Insurance from Meerkat. Protect your loved ones from your debt.


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Why Meerkat Credit Protection Plan?

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  • One single contract, 1 premium designed to replace all the individual policies you have and SAVE you money
  • Providing rich cover at a competitive premium.
  • Potential savings realized from replacing expensive, inferior cover.
  • Seamless digital delivery.
  • Comprehensive cover including death, temporary and permanent disability, critical illness and retrenchment benefits.
  • Fully automated processes and reporting
  • Proactive claims processing driven by mobile technology.
  • Claims paid immediately to the credit provider upon receipt of requirements
  • No underwriting required.

What Does It Cost?

We have various levels of cover available, but our default product will cost R4.50 per every R1000 debt you have So, if you owe R50 000, your cover will cost R225. On average we can help save our customers an extra R200 per month.

Meerkat Credit Life Insurance FAQ’s


What is Meerkat credit life Insurance and why do I need it?

Our credit life insurance product is designed to settle your debt if you die or should you no longer receive an income due to permanent disability and/or severe illness or are retrenched. You and your dependents will have peace of mind that Meerkat will settle your debt for you.

What if I already have insurance on my loans?

Meerkat’s credit life insurance has been designed to replace the multitude of individual credit life policies you have in a single comprehensive more affordable policy.

Who qualifies for Meerkat’s credit life insurance?

Customers aged from 18 – 55 two months before the final installment is due.  You need to be in permanent employment to qualify for any employment-related benefits, such as disability or retrenchment.

What exactly does it cover?

  • In the event, you die we will settle the full outstanding debt
  • In the event, you become permanently and totally disabled we will settle the full outstanding debt.
  • In the event of temporary disability, we will cover up to 12 monthly repayments and then settle the outstanding debt if no recovery
  • Should you suffer from a critical illness we will settle the full outstanding debt upon diagnosis of the following:
  1. Heart Attack
  2. Stroke
  3. Cancer
  4. Renal Failure
  5. Coronary Heart Disease Surgery
  6. Surgery Aorta Disease
  7. Replacement of a Heart valve
  8. Organ Transplant
  9. Coma
  10. Major Burns
  11. Paraplegia
  12. Blindness
  13. Loss of Limb
  14. Loss of Speech
  15. HIV from blood transfusion
  • Should you be retrenched we will cover your debt for up to 12 monthly repayments.

Do I need to have any medical tests?

No there are no underwriting requirements, just a smoker declaration and photographic proof of the following:

  • ID Document of life insured
  • Selfie of life insured
  • Payslip of life insured

021 003 4534