When life’s major events catch you off guard, optional Life Event Plan could give you some financial security for extra peace of mind.
For 1.5% of your total balance each month, we could pay your account payments if:
- You are made redundant, fall sick or have an accident
- Major life events occur, including*:
| - Marriage | - Moving house | |
| - Jury Service | - Death of a partner |
The cost of Life Event Plan is 1.5% so on a balance of £100 it would cost you £1.50. On an average balance of £300 the cost would be £4.50. To qualify for £100 worth of benefits per month it would cost you £7.50 based on an outstanding balance of £500.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
Terms and conditions apply. See exclusions below†
Do I qualify for Life Event Plan?
"Yes" if at the start date you are;
- Aged 18 or over and under 65**
- Living in the United Kingdom***
- Have been employed continuously for 6 months, working at least 16 hours per week
- A credit account holder with us
How much will it cost you?
Life Event Plan will appear as a charge on your statement each month as 1.5% of your total balance. For example, if your balance was £100 you would pay £1.50. For a typical balance of £300 the charge would be £4.50.
How to add Life Event Plan to your account?
0844 556 3685
The "Policy Document" tab will open a PDF document in a new window. If you do not have Adobe Reader installed, please download it by clicking the "Get Adobe Reader" button.
†The cover excludes some situations. These generally involve anything you already know about or that is caused by illegal or deliberate acts on your or the employed person’s part.
*You can claim for up to 2 of the life events listed in any 12 month period. Please note that there are events additional to those listed. Please refer to the Policy Document for full details.
**Please read the Policy Document for full details including significant benefits, exclusions and limitations to see if this product is suitable for you. Please note that the sale of this product is non-advised.
***Excluding the Channel Islands
Life Event Plan is offered by Shop Direct Finance Company Limited; Underwritten by Aviva Insurance Limited. Registered in Scotland No. 2116 Registered Office: Pitheavlis, Perth PH2 0NH. Both are authorised and Regulated by the Financial Services Authority.
Note to Existing Customers: The underwriter of Life Event Plan has changed from Aviva Insurance UK Limited, Registered in England No:99122, Registered office: 8 Surrey Street, Norwich NR1 3NG
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