Loan Protection Insurance

Having your loan repaid in the event of your death means your family won't have to worry about the repayments themselves. They'll have enough to deal with as it is.

Insurance may also help cover your loan repayments if you are unfit to work or if you've been made bankrupt.

We now offer CreditCare Insurance on personal loans via Provident. Click here to learn about CreditCare

Insurance premiums can be added to your loan balance or can be paid separately at the start of your loan.

Cover can be applied for at the time of signing up for your personal loan, so talk to your lending consultant about the options. Cover is not compulsory. If you have any questions, please contact us.

Transfer of previous First Insurance Limited (FIL) Loan Protection Insurance policies to Provident

On 1 April 2025, FIL transferred its Loan Protection Insurance policies to Provident Insurance Corporation Limited. 

Existing members with Loan Protection Insurance retain their cover on the same terms, with Provident as the insurer. However, no new policies or additional covers can be taken out on the previous FIL terms- instead, we now offer CreditCare Insurance on personal loans via Provident as outlined above. If you have any questions, please contact us.