Your credit card application form offers the option of payment protection insurance. Provided you are eligible and meet the terms and conditions of the policy, the cover can help to make your repayments if you are unable to work due to an accident, sickness, hospitalisation or involuntary unemployment.

Help with your monthly payments
The cover pays 10% of your outstanding credit card balance every month, subject to the terms and conditions of the policy. Depending on your age or if you are retired, it may also provide benefits if you have to spend time in hospital. If you are in hospital for more than three days, a benefit of £25 is paid for each further day you are in hospital. In addition, you may be eligible for our Back to Work service, which assists you in finding a new job. And if you die, your outstanding balance will be paid, up to a maximum of £7,500.

Benefits paid under a successful claim cease when any of the following occurs: you return to work; the balance is cleared; the maximum of 12 monthly payments have been made for accident, sickness or unemployment; and the maximum of 90 days hospitalisation benefit has been made.

Eligibility
You must be 18 to 64 years old; in paid work of at least 16 hours per week; living in the UK; the holder of a credit card account with Northern Bank; and not aware of impending unemployment. The benefits you receive, if you make a claim, will depend on your age and whether you are working or not.

The table below summarises your cover at various ages.

	Accident, sickness or unemployment claim	Hospitalisation claim	Life claim	Back to Work Service
Under 65, working at least 16 hours per week
65 or over and under 70
Retired, under 70

What it costs
Total cost of Insurance: 77 pence for each £100 of outstanding card balance each month (including Insurance Premium Tax at 5% where applicable). We do not believe there are currently any other taxes or charges for this insurance.

Important information
This insurance is arranged by Northern Bank Limited and is provided by the following insurers: For accident, sickness, hospitalisation and unemployment benefits, London and Edinburgh Insurance Company Limited (registered in England, No. 924430; registered office: 8 Surrey Street, Norwich NR1 3NG). For life benefits, Norwich Union Life & Pensions Limited (registered in England, No. 3253947; registered office: 2 Rougier Street, York YO90 1UU).

Northern Bank Limited and London and Edinburgh Insurance Company Limited are both authorised and regulated by the Financial Services Authority.
Northern Bank is a member of the Danske Bank group.