Scotia VISA Balance Protection FAQs

Comprehensive coverage you can count on

For your convenience, we've compiled a list of frequently asked questions about Scotia VISA Balance Protection.

Who can apply for Scotia VISA Balance Protection?

Scotiabank VISA Primary Borrowers who are 18 years of age to 64 years of age, are Canadian residents and who have a Scotiabank VISA account in good standing.

How much does it cost?

The monthly premium rate for coverage is $0.95 per $100 of the average daily balance plus applicable provincial sales tax.

Can more than one person apply?

Only the Scotiabank VISA Primary Borrowers may apply but benefits are also extended to cover an eligible Co-borrower on your Scotiabank VISA account, at no additional cost.

How do I make premium payments?

Premium is billed monthly, directly to your Scotiabank VISA account.

Are there any limitations or exclusions?

There are some limitations and exclusions. After you enroll, will receive a Certificate of Insurance that provides full details of your coverage, including all limitations and exclusions. You will have 30 days to review the details of the Certificate of Insurance. If for any reason you are not satisfied with your coverage, you can cancel your coverage at any time. If you cancel within 30 days you will receive a full refund of any premiums paid.





Scotia VISA Balance Protection is underwritten by ACE INA Life Insurance.

All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrollment.

Apply Today
  • By phone
    1(855)753-4272
    Monday - Friday
    8:00 a.m. - 8:00 p.m. ET
  • In Person
    Visit your local
    Scotiabank branch

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