debt protection
kulula credit card’s debt protection plans will cover you when you need it most.
Through our joint venture with FirstRand Bank Limited, we can offer you peace of mind with a choice of one of two Debt Protection Policy plans designed to protect you, and your family from your debt when unforeseen tragedy strikes.
Downloads:
- Debt protection plan brochure including terms & conditions (.pdf) *
- Debt protection plan application form (.pdf) *
* Requires a PDF reader. Get Adobe Reader
debt protection plan 1
This policy protects you and your family in the event of your death, or permanent disability from the outstanding debit balance of your personal kulula credit card, or fifty thousand rand (R50,000), whichever is the lesser at the time of event.
The risk benefit cover will end on your 70th birthday and is subject to the exclusions that are detailed in the Policy terms and conditions or subsequent revisions to it.
In order to claim your Risk Benefit Cover, your kulula credit card account must be in good standing; should your account payments not be up to date at the time of the event, no benefit will be paid out to you.
The monthly Insurance Premium for Debt Protection Plan 1 is charged at a rate of R5.00 per R1,000 of the maximum outstanding debit balance.
debt protection plan 2
This policy protects you and your family in the event of your death, or permanent disability from the outstanding debit balance of your personal kulula credit card, or fifty thousand rand (R50,000), whichever is the lesser at the time of event.
In the event of temporary disability, or retrenchment we will pay your minimum monthly instalments on your personal kulula credit card account for up to 6 months as per your monthly statements.
The risk benefit cover will end on your 70th birthday and is subject to the exclusions detailed in the Policy terms and conditions or subsequent revisions to it.
In order to claim your Risk Benefit Cover, your kulula credit card account must be in good standing; should your account payments not be up to date at the time of the event, no benefit will be paid out to you.
The monthly Insurance Premium for Debt Protection Plan 2 is charged at a rate of R7.00 per R1,000 of the maximum outstanding debit balance.
summary:
| debt protection plan | death | permanent disability | temporary disability | retrenchment |
|---|---|---|---|---|
| plan 1 | • | • | ||
| plan 2 | • | • | • | • |
To take up any one of these debt protection plan policies, please complete the debt protection plan application form and fax it back to us, or call 0860 MOOLAH (666524).
Terms and conditions apply.