In the event of death, dread disease or permanent disability, your loan insurance will cover the full outstanding balance on your vehicle or other movable assets.

Peace of mind
Peace of mind

Rest assured that we’ll pay your outstanding debt in the event of death,dread disease or permanent disability.

You can budget accordingly
You can budget accordingly

Monthly payments do not change during the term of cover.

Different options are available
Different options are available.

You can choose a benefit option that suits your needs.

How to get it & what you can expect

  • Features & benefits

    • You get limited term insurance cover with the option to convert to a whole life policy
    • Multiple lives may be insured
    • There is no need for a medical examination
    • You receive immediate cover from the date the policy is effective
    • There is no need to account for the debt settlement during estate planning
    • Monthly premiums do not change during the term of cover
  • Our credit protection options

    Plan A
    • Benefit cover: Death
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R1 million
    Plan B
    • Benefit cover: Death and disability
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R1 million
    Plan C
    • Benefit cover: Death, disability and dread disease
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R1 million
    Plan D
    • Benefit cover: Death, disability, dread disease and retrenchment
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R1 million
    Platinum Protection
    • Benefit cover: Death, disability, retrenchment and accidental death
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R750 000
    Taxi
    • Benefit cover: Death, disability and dread disease
    • Minimum entry age: 18 years
    • Maximum entry age: 60 years
    • Term: Maximum 84 months
    • Maximum sum ensured: R500 000
  • How to apply

    Where to apply
    • Visit any of our Absa branches
    • Apply at any Absa approved vehicle dealership when you enter into a moveable asset finance agreement
    Documents needed
    • South African ID document or ID card

Need more help?

Let one of our consultants assist you.

Call us on:

08600 08600

Visit your nearest branch