The following will only apply if you have selected Accident or Sickness Cover, Unemployment Cover or Premier Cover:
- If you are unable to work for more than 30 days in a row, we will pay 1 monthly benefit equal to your monthly repayment.
We will then pay 1/30th of the monthly benefit, at monthly intervals, for every further day you are unable to work. We will continue to make these payments:
- For up to a maximum of 12 months if claiming for unemployment or carer claims (under Unemployment Cover or Premier cover); or
- Until your loan is repaid for accident or sickness claims (under Accident or Sickness Cover or Premier cover).
In any case the maximum monthly benefit amount will be the lower of your monthly repayment (excluding any arrears or interest on arrears or any balloon payments) or £1,500 per month.
The following will only apply to you if you have selected Life cover or Premier cover:
- If you die during your finance agreement we will pay the outstanding balance of your agreement, at the date of your death, up to a maximum of £50,000, including any balloon payments.
The following will only apply to you if you have selected Unemployment Cover or Premier cover:
- If you are self-employed you will be entitled to claim for unemployment if you have involuntarily ceased trading because you could not find enough work to meet all your reasonable business and living expenses and have declared this to the HM Revenue Customs.
- If you receive payment in lieu of notice, your unemployment claim will start when you have registered as unemployed after the date your notice period ends.
The following will only apply to you if you have selected Accident or Sickness cover, Unemployment cover or Premier cover:
- You will also receive details of our ‘Back to Work’ service which provides independent confidential advice and guidance to help you return to work.
