The CreditGuard Credit Life Policy gives security and peace of mind to you, the Debt Counsellor and your Clients in the event of a claim.

CreditGuard’s bespoke
8 benefits  will pay your Clients’ Debt Review when they can’t.

Keeping your Clients’ Debt Review in place and protected.

Our CreditGuard Credit Life Policy Benefits include:

Unemployment or Inability to Earn an Income other than as a result of Disability Benefit*

– on retrenchment or total loss of income, the policy will pay out an amount equal to your client’s Monthly Debt Review Rehabilitation Amount – including all Debt Review fees for up to 12 months. *In the case of a joint application 50% of the Monthly Debt Review Rehabilitation Amount will be paid.

Maternity Benefit*

– in the event of maternity leave, the policy will pay out an amount equal to your client’s Monthly Debt Review Rehabilitation Amount – including all Debt Review fees for 3 months. *In the case of a joint application 50% of the Monthly Debt Review Rehabilitation Amount will be paid.

Death Benefit*

– in the event of death, the policy will pay out an amount equal to the Sum Assured. Outstanding balances on the credit agreements will be settled and the balance paid to a Nominated Beneficiary. 

Accidental
Death Benefit*

in addition to Death Cover, we also offer an Accidental Death Benefit that will be paid to the Nominated Beneficiary to a maximum of R 100 000.00.


Critical Illness Benefit*

– on critical illness diagnosis, the policy will pay out an amount equal to the Sum Assured. Outstanding balances on the credit agreements under Debt Review will be settled and the balance paid to the policyholder.

Permanent
Disability Benefit*

– on permanent disability, the policy will pay out an amount equal to the Sum Assured. Outstanding balances on the credit agreements under Debt Review will be settled and the balance paid to the policyholder.

Temporary
Disability Benefit*

– in the event of temporary disability, the policy will pay out an amount equal to your Client’s Monthly Debt Review for a period of 12 months.

ID Theft Benefit**

– in the event of Identity Theft during the Period of Insurance, Siyavika Risk Solutions (Pty) Ltd will pay up to R 10 000 for any expenses/losses incurred.


All benefits are subject to Exclusions and Waiting Periods (where applicable) as defined in the policy wording.

  *Guardrisk Life Product 

  **Non-Guardrisk Life Product

Interested to refine your value-proposition with better-suited cover for your clients and added peace of mind to you as Debt Counsellor?

Fill in our form below and we will contact you shortly to discuss how both you as Debt Counsellor and your Clients will benefit.

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CreditGuard is an Innovative Credit Life Insurance Policy specifically designed for the South African Debt Review Market, its Debt Counsellors and their valued Clients.


The CreditGuard Credit Life Insurance Policy is underwritten by Guardrisk Life Limited (FSP 76) and administrated by Siyavika Risk Solutions (FSP 44999).