HI-Scot Credit Union

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Need a Loan? Life Cover

HI-Scot pays to insure your loan held at the credit union at no direct cost to you. Insurance is arranged on your behalf through Sterling Life Limited.


What's covered?

Loan insurance automatically covers 100% of a maximum value of £15,000 towards loans held by members aged between 18 and 79. This means that if you die, your credit union loan balance can be paid off, so you needn't worry about passing on debt to your next of kin (terms and conditions apply). It is a unique benefit for our members, for which other financial service providers would charge you extra.


What's not covered?

All new loans are subject to a six month pre-existing condition limit. This means that should you die from a pre-existing medical condition, loans taken in the last six months are not covered. Insurance does not cover death due to HIV, Aids, Suicide, Terrorism or War. 

Sterling Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.


Find Us here:
  • HI-Scot Credit Union
  • Tel: 01851 701865
  • Fax: 01851 701542
  • Email: info@hi-scot.com
  • Web: http://www.hi-scot.com
Authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.