Step 5 of 5

Please take a look at this important info below

SWITCH2 BENEFITS

Switch today and receive the following benefits:

• The policy will pay a lump sum directly to the Credit Provider equal to the value of the outstanding debt in terms of a credit agreement in the event of the death of the assured life or their permanent disability;
• The policy covers the full monthly instalment for a period of up to 6 months in the event of you suffering a loss of income through temporary disability, retrenchment or any other cause through no fault of your own;
• The temporary disability cover will pay the full monthly instalment for a period of up to 12 monthly instalments if you are self-employed.

In addition to the above, with Switch2, you can Refer-A-Friend and earn!

• We offer R150 for every referral that signs up and pays their first debit order.
  _{* Terms and Conditions apply}

READY TO START SAVING?

Are you ready to start saving and to SWITCH your credit life policies?

If so, click Accept below and we’ll send over some documentation, including a record of advice. Let our team do the administrative work for you!

YOUR BANK DETAILS

For your convenience, you are welcome to enter your banking details online for debiting purposes. Please click here to enter your banking information. Alternatively, one of our team will assist you with this when they make contact.

Well done and welcome to SWITCH2. It’s time to save!

IMPORTANT INFORMATION – PLEASE NOTE

• Switch2 Cover, an authorised financial services provider, is licensed to distribute credit life insurance products.
• We are underwritten by Guardrisk Life (FSP number 76), a member of the MMI Holdings Limited group.
• The Switch2 policy is offered to all economically active consumers aged 64 and below.
• We will be contacting your lenders on your behalf to cancel your current insurance and replace it with our credit life. In order to do so, you will need to appoint Switch2 as your agent for Credit Life Insurance products, with authority to investigate, quote, replace and cancel all related credit life policies in your name.
• By agreeing to switch, you nominate each of your named credit providers as a “loss payee” in terms of your Switch2 policy, up to the settlement value on the happening of the insured event.
• Please note that you authorise the insurer to make payment up to the settlement value to each credit provider on the happening of the insured event; and for the insurer to settle your obligations to each credit provider as a preferred creditor, at any time during the term of the credit agreement on the happening of the insured event.
• You have the right to cancel this policy at any time by giving us 30 days’ notice and ensuring that an alternative policy is in place.
• Our Compliance Officer is Moonstone (021 883 3000).
• The Insurer for this policy is Guardrisk (FSP number 76) (011 699 1000).
• Switch2 has Professional Indemnity Insurance Cover in force, but does not hold any other guarantees.
• Our phone number is 087 700 002.

COVER EXCLUSIONS

• This policy is only available to people who are earning an income.
• If you are retrenched within 90 days of the commencement of the policy being replaced, you will not be covered.
• Suicide is not covered in the first 24 months of this policy.
• Any pre-existing medical conditions will not be covered if you are within the first 12 months of the policy being replaced.
• This policy is not available to people older than 64 years old, because many benefits fall away at retirement age.
• If you are currently under debt review, you will not be covered.