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Some UIF Ters recipients can make credit life policy claims. SA’s Big 4 banks explain who qualifies

Credit life policy offers a lifeline when customers are no longer earning money to service their debt. But when it comes to Ters, the major SA banks have taken different views on loss income.
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Credit life policy offers a lifeline when customers are no longer earning money to service their debt.  But when it comes to Ters, the major SA banks have taken different views on loss income.

Credit life policy offers a lifeline when customers are no longer earning money to service their debt. But when it comes to Ters, the major SA banks have taken different views on loss income.

You might have seen the SMS but dismissed it, thinking it was another scam.

“You may qualify to claim on your credit life policy, if you received Ters in 2021.”

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Why now and who qualifies?

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