What does Q MasterCard Card Repayment Insurance cover?

Subject to you being eligible to claim under the policy Q Mastercard Card Repayment Insurance will pay:

 

The Closing Balance of the Q Mastercard Account up to a maximum of $20,000 in the event of:

  • Permanent Disability
  • Death or Terminal Illness
  • Bankruptcy

The Closing Balance will be the balance of the Q Mastercard Account at the time of the Bankruptcy, Death or Permanent Disability or the diagnosis of the Terminal Illness.

 

3 times the minimum Monthly Payment for a Flexi Payment Purchase, Cash Advance and Standard Q Purchase and 1 times the minimum Monthly Payment for a Fixed Instalment Purchase and any Fees for up to 6 months in the event of:

  • Redundancy

The total benefit paid will be the lesser of the total of the Closing Balance or $20,000.

 

3 times the minimum Monthly Payment for a Flexi Payment Purchase, Cash Advance and Standard Q Purchase and 1 times the minimum Monthly Payment for a Fixed Instalment Purchase and any Fees for up to 3 months (thereafter Permanent Disability cover may apply) in the event of:

  • Temporary Disability

The total benefit paid will be the lesser of the total Closing Balance or $20,000.

 

For more information view the Q Mastercard Card Repayment Insurance policy or call 0800 855 333.