Truworths Account Balance Protection Insurance

Organization : Truworths
Type of Facility : Account Balance Protection Insurance
Head Office : Cape Town
Website : https://www.truworths.co.za/investors/account-balance-insurance
Apply Here : https://www.truworths.co.za/balance-insurance-apply

Truworths Account Balance Protection Insurance

** Truworths, together with The Hollard Life Assurance Company Limited (“Hollard”), has designed an insurance policy that includes retrenchment, death, disability and dread disease protection. If you are a Truworths account holder and are 59 years of age or younger, you may apply for the cover.

Related : Truworths Customer Service Enquiries Number : www.southafricain.com/8133.html

The three options are as follows :
1. Account Holder Cover Option :
** Provides insurance cover for the amount outstanding on your Truworths account (up to R5 000) in the event that you are retrenched, die, contract a dread disease or become permanently disabled.

2. Partner Cover Option :
** Provides insurance cover for the amount outstanding on your Truworths account (up to R5 000) in the event that your partner is retrenched, dies, contracts a dread disease or becomes permanently disabled.

3. Joint Cover Option :
** Provides cover for both yourself and your partner, which provides you with insurance for the amount outstanding on your Truworths accounts (up to R7 500) in the event that either/both you or/and your partner die, are retrenched, contract a dread disease or become permanently disabled.

Plus :
** If both you and your partner have Truworths accounts, you may both apply for joint cover, which then provides you both with insurance for the amount outstanding on both your Truworths accounts (up to R7 500 per account) in the event that either/both you or/and your partner die, are retrenched, contract a dread disease or become permanently disabled.

** Please remember to read the Account Balance Insurance Terms and Conditions before submitting your application.
** To apply for this insurance benefit, please click on the apply now button below.

Eligibility :
** A Person who has an existing retail account with TRUWORTHS or who successfully applies to open a retail account with Truworths where Accountholder or Partner Cover has been selected, or is the Partner of such a person where Joint Cover has been selected.

** The Insured Persons will be covered for the benefits stated in the table below.
** Insured Persons are eligible to apply for cover of the benefits described above, provided they are over the age of 18 (eighteen) years and below the maximum entry age as stated in the table below at the Commencement of Insurance.

** Where an Insured Person is over the maximum entry age as stated in the table below at the Commencement of Insurance for a particular benefit, the Insured Person will not be covered for that benefit.

Deferred Period :
The Deferred Periods applicable to each benefit are specified in the table below.

** The Permanent Disability Benefit will only be paid once Hollard is satisfied that the condition is permanent. If further claim investigation is necessary in order to form a more accurate and fair assessment of the disability, Hollard reserves the right to extend the Deferred Period.

** Premiums are payable during the Deferred Period, and any extended Deferred Period required by Hollard.

Waiting Periods :
The Waiting Periods applicable to each benefit are specified in the table below.

** There is no Waiting Period for claims that are the result of an Accident that occurred after the Commencement of Insurance.

** Should cover in respect of an Insured Person be terminated and subsequently reinstated, the Waiting Periods will commence on the date of reinstatement, unless waived in writing by Hollard.

** Should cover for a new retail account be applied for, a new Application Form for cover under this policy must be submitted and the Waiting Periods will again apply to the new retail account from the Commencement of Insurance of such account.

FAQ On Truworths Account

Here are some frequently asked questions (FAQ) about Truworths accounts:

What is a Truworths account?
A Truworths account is a credit facility offered by Truworths, a South African clothing retailer. It allows customers to buy clothing and other items on credit and pay off the balance in monthly instalments.

How do I apply for a Truworths account?
You can apply for a Truworths account online or in-store. To apply, you will need to provide your personal information, including your ID number, contact details, and employment information.

What are the benefits of having a Truworths account?
The benefits of having a Truworths account include access to credit to purchase clothing and other items, exclusive promotions and discounts, and the ability to manage your account online.

Additional Simplified Procedure

There are two ways to apply for Truworths Account Balance Protection Insurance:

In-store:
You can apply for the insurance in any Truworths store. Just ask a sales assistant for assistance.

Online:
You can apply for the insurance online at the Truworths website. Just go to the “Account Balance Protection Insurance” page and follow the instructions.

Here are the documents that you need to provide when applying for Truworths Account Balance Protection Insurance:
* Your Truworths Account number
* Your ID number
* Your proof of income
* Your proof of residence

The premium for Truworths Account Balance Protection Insurance is charged at 35c per R100 of the balance owing on your account. This fee is inclusive of a commission of 22.5% payable to Truworths. The insurance covers you in the event of retrenchment, death, serious illness, or permanent disability. If you are covered by the insurance and you experience one of these events, the insurance will pay off your outstanding balance on your Truworths Account.

Here are the steps on how to apply for Truworths Account Balance Protection Insurance online:
1. Go to the Truworths website: https://www.truworths.co.za/.
2. Click on the “Account Balance Protection Insurance” tab.
3. Enter your Truworths Account number and password.
4. Read the terms and conditions of the insurance.
5. Click on the “Apply Now” button.
6. Fill out the online application form.
7. Upload your supporting documents.
8. Pay the application fee.
9. Submit your application.

Once you have submitted your application, Truworths will review your application and let you know if you have been approved. The application process usually takes a few days.