What is loan protection insurance?
Free cover that can repay your loan if you pass away
Loan protection insurance comes with your loan as part of being a member. If you pass away with a balance still owing, the insurance can repay it, so your loan doesn't become a worry for the people you care about.
There's nothing to sign up for, nothing extra to pay and no separate policy to manage.
What it covers
- Loans up to £20,000.
- Cover until your 70th birthday.
Cover is subject to eligibility and the policy terms, and isn't guaranteed. The full details are on our loan protection page.