Common use of Automatic Debt Protection Clause in Contracts

Automatic Debt Protection. (Graphite Credit Cardholders do not qualify for Automatic Debt Protection and Top-up Debt Protection). 29.1.1 You will receive Automatic Debt Protection cover, an embedded value- add service which provides cover against the outstanding balance or the maximum specified amount,whichever is the lesser, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We must receive satisfactory proof of your death or permanent disability within (6) six months of the event; • We will not waive any amount owing to us that is greater than two thousand Rand(R2000) for “Classic” (Silver) cardholders, five thousand Rand (R5 000) for “Gold” cardholders, twelve thousand Rand (R12 000) for “Platinum” cardholders and one thousand Rand (R1 000) for “Standalone Petro Card” holders; 29.1.2 We will not waive any amount: • If your illness, bodily injury, physical defect, ill-health or any other incident or condition that played an important role in your death or disability claim which arose during the 12 months before opening your account. • If the claim is in any way due or can be traced to, or arises directly or indirectly, entirely or partially, from: • The driving of any vehicle while you were under the influence of intoxicating liquor/alcohol or a drug having a narcotic effect or if your blood alcohol levels exceeded the legal limit. • Suicide within the first 24 (twenty four) months of the agreement, self- inflicted injury or self-inflicted illness (i.e.that you caused yourself), whether you intended to do so or not, or if you exposed yourself to danger or obvious risk of injury at your own free will. • Intentionally consuming an excessive amount of alcohol, drugs, or narcotics unless this was prescribed by a medical doctor. If the substance was, however, prescribed to treat drug abuse, it will also be excluded. • Participating in a criminal act. • Involvement or participation in any war, invasion, acts of foreign enemy, hostilities (whether war is declared or not), civil war, mutiny, rebellion, usurped power, riot, civil commotion or disorder. • If your account is not in good standing because it has an unacceptable arrears status as at the date of your death or the event causing permanent disability, i.e. if you have not paid two or more monthly premiums owing on your credit card. • If this agreement and/or your right to use the credit card and/or your credit card facility ends; and/or • If at the date of your death or the event causing permanent disability, you are (seventy) 70 years old or older. 29.1.3 It is your duty to inform us immediately if you have been accepted to undergo debt review. 29.1.4 If you have applied and been accepted under the debt review process, the Automatic Debt Protection Plan and the Top-up Debt Protection Plan will automatically terminate and you will not be able to claim any compensation under these plans. 29.1.5 If you are paying monthly premiums for Top-up Debt Protection, such premiums will be cancelled upon notification that you are under debt review. 29.1.6 If you are under special arrangement and you default twice, whether consecutively or at any time during the 60 month period, the Automatic Debt Protection and Top-up Debt Protection Plan will automatically terminate and you will lose your cover and have no claim under this policy. 29.1.7 Your monthly premiums will not be reimbursed to you if your policy is cancelled for whatever reason. 29.1.8 For further information on Automatic Debt Protection, including Top- up Debt Protection Plan (premium related) products, please visit our website on ▇▇▇.▇▇▇.▇▇.▇▇ or at the link that follows: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇/personal/borrow/creditcards/debtprotection.html

