Credit Card Payment Insurance

Protect your lifestyle by insuring the balance of your National Bank Mastercard credit card.

Insure your National Bank Mastercard. Call us now !

Insure your National Bank Mastercard.

Call us now : 1-888-622-2783

Coverage

5 times the balance of your credit card

In the event of accidental death, your insurance will pay out an amount equivalent to 5 times the balance1 of your credit card, up to a maximum of $50,000. This coverage applies to the primary cardholder and their spouse, if the spouse is an additional user.

The balance of your credit card

In the event of death, accidental dismemberment or a first diagnosis of cancer, your insurance will pay out an amount equivalent to the balance1 of your credit card, up to $10,000. This coverage applies to the primary cardholder and their spouse, if the spouse is an additional user.

5 % of your balance, every month

The primary cardholder may also be covered in the event of disability or job loss. In these situations, 5% of the balance1 will be paid off each month, as long as the situation persists, allowing you to get back on your feet without having to worry about this financial obligation.

Not worried about losing your job?

Every individual has different concerns; for example, self-employed workers may not be worried about losing their job. That’s why National Bank Insurance offers credit card payment insurance solutions tailored to your needs.

Guaranteed acceptance

If you are age 18 or older and a resident of Canada, acceptance is guaranteed and no medical questions will be asked. This coverage can be added or removed at any time. For more information on payment insurance, consult the distribution guide.

Am I entitled to benefits?

Although acceptance is guaranteed, we want to make sure that you are fully aware of the conditions that must be met for you to be able to receive benefits. For details of these conditions and applicable exclusions, read the distribution guide before signing up for credit card payment insurance.

You will then receive an insurance certificate which  will set out conditions, limitations and timelines for the coverage to take effect.

Note: You will not receive benefits if the situation was already present or known before you decided to take out insurance.

For example, you cannot take out insurance to cover job loss if you know that your company will shut down in two months, nor can you make a claim for a first cancer diagnosis if you think you already have symptoms.

Feel free to contact our Customer Service Department if you have any doubts concerning your situation or to learn more about credit card payment insurance. 

 

1The balance on the last account statement prior to the date of the insured event.

Insurer

Distributor

Legal note

Evaluate your financial health

What would your financial situation if you were the victim of a disability?

Do the math

Credit card offered by National Bank

Discover the different Mastercard® credit card offered by National Bank.

Find a card