Who'll repay your credit card if you can't?
Who'll repay your credit card if you can't?
Who'll repay your credit card if you can't?
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Summary of the<br />
important things <strong>you</strong><br />
should know<br />
■ Card Repayment Insurance is available to all<br />
<strong>card</strong>holders who meet the eligibility criteria shown<br />
on page 6.<br />
■ It may help <strong>you</strong> meet <strong><strong>you</strong>r</strong> <strong>card</strong> <strong>repay</strong>ment<br />
obligations <strong>if</strong> <strong>you</strong> are unable to work through injury<br />
or illness, <strong>you</strong> lose <strong><strong>you</strong>r</strong> job or <strong>you</strong> die.<br />
■ You do not need to undergo medicals when<br />
applying.<br />
■ The amount that <strong>you</strong> pay for <strong><strong>you</strong>r</strong> cover is not<br />
affected by <strong><strong>you</strong>r</strong> age, gender, health, occupation<br />
or pastimes.<br />
■ The amount that <strong>you</strong> pay is based on the<br />
closing balance of <strong><strong>you</strong>r</strong> <strong>card</strong> at the end of each<br />
statement period.<br />
■ There are two types of benefits provided<br />
under CRI:<br />
■ Lump sum benefits to help clear the<br />
outstanding balance of <strong><strong>you</strong>r</strong> <strong>credit</strong> <strong>card</strong><br />
account; and<br />
■ Monthly <strong>repay</strong>ment benefits to help cover the<br />
required regular <strong>repay</strong>ment on <strong><strong>you</strong>r</strong> <strong>credit</strong> <strong>card</strong><br />
account.<br />
■ There are some circumstances under which we<br />
won’t pay a benefit. Please refer to page 10.<br />
5
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