Automatic Debt Protection
FNB Credit Card customers receive Automatic Debt Protection on the outstanding debt on their credit card in the event of death or permanent disability.
- You will be protected against legal action for a specified amount on your credit card debt, or the full amount owing should it be less than the amount specified by the bank in the event of death or permanent disability.
- Automatic Debt Protection covers you for the amount specified below in the event of your death or permanent disability:
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Automatic Debt Protection (ADP)
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Product Name
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Premium
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Specified Maximum Amount
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FNB Petro Card (Standalone)
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No charge
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R1 000
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FNB Aspire Credit Card
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No charge
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R5 000
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FNB Premier Credit Card
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No charge
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R12 000
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FNB Private Clients Credit Card
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No charge
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R12 000
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FNB Private Wealth Credit Card
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No charge
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R12 000
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Top-up Debt Protection Plan
Credit cards are a great way of accessing money when you really need it. FNB Petro Card (standalone only), Aspire, Premier, Private Clients and Private Wealth Credit Card holders qualify for embedded cover at no charge in the event of death or permanent disability from R1 000 to R12 000, depending on your card.
The Top-up Debt Protection Plan is designed to cover any debt on your credit card. This cover is over and above your free embedded cover for FNB Petro Card (standalone only), Aspire, Premier, Private Clients and Private Wealth Credit Card holders. Top-up Debt Protection offers cover for the FULL outstanding balance on your credit card in the event of death or permanent disability, and cover for your minimum FNB Credit Card instalments for up to 12 months in the event of temporary disability and unemployment/ inability to earn an income.
Top Up Debt Protection Plan Terms and Conditions (01 August 2017 to date)
Top Up Debt Protection Plan Terms and Conditions (Prior to 01 August 2017)
Premiums will be calculated on the average outstanding amount during the month, minus the free portion offered under Automatic Debt Protection (ADP).
All the Debt Protection Plan benefits are subject to the terms and conditions (i.e. the policy) as issued by FNB Life.
Contact
087 575 1111
for more info
Terms, conditions and rules apply.
