If you are a student enrolled in post-secondary education and have experienced a Disability or Job loss on or after March 11, 2020, you will now be granted a 10-hour credit towards the minimum employment requirement of 20 hours per week. All other claim eligibility requirements still apply. For more information or to submit a claim, please contact the Insurance Canada Service Centre (ICSC) at 1-855-753-4272 Monday-Friday 8am-8pm (ET).
Scotia Credit Card ProtectionComprehensive insurance coverage you can count on.
We can’t see tomorrow, but we can plan for it. Get Scotia Credit Card Protection today, for when you may need a helping hand financially to get you through certain difficult times.
Scotia Credit Card Protection insurance can help offer your family the financial protection they need when it matters most. This optional insurance1 coverage can pay off your outstanding account balance or help cover your monthly credit card payments as a result of certain unexpected events that may have significant financial impact, such as:
Can pay your outstanding account balance up to $50,000 if you die.
- $1.09 per $100 of daily balance on your credit card account (plus any applicable sales tax).
- Benefits are extended to cover an eligible co-borrower on your insured credit card account at no additional cost.
- Primary Cardholders, between the ages of 18 and under 70 years old, who are Canadian residents, are eligible to apply.
- To be eligible for the Disability, Job Loss and Strike/Lockout out benefit you must be actively working a minimum of 20 hours per week for 180 consecutive days.
1 A waiting period and pre-existing conditions apply to certain coverages. Critical Illness, Disability, Job Loss and Strike or Lockout coverages end at age 70; however, Life insurance coverage remains in place until the Primary Borrower reaches age 80. Full details of the coverage, including when coverage begins and ends, how to make a claim, terms and conditions, and limitations and exclusions, are outlined in the Certificate of Insurance.
Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.