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Overdraft Assurance
When you receive credit from Nedbank you are entitled to join this plan as a member, provided it is done within 1 month of the date of credit approval. Participation in this plan is voluntary for eligible borrowers, who on election of cover become members of this arrangement.
- Minimum age at entry 18
- Maximum age at entry 55
- Ceasing age of cover 65
The Policy Contract provides insurance cover on:
- The insurance will cover your outstanding personal loan/overdraft, if you die
The maximum cover under the Policy Contract is limited to an outstanding loan of N$200 000. Benefits will be paid directly to Nedbank Namibia Limited.
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