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Creating Annuity Revenue Streams for Credit Providers
We partner with various Credit Providers in South Africa including Microfinance Institutions, Commercial Lenders and Educational & Student Credit Providers to provide their clients with tailored and affordable insurance products.
WHAT WE DO
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We specialise in providing the following insurance cover to Credit Providers and their clients:
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Credit Life Insurance
DCCP Credit Life Insurance covers the instalments of your clients’ credit agreements in the event of death, permanent or temporary disability, retrenchment, and dread diseases. In terms of the National Credit Act, credit life insurance is mandatory for credit agreements and therefore Credit Provider clients pay for credit life insurance on almost all their credit agreements. These premiums are worked into the credit instalments and in most cases, it is exorbitant, which comes at the expense of the client. Most clients are not even aware that they have this insurance or that the premiums are included in their credit instalments. The Act gives a client the right to obtain cover elsewhere and by replacing the existing credit life insurance policies with the DCCP policy, your clients have the same benefits, but pay a lower premium. This could save them thousands of rands per month.
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Income Protection Cover
Your clients’ greatest asset is their ability to earn an income. The DCCP Income Protector helps them to protect that asset. There are 3 different options to choose from, which have been designed to pay your client a monthly income in case of the following events: • Accident and Illness • Unemployment/Inability to Earn an Income • Dread Diseases This cover is not only beneficial to your clients, but it also ensures that you retain your income when any of the above mentioned events happens to your clients.
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Funeral Cover
DCCP Funeral Cover pays a specified amount of money in the event of a death, ensuring that the costs of a funeral will be covered so that family members do not have to struggle financially at this difficult time. DCCP has designed 3 options to choose from, catering specifically for the needs of clients of Credit Providers. These policies cover the client, their spouse and up to 5 children. It is imperative for Credit Provider clients to have funeral cover in place, not only to cover themselves, but also loved ones, as the costs associated with the death of a loved one can cause the client to derail from the debt review process.
Our insurance products offer significant value to both Credit Providers and their clients.
With competitive premiums and comprehensive benefits, our solutions are designed to ensure that
clients are always in a better financial position.