future.
PSIS is not a registered bank, but a very co-operative co-operative.
Interest rates are subject to change. All deposits are secured by First Ranking Stock and rank equally with all existing deposits with PSIS Limited. An Investment Statement and a current registered Prospectus are available from any PSIS branch or can be downloaded here. For all lending products, PSIS Limited lending and insurance criteria, and fees apply.
