Loan Protection Insurance by Mercedes-Benz.

Loan Protection Insurance by Mercedes-Benz



Mercedes-Benz customers lead dynamic lifestyles: work commitments, gatherings with family and friends, and enjoying life’s pursuits. But what if the unexpected should happen? What would happen to your finances in the unexpected event you lost your job or became too ill to work?

Mercedes-Benz Loan Protection Insurance provides you with peace of mind knowing your loan repayments are covered in the event of accident or illness, involuntary unemployment or death.

Features:

  • Sickness and Accident - Should you be unable to work due to illness or injury, Sickness and Accident cover pays your monthly instalments with no limit up to $100,000.
  • Involuntary Unemployment - Should your employment be terminated involuntarily, this cover pays your monthly repayments – for up to 6 months – with no monthly limit to a total of $12,000.
  • Life Cover - In the event of death, Life Cover finalises the balance owing on your loan up to $125,000.
  • Trauma Cover - Should you be diagnosed with a traumatic event, Trauma Cover will pay the loan balance between $10,000 and $50,000.