Important Changes to Your Scotia Credit Card Protection Insurance Coverage
Thank you for being a Scotia Credit Card Protection* customer. This optional Insurance coverage can help offer the financial protection you and your family needs, when it matters the most.
The pricing changes and benefit enhancements listed below will be made to your current Scotia Credit Card Protection insurance coverage, effective April 1, 2024. The benefit enhancements remove several claim exclusions and shorten the duration of others, providing you with broader claim eligibility going forward.
Please keep this amendment notice with Your Certificate of Insurance for documentation.
Current | Change effective April 1, 2024 | |
PREMIUM | Monthly Premium per $100 of Account Balance:
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Monthly Premium per $100 of Account Balance:
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GENERAL EXCLUSIONS No benefits are payable under this insurance if death, Critical Illness, Hospitalization or Disability resulted directly or indirectly from: |
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Exclusion no longer applicable | |
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Exclusion no longer applicable | |
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Exclusion no longer applicable | |
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Definition of Disability | Disabled or Disability means the Claimant is unable to perform the essential duties of his or her job because of a sickness, injury, mental illness or nervous disorder for a period of at least 30 consecutive days. | Disabled and Disability means it has been determined by Your Doctor that You are prevented by any medical condition from performing Your normal activities of daily living or the regular duties of Your employment or self-employment, as applicable, for a period of at least 30 consecutive days. |
Certificate of Insurance: Full details about your insurance coverages, benefits, terms and conditions can be found in the updated Scotia Credit Card Protection Certificate of Insurance located at scotiabank.com/sccp on April 1, 2024. This Certificate of Insurance replaces your current Scotia Credit Card Protection Certificate of Insurance.
Claims: Any claims currently under review or in progress will continue to be based on the current certificate of Insurance. The benefit enhancements announced above are in effect for losses that occur on or after April 1, 2024.
If you have any questions, please call our toll-free number 1-888-999-7185 between 8:00 a.m. and 8:00 p.m. (ET) Monday to Friday, and one of our Customer Service Representatives would be pleased to assist you.