Your Scotiabank credit card can give you convenient access to credit for your everyday purchases and expenses. However, in the event of your death or the diagnosis of a covered critical illness, this convenience could become your family's financial obligation. Credit Protection can prevent this from happening.
Credit Protection can pay off your outstanding Scotiabank credit card balance, relieving your loved ones of added financial pressure at a difficult time.
You can enrol for Credit Protection, which can pay the outstanding balance on your credit card account in the event of your death, or enrol for both Credit Life and Critical Illness coverage.
Critical Illness Protection is a living benefit, which means that the outstanding balance on your credit card account can be paid off in the event you are diagnosed with a covered critical illness (specifically heart attack, cancer, or stroke).f you already have Life Protection, you may want to add Critical Illness coverage or consider joint coverage if you have a secondary cardholder on your account.
As a Scotiabank credit card customer, it's easy to take advantage of this important offer of protection. You're already approved for coverage provided that you (and your secondary cardholder, if you choose) are less than 70 years old on the date you enrol for Life Protection, or less than 60 years old if you decide to enrol for both Life and Critical Illness Protection. No health questions are asked.
29¢ for every $100 of your outstanding account balance if you enrol in single Life coverage
52¢ for every $100 of your outstanding account balance if you enrol in joint Life coverage
Coverage up to $30,000 BBD or $15,000 USD
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan.
Coverage is subject to specific limitations and exclusions, including age restrictions, as described in the enrollment Form and the Certificate of Scotiabank MasterCard Credit Insurance which you will receive upon purchase. Please refer to the Certificate for details.
Insurance is underwritten by Scotia Insurance Caribbean Limited and offered through Scotia Insurance Agent Ltd., agent for Scotia Insurance Caribbean Limited.