Consumer Credit Insurance is consumer credit insurance (cci) product. It is an optional form or loan protection, which is designed to protect a borrower’s loan repayment obligations in the event of financial loss due to the borrower’s critical illness, Disability, Redundancy, or Business Failure.
Consumer Credit Insurance (CCI) is insurance that covers you if something happens that affects your capacity to meet the payments on your loans and other credit.
What is a credit insurance product?
Credit Insurance is a type of life insurance policy which generally is bought at time of finance of a car in most cases. It’s designed to provide you with payment relief options if in the case certain events occur that limit you from continuing to make loan repayments.
See the CCI Product Disclosure Statement for more information