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Creating Annuity Revenue Streams for Debt Counsellors
WHAT WE DO
DC Credit Protect partners with Debt Counsellors, no matter how big or small, providing them with annuity revenue streams for referring their clients to us for insurance cover.
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We specialise in providing the following insurance cover to Debt Counselling 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 Debt Counselling 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. In some cases, the saving even enables people to qualify for debt review, where they would otherwise not have been able to afford a reasonable repayment instalment to their credit providers.
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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 Debt Counselling clients. These policies cover the client, their spouse and up to 5 children. It is imperative for Debt Counselling 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.
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Credit Life Insurance for Home Loans
Credit Life Insurance for Home Loans provides vital protection by covering your client’s home loan repayments in the event of death, permanent or temporary disability, retrenchment, or the diagnosis of a dread disease. In accordance with the National Credit Act, credit life insurance is often a mandatory requirement for home loans. As a result, many homeowners are charged for this insurance as part of their monthly bond repayments - often without even realising it. These premiums are frequently bundled into the instalments and can be excessively high, adding unnecessary financial pressure. Fortunately, the Act allows borrowers to source alternative credit life cover. By switching to a more affordable policy - such as the one offered through DCCP - clients receive the same level of protection for a significantly lower premium. This can translate into substantial monthly savings. In many cases, these savings can improve overall affordability, helping clients better manage their home loan repayments or even qualify for debt review when they might otherwise have been declined.
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Short Term Insurance
Your clients work hard for what they have – their car, household contents, and valuables are essential to their daily lives. DCCP’s Short Term Insurance solutions ensure that these possessions are protected against unexpected events such as theft, fire, accidents, or natural disasters. We offer affordable and flexible insurance options specifically tailored for Debt Counselling clients, allowing them to enjoy peace of mind without compromising their budget. Clients can choose cover for: - Motor Vehicles (Comprehensive or Third-Party options) - Household Contents Having adequate short-term insurance safeguards your clients’ assets, helping them stay on track with their debt review plan by avoiding unplanned expenses in the event of loss or damage.
Our insurance products have great benefits to Debt Counsellors and their clients.
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Our premiums and their benefits are very competitive, and the client is always placed in a better position.