Repayment protection

The main benefits of our policy are:

It covers you for a maximum life benefit of Ł50,000.

It covers you for a maximum monthly benefit of Ł2,500 for accident & sickness and unemployment claims.

You can claim for stress and backache (with supporting medical evidence).

If you decide to cancel the policy before the end of your loan and haven't missed a payment or made a claim, the unused part of the policy will be refunded.

Is it right for you?

To take out this peace of mind you need to:

Be a UK resident
Be aged between 18 and 64 years old
Be in full-time employment or self employed for more than 6 consecutive months

As with all insurance policies there are circumstances that will not be covered by the policy. The key exclusions are:

Disability or death resulting from a pre-existing medical condition
Unemployment which is voluntary or results from your misconduct
Critical illness that occurs within 3 months of the start cover, or which results from a pre-existing condition.

Repayment protection cover is optional and not a condition of your loan.

policy documents

Please make sure before you take out payment protection that you have read the policy booklet. To view and print the booklet, you will need Adobe Acrobat. To download this programme for free, simply click on the icon below. To read the PDF document with a screen reader please link to the Access Adobe website which provides useful tools and resources. Adobe also has a free online conversion tool for pdfs.

Please be aware that viewing this document will launch a new browser window and it may take some time to download.

	policy document

	Silver Payment Protection (PDF 112KB)


	You will need Adobe Acrobat Reader to view and print these documents. You can download this for free by clicking on the icon.

How to make a claim

If you need to make a claim on your repayment protection policy all you need to do is call: 0870 9052119 to register your claim.

The average time taken for a first payment to be made on an accident and sickness claim is 5 working days. This is based upon a claim form being received, fully completed and with the customer already having been certified as unfit to work for 14 days.

The average time taken for a first payment of be made on an unemployment claim is 5 working days. This is based upon a claim form being received fully completed and with the customer already having been registered as Unemployed with the Employment Service for at least 30 days.

Who arranges payment protection?

Sainsbury's Bank plc introduce to Bank of Scotland plc for sale of Creditcare. Creditcare is underwritten by St Andrew's Life Assurance plc (Registered No 3104670) (England) and St Andrew's Insurance plc (Registered No 3104671) (England) ("the Companies"), St Andrew's House, Portsmouth Road, Esher, Surrey, KT10 9SA. United Kingdom law allows parties to choose the law applicable to a contract. The contract will be subject to the law applicable to the region of the United Kingdom in which you reside. The Financial Services Compensation Scheme may assist you if the Companies, in some circumstances, are unable to meet their liability to you. Details are available on request. Sainsbury's Bank plc, St Andrew's Life Assurance plc and St Andrew's Insurance plc are connected companies as the ultimate parent company of St Andrew's Life Assurance plc and St Andrew's Insurance plc also has shares in Sainsbury's Bank plc.

Sainsbury's Bank plc, registered Office, 33 Holborn, London, EC1N 2HT (registered in England,no.3279730) is authorised and regulated by the Financial Services Authority (FSA).

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