Protect the income that pays for your car
Most people don't think twice about insuring their new car, but what about protecting how you pay for it?
Your income is the key to taking care of those all-important car expenses, like your car instalment and car insurance. Without it, how would you be able to keep up with those payments?
Auto Payment Protector is a living insurance product that protects you from life's uncertainties, like an injury, illness, retrenchment or death, resulting in you not being able to earn your income and pay for your car and/or other monthly expenses.
HOW IT WORKS
You can sign up for Auto Payment Protector whether you're paying cash or financing your new car at any one of our Bidvest McCarthy dealerships. Upon purchase, the dealership will assist with your application.
You have the choice of selecting one or a combination of benefits, to protect you from life events. Depending on the benefits you choose to protect yourself, a premium will be calculated for you.
With no medical tests required, cover can be granted immediately.
Benefits available to you to choose from:
TEMPORARY INCOME PROTECTION BENEFIT
What would happen to you if your income stopped due to an injury or illness, even for a short while?
This benefit provides you with an income for up to 24 months to cover your car instalment and/or other monthly expenses if you're unable to work due to injury or illness.
You can choose one of 4 cover amounts: R5 000, R10 000, R15 000 and R25 000.
RETRENCHMENT COVER
What would happen to you if you got retrenched and couldn't earn an income?
This benefit will enable you to receive 100% of your Temporary Income Benefit for up to 4 months if you are retrenched.
DEATH COVER
In the event of you passing away, would your loved ones be able to cover the expenses?
With this benefit, you'll be able to provide your loved ones with a lump sum, equal to the original purchase price of the car, to settle the outstanding credit balance and/or to pay for other expenses. This lump sum value does not reduce over time.
PERMANENT DISABILITY AND/OR CRITICAL ILLNESS COVER
What if you were permanently disabled or diagnosed with a critical illness, like cancer?
In the event of Permanent Disability or Critical Illness, this benefit provides you with a once-off lump sum, equal to the original purchase price of the car, to settle the outstanding credit balance on the car, and/or pay for other expenses.
Automatically included if you select any of our benefits:
MEDICAL SECOND OPINION
If you're diagnosed with a serious illness, this service provides an independent review of your diagnosis and treatment plan from a choice of more than 100 leading medical centres around the world, offering you peace of mind that you'll have access to all the information you need should you ever have to make critical decisions about your health.
CLAIMS ASSIST
This is a suite of benefits designed to support you and your family through the recovery process or in the event of your death.
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McCarthy (Pty) Ltd is an authorized Financial Services Provider. FSP6852.