The insurance does not provide accident and sickness cover relating to: pre-existing medical conditions (this is any medical condition which the nominated person knows about when cover starts or they've seen a doctor about in the 24 months before taking out the cover; cover can still be provided, but may be limited if pre-existing medical conditions exist); drug abuse, alcohol abuse or wilful actions of a nominated person; sickness resulting from pregnancy or childbirth where disability commences within 3 months before or after expected date of birth; cosmetic surgery or other treatment which is not medically necessary; war; or when any person reaches the age of 70.
Monthly benefits are currently selected in units of £50 with a minimum of 2 units (the maximum monthly benefit for each nominated person is £1,250).
Life benefits are currently selected in units of £1000 (the maximum life insurance benefit for a nominated person is £25,000).
Please refer to the Commercial Overdraft Repayment Insurance Policy Summary or speak to your business manager.
