What it's about:

Credit Life covers you and your family in the event of your death, permanent disability, temporary disability, retrenchment, or diagnosis of a dread disease. (The following are defined as dread diseases: heart attack; stroke; coronary artery surgery; cancer; kidney failure; organ transplant; paraplegia; coma; serious burns, replacement of heart valve, renal failure; and blindness.)

How you will benefit:

In the event of:

your death: the policy will pay out what you still owe on your financial agreement.
your permanent disability: the policy will pay out what you still owe on your financial agreement.
your temporary disability: while you are temporarily disabled, your monthly instalments on the financial agreement will be paid.
a diagnosis of a dread disease: once there is a conclusive diagnosis of the dread disease, the policy will pay out what you still owe on your financial agreement. (The following are defined as dread diseases: heart attack, stroke, coronary artery surgery, cancer, kidney failure, organ transplant, paraplegia, coma, serious burns, replacement of heart valve, renal failure and blindness.) retrenchment: your monthly instalment on your financial agreement will be paid for a maximum period of 3 months per claim. (You may only claim for a total of 6 months, and there is a waiting period of 3 months.)

Why this product:

You won't have to cash in your life policies to settle all your debt.
Your family won't be without a vehicle if something happens to incapacitate you.
You can get discounted cover for a "second life": your spouse or business partner can be insured for 30% of the premium on the plan's "first life".
The death benefit is valid up to the age of 65. The other benefits are valid until up to the age of 60.

What it's about:

The Credit Health Policy ensures that in the event of your death or permanent disability, the full outstanding amount on your finance agreement will be settled automatically.

How you will benefit:

In the event of your:

death: the policy will pay out what you still owe on your financial agreement.
permanent disability: the policy will pay out what you still owe on your financial agreement.

You can take advantage of a cash-back benefit: in exchange for your completion of a short health and lifestyle questionnaire, at the end of the policy term the policy will give back, in cash, 10% of the premiums you paid.

Why this product:

You will be able to rest assured that your family won't be left struggling with debt they can't pay in the event of your death or permanent disability. The Credit Health Policy's death benefit is valid up to the age of 65, while the permanent disability benefit is valid up to the age of 60.

What it's about:

This product has been designed with the current economic climate in mind. It will minimise loss to you and your financial institution if you are involuntarily retrenched on up to two occasions.

How you will benefit:

While you are retrenched, the policy will pay your full instalments (including insurance premiums, but specifically excluding arrear interest and arrears). The maximum time period over which you will be covered is 9 months.

Why this product:

In our current struggling market economy, the chance of being retrenched and left with no funds to pay your debt is unfortunately high.

What it's about:

Any asset you acquire under a credit agreement has to be insured so that you and WesBank are protected in the event of damage or total loss. We can quickly source 7 competitive quotes for you from South Africa's leading insurers.

How you will benefit:

Your cover is arranged over the phone - no paperwork!

Why this product:

We arrange ideal comprehensive insurance instantly and with no fuss.

What it's about:

If your vehicle is written-off or stolen, you may find that the money your insurer pays out is not enough to cover what you still owe your finance house. The CoverPlus policy pays the shortfall for you.

How you will benefit:

Not only does this product protect your wallet - it extends to cover your vehicle if it gets minor scratches and dents. (This usually falls within the underlying policy excess). What's more, if, unintentionally, you don't comply with the underlying insurance policy conditions and the insurer repudiates your claim, CoverPlus will kick in. On top of this, the excess which is payable by you to your underlying insurer will be covered up to a maximum of R6,000.00

Why this product:

You will experience great relief knowing you won't be short of the money you owe your finance house if your vehicle is written-off or stolen.

What it's about:

The Return to Invoice Policy protects you from the effect of vehicle depreciation. If your vehicle is stolen or written-off, the policy kicks in and covers the difference between the original purchase price you paid and the insured value of your vehicle.

