Credit Balance Insurance - Individuals

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The Robust Credit Balance Plan Designed for You

A negative credit balance could mean a bad credit score and review. This would show a red flag on your business and may imply that you are in debt. To prevent negative credit balance, you might need to leverage the robust Desjardins credit balance insurance to cover your balance of current transactions. This credit balance insurance is designed for individuals, rather than businesses and it has features that would help individuals stay out of debt and avoid negative credit balances. It is also very easy to enroll or apply. The insured will not be asked any medical question and no question on your financial situation will be asked during the enrollment process.

Features and Benefits

To hold Visa Desjardins card, the insured must be between age 18 and 64. If you are insured in this plan, you can be sure that your spouses are automatically insured. The plan also covers Accord D in-branch or in-store financing if it is indicated on the insured’s account statement. In addition, the insured will be refunded a part of his premium if he is receiving loss of employment or disability benefits.

  • The plan covers the insured in the event of death, disability, dismemberment, critical illness or loss of employment.
  • It also covers your Visa Desjardins account as well as the Desjardins Accord D financing plans.
  • Some telephone assistance services provided under the Guide, Protect and Support Program can be accessed freely in this plan. These include psychological assistance, legal assistance, and convalescence assistance – case management.
  • To hold the Visa Desjardins card, you must be between ages 18 and 64.
  • You will not be asked any question about your health, your spouse’s health or your financial situation when applying for this plan.
  • You will also have access to free assistance services in this plan.

 

 

Additional resources

Learn more about your credit insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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