Insurance

Think Again!

Fully Insured...

Unfortunately, finance alone won’t adequately secure or insure your assets. Because of this, Nissan Finance has developed a variety of value-added products which fill the insurance gap and safely secure your vehicle ownership and your uninterrupted-usage rights. Have a look at our insurance offerings and contact us to ensure that your assets are safely secured and insured!

Comprehensive Insurance

DRIVA COVER

What it's about:	Standard Comprehensive Cover that covers any accident damage to the insured vehicle or if it were stolen/catches fire or if it were a total loss.
How will the customer benefit:	Vehicle finance taken out through the Bank will be settled enabling you to purchase another vehicle. Your family and financial position remain unaffected and protected by this peril.
Why this product:	DRIVA COVER meets your everyday insurance needs at an affordable premium which is paid in arrears with your vehicle installment- offering convenience and peace of mind knowing your vehicle is covered.

Shortfall Protection

CoverPlus

What it’s about:	If your vehicle is written off or stolen, you may find that the money your insurer pays out is not enough to cover what you still owe your finance house. This policy pays the shortfall for you.
How will the customer benefit:	Not only does this product protect your wallet, if you unintentionally don’t comply with the underlying insurance policy conditions and the insurer repudiates your claim, CoverPlus will step in. In the event of a shortfall, your excess payable by you to your underlying insurer will be paid up to a maximum of R6000.
Why this product:	You will experience great relief knowing you won’t be short of money you owe on your finance agreement if your vehicle is written off or stolen.

What it’s about:

If your vehicle is written off or stolen, you may find that the money your insurer pays out is not enough to cover what you still owe your finance house. This policy pays the shortfall for you.

How will the customer benefit:

Not only does this product protect your wallet, if you unintentionally don’t comply with the underlying insurance policy conditions and the insurer repudiates your claim, CoverPlus will step in.

In the event of a shortfall, your excess payable by you to your underlying insurer will be paid up to a maximum of R6000.

Why this product:

You will experience great relief knowing you won’t be short of money you owe on your finance agreement if your vehicle is written off or stolen.

Deposit Protector

What it’s about:	A policy that protects the value of your deposit paid as per your credit agreement in the event of total loss.
How will the customer benefit:	Where your vehicle is written off or stolen, this policy pays the original deposit that was paid to a maximum of R500 000.
Why this product:	An insurance payout is often not enough to cover the deposit that you originally put down on your vehicle.

Return to Invoice

What it’s about:	This policy protects you from the effect of vehicle depreciation. If your vehicle is stolen or written off, the policy kicks in and covers the difference between the original purchase price you paid and the insured value of your vehicle.
How will the customer benefit:	You gain peace of mind knowing that if your vehicle is written off or stolen during the period of insurance, the benefit will pay the difference between the original purchase price (as per the purchase agreement/ invoice), excluding any amount refundable. (Examples of refundable amounts include, but are not limited, to motor warranty premiums.) The maximum limit is R500 000.
Why this product:	New vehicles depreciate up to 25% in the first year. In the second and third year it is up to 12%. That’s a depreciation of nearly 50% of the value in years 1, 2 and 3. This policy protects you from significant financial loss for the first 36 months of your credit agreement.

DEBT PROTECTION

Credit Protection Policy

What it’s about:	Credit Life covers you and your family in the event of your death, permanent disability, temporary disability, retrenchment or diagnosis of a dread disease. (The following are defined as dread diseases: heart attack; stroke; cancer; coronary artery bypass graft; heart valve surgery; renal failure; paralysis; blindness; major organ transplant; coma; major burns and loss of limb).
How will the customer benefit:	These benefits terminate at 65^th birth date. In the event of your: - Death: the policy will pay out what you still owe your financial institution. Only the death benefit will be payable till the 70^th birth date. - Permanent disability: The policy will pay out what you still owe your financial institution. - Temporary disability: while you are temporarily disabled you will receive an amount of money equal to your monthly installments. - Dread diseases: the policy will pay out what you still owe your financial institution once there is a conclusive diagnosis of the dread disease. (Heart attack; stroke; cancer; coronary artery bypass graft; heart valve surgery; renal failure; paralysis; blindness; major organ transplant; coma; major burns and loss of limb) - Retrenchment: your monthly installments will be paid for a maximum period of 3 months per claim, but limited to a maximum period of 6 months. After a claim-free period of 6 consecutive months of permanent employment has been achieved, the benefit will be reinstated for new retrenchment claims
Why this product:	You won’t have to cash in your life policies to settle all your debt. Your family won’t be without a vehicle if something happens to incapacitate you. Second life i.e. your spouse or business partner can also be insured for 30% of the premium on the first life.

What it’s about:

Credit Life covers you and your family in the event of your death, permanent disability, temporary disability, retrenchment or diagnosis of a dread disease. (The following are defined as dread diseases: heart attack; stroke; cancer; coronary artery bypass graft; heart valve surgery; renal failure; paralysis; blindness; major organ transplant; coma; major burns and loss of limb).

How will the customer benefit:

These benefits terminate at 65^th birth date.

