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Insurance
Protect what's most important.
Protect your family's financial well-being. Consider credit protection offered by Scotia Insurance Caribbean Limited, a wholly owned subsidiary of Scotiabank. Incorporated in Barbados in 2012, Scotia Insurance Caribbean Limited offers credit insurance to Scotiabank customers on their personal loans, mortgages, credit cards, and ScotiaLine accounts. Scotia Insurance Caribbean Limited is backed by the strength and stability of Scotiabank, one of the region's leading banks.
Credit Protection:
Ensure the principal and interest remaining on your Scotia Plan Loan, Mortgage, ScotiaLine Personal Line of Credit, or Credit Cards - can be paid off in the event of your death, the diagnosis of a critical illness or health crisis.
Available Life coverage at affordable monthly premiums based on your previous month's outstanding account balance. Automatic approval for those under age 70 if enrolling for Life Protection. Single life coverage costs only 29 cents for every $100 of your previous month's outstanding account balance. No premiums charged for zero balance.
Premiums are based on your outstanding account balance and your age. Automatic approval if you're age 65 or under when you enrol for Life coverage.
Ensure that your outstanding loan balance is paid up to the policy maximum in event of your death. Joint coverage available.
Premiums are determined by your age and Mortgage account balance on the date you apply. The younger you are, the less you pay, and joint coverage discounts are available.
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Insurance
Protect your family’s financial well-being. Ensure that the principal and interest remaining on your Scotiabank loan, mortgage, line of credit or credit cards are paid off in the event of your death or a diagnosis of a critical illness or health crisis.
Credit Protection Insurance
Ensure that your loan and credit balances are covered in the event a tragedy.
Credit Protection for Credit Cards
Affordable monthly premiums based on your balance. Automatic approval for those under 70. Single coverage only 29 cents for every $100, and no premium charge for zero balance.
Credit Protection for ScotiaLine
Enjoy proportional premiums based on the previous month’s balance and your age, and automatic approval if you’re 65 or under upon signup.
Credit Protection for Scotia Plan Loans
Ensure that your outstanding loan balance is paid up to the policy maximum in event of your death. Joint coverage available.
Credit Protection for Residential Mortgages
The younger you are, the less you pay. Joint coverage discounts available.