What is a PROTECTA Payment Protection Insurance? What am I Covered For?

protecta-logoCovers loan repayments in cases where the insured may become totally disabled through accident or illness, or is made redundant or declared bankrupt. In such cases the policyholder is protected against having to make payments for the duration of the disability, redundancy or bankruptcy. In the case of the insured’s death, the balance of outstanding payments (less any arrears) will be paid.

Payment Protection Insurance Features

Redundancy and Bankruptcy Cover

Redundancy Cover
If you are made involuntarily redundant from your permanent employment, Payment Protection Insurance will pay your repayments for 180 days (No amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.
Bankruptcy Cover
If you are self employed and declared bankrupt by the New Zealand High Court, Payment Protection Insurance will pay your repayments for 180 days (No amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.

Death and Terminal Illness Cover

Death Cover
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.
Terminal Illness Cover
In the event of being unable to work through any illness or accidental injury which is likely to result in your death within 6 months of the date on which the injury was diagnosed, Payment Protection Insurance pays off the repayments in full, less arrears.

Disablement Cover

If you are unfortunate enough to have an accident or illness which prevents you from working, Payment Protection Insurance pays your finance instalments (after a seven-day qualifying period), until you are able to return to work or your repayments are paid off in full, less arrears (excluding any residual payments) prior to your 70th birthday.
  • Available 24 hours a day, 7 days a week
  • Personally answered 0800 phone number
  • Easy Claims Process
  • Experienced people that make the process as fast and easy as possible for you
Contact Damien Taylor for further details, 03 5469351 or 0212168006 Email