In the event of your:

- Death: the policy will pay out what you still owe your financial institution. Only the death benefit will be payable till the 70^th birth date.

- Permanent disability: The policy will pay out what you still owe your financial institution.

- Temporary disability: while you are temporarily disabled you will receive an amount of money equal to your monthly installments.

- Dread diseases: the policy will pay out what you still owe your financial institution once there is a conclusive diagnosis of the dread disease. (Heart attack; stroke; cancer; coronary artery bypass graft; heart valve surgery; renal failure; paralysis; blindness; major organ transplant; coma; major burns and loss of limb)

- Retrenchment: your monthly installments will be paid for a maximum period of 3 months per claim, but limited to a maximum period of 6 months. After a claim-free period of 6 consecutive months of permanent employment has been achieved, the benefit will be reinstated for new retrenchment claims

Why this product:

You won’t have to cash in your life policies to settle all your debt.
Your family won’t be without a vehicle if something happens to incapacitate you. Second life i.e. your spouse or business partner can also be insured for 30% of the premium on the first life.

Health Credit Policy

What it’s about:	Cover provided in the event of your death or permanent disability.
How will the customer benefit:	This policy will ensure that in the event of your death or permanent disability, the full outstanding amount on your finance agreement will be settled automatically. The death benefit will terminate at the 73^rd birth date, whereas the permanent disability will terminate at the 65^th birth date.
Why this product:	You can rest assured knowing your family won’t be left struggling with debt they are unable pay in the event of your death or permanent disability.

Retrenchment Policy

What it’s about:	This product has been designed with the current economic climate in mind. It will minimize loss to you, if you are involuntarily retrenched on up to two occasions.
How will the customer benefit:	While you are retrenched, the policy will pay your full installments (including insurance premiums, but specifically excluding arrear interest and arrears) will be paid. The maximum time period over which you will be covered for is 9 months.
Why this product:	In our current struggling market economy, the possibility of being retrenched and left with no funds to pay your debts is unfortunately high.

Vehicle Protection

SMART STREAMLINE

What it’s about:	The Streamline policy brings you affordable vehicle maintenance that covers the repair cost of everyday wear and tear to the interior and exterior of your vehicle.
How will the customer benefit:	No excess payable, so you save money. Mobile repairers and the mobile assessors are available for technical advice, so you save time and energy. You’re able to maintain the condition of the interior and exterior of your vehicle, which means you also save money at trade-in stage.
Why this product:	The monthly instalments are affordable. The claims process is user-friendly. You are able to keep your vehicle in mint condition, which increases your likelihood of receiving an excellent trade-in valuation. Does not affect your comprehensive insurance claiming record.

Courtesy Car

What it’s about:	Provides you with a courtesy car when your vehicle is being serviced or is in for mechanical/accidental repairs, or if it has been stolen or written off.
How will the customer benefit:	A hired car for: 21 days, per year, in the event of an accident write off or when the vehicle is hi-jacked or stolen. 7 days, per year, in the event of a mechanical breakdown. 2 days, per year, when the vehicle is booked in for a service.
Why this product:	Ensures that you are not inconvenienced by not having a vehicle to get to your place of work or conduct business due to the above mentioned circumstances.

What it’s about:

Provides you with a courtesy car when your vehicle is being serviced or is in for mechanical/accidental repairs, or if it has been stolen or written off.

How will the customer benefit:

A hired car for:

21 days, per year, in the event of an accident write off or when the vehicle is hi-jacked or stolen. 7 days, per year, in the event of a mechanical breakdown. 2 days, per year, when the vehicle is booked in for a service.

Why this product:

Ensures that you are not inconvenienced by not having a vehicle to get to your place of work or conduct business due to the above mentioned circumstances.

Warranty

Standard/Prestige/Prestige Plus
What it’s about:	The Nissan Finance warranty covers repair costs of mechanical failure including, parts, labor and related costs. There are 3 (three) options available to the customer, namely Standard, Prestige and Prestige Plus.
How will the customer benefit:	The product can be transferred to a new owner should the vehicle be sold, as well as optional additional benefits, such as: vehicle hire and overnight accommodation.
Why this product:	The customer can experience peace of mind motoring knowing that the vehicle is covered.

Contact Us

These affordable products are available to all customers with Nissan Finance. Terms and Conditions apply.

All existing customers can manage account related queries, including settlements, statements, NaTIS and border letter requests by visiting our Account Services website. Alternatively, you may use any of our contact details listed below during weekdays 8am - 5pm and Saturdays 8am - 12pm.

Tel: 0861 288 272 | Fax: 0861 888 272 | Email: service@wesbank.co.za

Enterprise Rd, Fairland, 2170

For information relating to new business, please use any of our contact details listed below during weekdays 8am - 5pm and Saturdays 8am - 12pm. Tel: 0861 000 586 | Fax: 0861 101 833 | Email: service@wesbank.co.za

Nissan Finance, a product of WesBank. A division of FirstRand Bank Limited. An authorised financial services and credit provider. NCRCP20 V2.1.1 01/04