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Credit Life Cover

Protect you and your loved ones from debt repayments when the unexpected happens

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Secure Your Finances & Future

If there’s one thing that the Covid-19 pandemic taught us, it’s that our jobs are not as secure as we always thought. Our primary income is like a table with one leg — if the leg breaks, there’s nothing left to support the table. So, what happens to your debt if you get retrenched

That’s where credit life cover comes to your rescue. With retrenchment cover and a solid salary protection plan, you can have peace of mind that if things go south in the future, you’ll have loan insurance that allows you to keep on caring for your loved ones until things get better.


Credit insurance is always a good investment, no matter how secure you might think your career is. Meerkat credit life cover goes above and beyond with comprehensive cover in the event of death, temporary and permanent disability, and retrenchment.

Our insurance policy is underwritten by Old Mutual Alternative Risk Transfer Limited, part of the Old Mutual Group.


Why Choose Meerkat Credit Life Cover?



One affordable payment to cover multiple different credit life policies.


Competitive premiums that allow you to get more credit protection insurance for less.


Sign up and make claims all in one place with our quick and easy digital process.


Free resources to help you understand and reduce your reliance on debt and build up resilience for financial emergencies and giving you peace of mind for the future.


What is credit life insurance?

CLI is cover that is added to your unsecured loans at time of application. (We do not cover secured loans i.e vehicles and bonds). This cover protects you in the event of death, disability, or retrenchment. Your debt continues to be paid when you have no income.

Who can get cover?

An applicant will be eligible for cover under this Policy if he/she is aged 18 (eighteen) at commencement, and his/her final credit agreement repayment date is at least 2 (two) months before he/she reaches the age of 65 (sixty five) years.

How do I claim?

Contact insurance@meerkat.co.za or call 021 003 4534.

OMART will only pay valid claims directly to the bank accounts of the credit providers on record at the time of receipt of the claim.

A claim must be made within 3 (three) months of the Claim Event. If the claim is only submitted after the aforementioned 3 (three) months, an affidavit which explains the reason for the delay and which supports the claim documentation will be required.

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