Payment Protection
Covering your financial commitment
No matter how carefully you plan, it's impossible to know what may lie around the corner. Unemployment, injury or illness can happen to anyone at any time. That's why a Payment Protection Plan can enable you to enjoy your car without having to worry about the future, offering peace of mind in case you are off work because of disability or made unemployed.
Payment Protection Insurance from Chrysler Group Insurance Services can cover the repayment of your loan in the event of your death or if you are off work as a result of accident, sickness, critical illness or unemployment.
Benefits include:
- Up to £75,000 of life cover including any final payment
- The maximum monthly benefit amount will be the lower of your monthly repayment or £1,500 per month.
- No occupational or job restriction
- No medical examination
You can choose from the following levels of cover:
| Cover | Executive | Executive Plus | Executive Premium |
| Life | O | O | O |
| Critical Illness | O | O | O |
| Accident or Sickness | O | O | |
| Unemployment (including Carer) | O |
To be eligible for Executive cover you must:
- be over 18 and under 65, and not reach 70 before your finance agreement is due to end,
- live in the United Kingdom, and
- have a finance agreement.
To be eligible for Executive Plus or Executive Premier cover you must:
- be over 18 and under 65, and not reach 70 before your finance agreement is due to end,
- be in paid work (please see the policy summary for fuller details of both benefits and exclusions)
- live in the United Kingdom, and
- have a finance agreement.
Please speak to the Business Manager in your local Dealer to find out more information.
This is only a brief summary of cover; please ask your Dealer for full terms and conditions, including exclusions.
Who are the insurers?
The insurers for this policy are Sterling Life Limited for the life cover and Sterling Insurance Company Limited for the Critical Illness, Accident / Sickness and Unemployment cover.
Sterling Life Limited, registered number 911235 and Sterling Insurance Company Limited, registered number 498605 each have their registered office at Ambassador House, Paradise Road, Richmond upon Thames, Surrey, TW9 1SQ. Both Sterling Life Limited and Sterling Insurance Company Limited are authorised and regulated by the Financial Services Authority.
