Payment Protection Cover
Because you never know what’s around the corner
With Lloyds TSB Payment Protection Cover, if the unexpected does happen you’ll be secure in knowing that your financial commitments to your Lloyds TSB credit card will be covered in the event of an accident, sickness or unemployment.
Features & Benefits
Our benefits of Payment Protection Cover:
- Accident or sickness – covering your payments if you are unable to work because you have an accident or if you become sick, including non-pre-existing back and mental illnesses.
- Unemployment – covering your payments if you become unemployed through no fault of your own. We can even cover you if you are self employed.
- Carer cover – you’re covered if you voluntarily leave work to become a full time carer for your spouse, parents or children.
- Hospitalisation –if you are in hospital for 5 days or more, you can focus on recovering while we cover your payments.
- Life cover – if you or an additional cardholder dies, Payment Protection Cover will immediately repay the full outstanding balance, up to a maximum of £20,000 for the life of the policy.
Eligibility for Payment Protection Cover benefits varies depending upon your age and employment status.
Please read the Policy Summary and Terms and Conditions to check which of these benefits you may be eligible for and for further conditions of cover.
View Payment Protection Cover terms and conditions.
View Payment Protection Cover policy summary.
Our Payment Protection Cover has a low monthly fee – only 79p a month for every £100 of your balance covered.
With today’s economic uncertainty, there’s even more of a reason to make sure that you have the right cover in place.
Did you know?
- In January 2008 1.61 million people were unemployed. (Source: ONS – 2008).
- In 2006/07 the incident rate of reportable workplace injuries reached 1000 per 100 000 workers. (Source: statistics.gov.uk – 2008).
- In 2008, the death rate is estimated to 10.05 deaths per 1000 population. (Source: CIA.gov – 2008).
- Back pain is rising by 5% in just 12 months, with 52% of the country currently suffering, compared to 47% in 2007. (Source: chiropractic-uk – 2008).
- A staggering 36% of sufferers have been in pain for more than 10 years and a further 12% for as long as they can remember. (Source: hse.org – 2008).
- According to Cancer Research UK, one in three of us will be diagnosed with cancer during our lifetimes (Source: cancerresearchuk.org – 2008).
- According to the British Heart Foundation, over a quarter of a million people in a year in the UK have a heart attack. (Source: cancerresearchuk.org – 2008).
You also get access to our Positive Job Solutions employment advisory service. This gives you:
- A confidential employment advisory service that you or your immediate family can use free of charge at any time. So you get all the advice you need whether you’re unemployed or considering a career change
- Help with CV and interview preparation, job vacancy searches and dealing with the Benefits Agency and Job Centre.
How do I sign up?
If you are a new customer - Simply ensure that you tick the box for ‘Yes’ to Payment Protection Cover on your application form.
If you are an existing customer – just give us a call on 0845 606 2172 (or for Premier card customers 0845 8502 602). Or, if you’re registered for Internet Banking, log in and select the ‘Payment Protection’ dropdown option next to your card in the account list.
Important Information
we recommend you
read the following:
Full terms and conditions
Policy summary
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