Common use of Automatic Debt Protection Clause in Contracts

Automatic Debt Protection. 30.1.1. You will receive Automatic Debt Protection cover, as an embedded value added service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount, whichever is the lesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We (the Insurer) must receive satisfactory proof of your death or permanent disability within twelve (12) months of the event; • We will not waive any amount owing to us that is greater than five thousand Rand (R5 000) for Aspire cardholders, twelve thousand Rand (R12 000) for Premier cardholders, one thousand Rand (R1 000) for “Standalone Petro Card” holders, twelve thousand Rand (R12 000) for "Private Clients" cardholders and twelve thousand Rand (R12 000) for “Private Wealth”cardholders.

Automatic Debt Protection. 30.1.1. 32.1.1 You will receive Automatic Debt Protection cover, as an embedded value added add service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount, whichever is the lesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We (the Insurer) must receive satisfactory proof of your death or permanent disability within twelve (12) months of the event; • We will not waive any amount owing to us that is greater than five thousand Rand (R5 R 5 000) for Aspire cardholders, twelve thousand Rand (R12 R 12 000) for Premier cardholders, “Platinum” cardholders and one thousand Rand (R1 R 1 000) for “Standalone Premier Petro Card” holders, twelve . Twelve thousand Rand (R12 000) for "Private Clients" cardholders and twelve thousand Rand (R12 R 12 000) for “Private Wealth”cardholdersClients” cardholders. Twelve thousand Rand (R 12 000) for “Private Wealth” cardholders.

Automatic Debt Protection. 30.1.1. 31.1.1 You will receive Automatic Debt Protection cover, as an embedded value added add service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount, whichever is the lesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • - We (the Insurer) must receive satisfactory proof of your death or permanent disability within twelve (12) months of the event; • - We will not waive any amount owing to us that is greater than two thousand Rand (R 2 000) for “Classic” (Silver) cardholders, five thousand Rand (R5 R 5 000) for Aspire “Gold” cardholders, twelve thousand Rand (R12 R 12 000) for Premier cardholders, “Platinum” cardholders and one thousand Rand (R1 R 1 000) for “Standalone Premier Petro Card” holders, twelve . Twelve thousand Rand (R12 000) for "Private Clients" cardholders and twelve thousand Rand (R12 R 12 000) for “Private Wealth”cardholdersClients” cardholders. Twelve thousand Rand (R 12 000) for “Private Wealth” cardholders.

Automatic Debt Protection. 30.1.1. 31.1.1 You will receive Automatic Debt Protection cover, as an embedded value added service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount, whichever is the lesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We (the Insurer) must receive satisfactory proof of your death or permanent disability within twelve (12) months of the event; • We will not waive any amount owing to us that is greater than five thousand Rand (R5 R 5 000) for Aspire cardholders, twelve thousand Rand (R12 R 12 000) for Premier cardholders, “Platinum” cardholders and one thousand Rand (R1 R 1 000) for “Standalone Premier Petro Card” holders, twelve . Twelve thousand Rand (R12 000) for "Private Clients" cardholders and twelve thousand Rand (R12 R 12 000) for “Private Wealth”cardholdersClients” cardholders. Twelve thousand Rand (R 12 000) for “Private Wealth” cardholders.