Farmers Card Repayment Insurance

 

Please Note: Repayment Insurance policies are no longer being sold or existing policies renewed.  If you hold an existing Repayment Insurance policy it will continue on its terms until expiry, and will not be renewed.

If you are an existing Repayment Insurance policyholder, this policy could pay the entire Card Balance of your Farmers Finance Card in the event of a major problem, such as terminal illness, disability or bankruptcy. The policy benefits are also extended to your partner.

This policy is underwritten by Consumer Insurance Services Limited (CISL).

 

How would you make your Farmers Card repayments if you or your partner couldn't work due to accident, illness or redundancy?

 

Repayment insurance makes good sense

 

 

  • Farmers Card Repayment InsuranceIt costs just 89 cents for each $100 of your closing balance each month where a payment is due. And only 63 cents for each $100 of your closing balance each month that is within a payment holiday period. So if you owe nothing then no premium is charged.
  • Cover your Card Balance if you or your partner are made redundant* If you or your partner are a permanent full-time employee and are made involuntarily redundant and are unable to work for at least 30 consecutive days or more; then this Policy could pay your Card Balance.
  • Cover your Card Balance if you or your partner are declared bankrupt* If you or your partner are declared bankrupt, then this Policy could pay your Card Balance.
  • Cover your Card Balance for temporary or permanent disablement* If an accident or illness prevents you or your partner from working for 30 consecutive days or more; then this Policy could pay your Card Balance.
  • Cover your Card Balance for terminal illness or death* In the event you or your partner are diagnosed with a terminal illness or your or your partners passing, then this Policy pay your Card Balance.

*Terms and conditions apply. Click here to view the full policy and the terms and conditions.