How you will benefit:

If your vehicle is written-off or stolen during the period of insurance, the policy will cover the difference between the original purchase price (this is the price shown on the purchase agreement/invoice) and the insured value of the vehicle, excluding any amount refundable. (Examples of refundable amounts include, but are not limited to, Credit Life or motor warranty premiums.) The maximum limit is R500,000.00.

Why this product:

New vehicles depreciate by up to 25% in their first year. In their second and third year depreciation is around 12%. That's depreciation of nearly 50% of your vehicle's value in years 1, 2 and 3. The Return to Invoice Policy protects you from significant financial loss.

What it's about:

The Deposit Protector Policy protects the value of the deposit you paid, in the event of total loss.

How you will benefit:

Where your vehicle is written-off or stolen, this policy covers the original deposit that was paid, up to a maximum of R500,000.00.

Why this product:

An insurance payout is often not enough to cover the deposit that you originally put down on your credit agreement.

What it's about:

These comprehensive mechanical breakdown warranty options cover the parts and related costs of a mechanical breakdown. The Standard and Prestige options offer 1 year or 2 years of cover, while the Prestige Plus option provides cover for 2 years.

How you will benefit:
These warranty options cover 21 major internal components of your vehicle.
The Prestige Plus top of the range option offers double the value in benefit cover for far less than double the premium.
You enjoy the added benefits of free roadside and medical assistance, cover for certain towing costs, and hotel accommodation should your vehicle break down more than 100 km from your home.
The warranty is transferable to a subsequent owner. (Benefits and limits depend on age and the current kilometer reading of the vehicle.)
Complimentary Motorite Assist Membership include Motor Assist, Emergency Medical Services, Trauma Counselling, Roadside Assistance, Legal Assistance, Medical Advisory Service and Map Assistance.

Why this product:

Repairs for mechanical failure can cost astronomical amounts.

What it's about:

The CourtesyCar policy is a vehicle replacement insurance product: you're provided with a courtesy car if your vehicle is being serviced or is in for mechanical repairs, or if it was written-off, stolen or involved in an accident.

How you will benefit:

The unique CourtesyCar policy will provide you with the uninterrupted use of a hire vehicle with unlimited kilometre usage for 2 days while your car is being serviced; or for 7 days in the event of a mechanical breakdown; or for 21 days if your car is in an accident, written-off, hijacked or stolen.

Why this product:

This policy ensures that your lifestyle is not interrupted by a lack of wheels if any of the above circumstances occur.

What it's about:

The SMART policy brings you affordable vehicle maintenance! SMART covers the repair of minor dents, chips and scratches on your vehicle, helping you keep your pride and joy in showroom condition.

How you will benefit:

The excess payable is minimal so you save money. Mobile repairs are undertaken where possible and the mobile assessors are available for technical advice, so you save time and energy. You're able to maintain the condition of the exterior of your vehicle, meaning you also save money at trade-in stage without compromising the no-claim bonus on your motor insurance.

Why this product:

The monthly instalments are surprisingly affordable. The claims process is user-friendly. And you're able to keep your vehicle in mint condition, which increases your likelihood of receiving an excellent trade-in valuation. You have cover for 36 months.

What it's about:

This is a vehicle recovery device that operates via a comprehensive satellite and radio network. The device is endorsed by the insurance industry.

How you will benefit:

The device is used in conjunction with the South African Police Services. You could qualify for a substantial discount on your motor comprehensive insurance premium. You enjoy cost-saving and substantial peace of mind.

Why this product:

All three of the tracking device options available provide cost-effective value:
Retrieve - you notify the tracking call centre if your vehicle is stolen and they will activate the tracking unit in your vehicle.
Alert - this is an early warning system which keeps a watchful eye over your parked vehicle. Should the warning system pick up that your vehicle has moved and you didn't authorise this movement, the unit will send a signal to the tracking call centre which will notify you.
SkyTrax - this is an Internet-based tracking solution designed to protect you and your family, as well as your vehicle. You can personally track your vehicle in real time via the Internet. The "Assist" button allows you to immediately activate Emergency Support Services in the event of an emergency.