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PAYMENT PROTECTION PLAN* | |
If you are unfortunate enough to have an accident which prevents you from working, Payment Protection Plan pays your finance instalments (after a seven-day qualifying period), until you return to work or your repayments are paid off in full less arrears (excluding any residual payments). |
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In the event of being unable to work through illness (after a seven-day qualifying period), Payment Protection Plan pays your finance payments until you are able to start work or the repayments are paid off in full less arrears (excluding any residual payments). |
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If you are made redundant from your full time job, Payment Protection Plan will pay your repayments for 150 days (after a 30-day qualifying period), up to $10,000.00 or until you find work, which ever comes first. |
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In the event of your death the outstanding balance of your finance agreement (excluding any arrears of more than 3 months) will be paid, leaving your family a debt free asset when they need it most. |
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If you are hospitalised as a result of a covered event and a claim has been accepted, Payment Protection Plan will contribute towards your hospitalisation costs. |
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| *This is NOT policy wording, but a summary
of the cover. |
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