Automatic Debt Protection. (Graphite Credit Cardholders do not qualify for Automatic Debt Protection and Top-up Debt Protection). 29.1.1 31.1.1 You will receive Automatic Debt Protection cover, an embedded value- value add service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount,, whichever is the lesserlesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We must receive satisfactory proof of your death or permanent disability within (6) six months of the event; • - We will not waive any amount owing to us that is greater than two thousand Rand(R2000Rand (R 2 000) for “Classic” (Silver) cardholders, five thousand Rand (R5 R 5 000) for “Gold” cardholders, twelve thousand Rand (R12 R 12 000) for “Platinum” cardholders and one thousand Rand (R1 R 1 000) for “Standalone Premier Petro Card” holders;. Twelve thousand Rand (R 12 000) for “Private Clients” cardholders. Twelve thousand Rand (R 12 000) for “Private Wealth” cardholders. 29.1.2 31.1.2 The Automatic Debt Protection Plan starts on approval of your credit card facility and ends: - When the Insurer pays a claim in the event of your death or permanent disability; - If you are under special arrangement and default twice, whether consecutively or at any time during a sixty (60) month period, the Plan will automatically terminate, and you will lose your cover and have no claim under this Plan. 31.1.3 We will not waive any amount: • If your illness, bodily injury, physical defect, ill- Wilful self-health or any other incident or condition that played an important role in your death or disability claim which arose during the 12 months before opening your account. • If the claim is in any way due or can be traced to, or arises directly or indirectly, entirely or partially, from: • The driving of any vehicle while you were under the influence of intoxicating liquor/alcohol or a drug having a narcotic effect or if your blood alcohol levels exceeded the legal limit. • Suicide within the first 24 (twenty four) months of the agreement, self- inflicted injury or self-inflicted illness suicide for a period of twelve (i.e.that you caused yourself), whether you intended to do so or not, or if you exposed yourself to danger or obvious risk 12) months from the Start Date of injury at your own free will. • Intentionally consuming an excessive amount of alcohol, drugs, or narcotics unless this was prescribed by a medical doctor. If the substance was, however, prescribed to treat drug abuse, it will also be excluded. • Participating in a criminal act. • Involvement or Plan; - Active participation in any war, invasion, acts of foreign enemyenemies, hostilities hostilities, warlike operations (whether war is be declared or not), civil war, mutinyinsurrection, rebellion, usurped power, riotrebellion revolution, civil commotion or disorder. • uprisings, military power; - Any pre-existing condition/s that you were aware of and that affected you in the twelve (12) months prior to the Start Date of this Plan will be excluded for a period of twelve (12) months after the Start Date of this Plan; - Disability that arose within three (3) months of the Start Date of this Plan; - The covered event arose from participation in criminal activities; - If your account is not in good standing because it has an unacceptable arrears status as at the date of your death or the event causing permanent disability, i.e. if you have not paid two or more monthly premiums owing on your credit card. • card that became due and payable; - If this agreement and/or your right to use the credit card and/or your credit card facility ends; and/or • - If at the date of your death or the event causing permanent disability, you are seventy (seventy70) 70 years old or older. - If the terms and conditions of this Plan are not met; and - If any information provided on the submission of a claim is materially incorrect, fraudulent, misrepresented or omitted. The insurer also reserves its rights to recover any amount paid on a claim, which later transpires to have been a fraudulent claim. 29.1.3 31.1.4 It is your duty to inform us immediately if you have been accepted to undergo debt review. 29.1.4 If you have applied and been accepted under the debt review process, the Automatic Debt Protection Plan and the Top-up Debt Protection Plan will automatically terminate and you will not be able to claim any compensation under these plans. 29.1.5 If you are paying monthly premiums for Top-up Debt Protection, such premiums will be cancelled upon notification that you are under debt review. 29.1.6 If you are under special arrangement and you default twice, whether consecutively or at any time during the 60 month period, the Automatic Debt Protection and Top-up Debt Protection Plan will automatically terminate and you will lose your cover and have no claim under this policy. 29.1.7 Your monthly premiums will not be reimbursed to you if your policy is cancelled for whatever reason. 29.1.8 31.1.5 For further information on Automatic Debt Protection, including Top- up and Top-Up Debt Protection Plan (premium related) products, please visit our website on ▇▇▇.▇▇▇.▇▇.▇▇ or at the link that follows: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇/personal/borrow/creditcards/debtprotection.html

Automatic Debt Protection. (Graphite Credit Cardholders do not qualify for Automatic Debt Protection and Top-up Debt Protection). 29.1.1 30.1.1. You will receive Automatic Debt Protection cover, as an embedded value- add value added service and a credit life insurance plan which provides cover against the outstanding balance or the maximum specified amount,, whichever is the lesserlesser amount, on your credit card facility at the time of your death or permanent disability, subject to the following conditions: • We (the Insurer) must receive satisfactory proof of your death or permanent disability within twelve (612) six months of the event; • We will not waive any amount owing to us that is greater than two thousand Rand(R2000) for “Classic” (Silver) cardholders, five thousand Rand (R5 000) for “Gold” Aspire cardholders, twelve thousand Rand (R12 000) for “Platinum” cardholders and Premier cardholders, one thousand Rand (R1 000) for “Standalone Petro Card” holders;, twelve thousand Rand (R12 000) for "Private Clients" cardholders and twelve thousand Rand (R12 000) for “Private Wealth”cardholders. 29.1.2 30.1.2. The Automatic Debt Protection Plan starts on approval of your credit card facility and ends: • When the Insurer pays a claim in the event of your death or permanent disability; • If you are under special arrangement and default twice, whether consecutively or at any time during a sixty (60) month period, the Plan will automatically terminate, and you will lose your cover and have no claim under this Plan. 30.1.3. We will not waive any amount: • If your illness, bodily injury, physical defect, illWillful self-health or any other incident or condition that played an important role in your death or disability claim which arose during the 12 months before opening your account. • If the claim is in any way due or can be traced to, or arises directly or indirectly, entirely or partially, from: • The driving of any vehicle while you were under the influence of intoxicating liquor/alcohol or a drug having a narcotic effect or if your blood alcohol levels exceeded the legal limit. • Suicide within the first 24 (twenty four) months of the agreement, self- inflicted injury or self-inflicted illness suicide for a period of twelve (i.e.that you caused yourself), whether you intended to do so or not, or if you exposed yourself to danger or obvious risk 12) months from the Start Date of injury at your own free will. this Plan; • Intentionally consuming an excessive amount of alcohol, drugs, or narcotics unless this was prescribed by a medical doctor. If the substance was, however, prescribed to treat drug abuse, it will also be excluded. • Participating in a criminal act. • Involvement or Active participation in any war, invasion, acts of foreign enemyenemies, hostilities hostilities, warlike operations (whether war is be declared or not), civil war, mutinyinsurrection, rebellion, usurped power, riotrebellion revolution, civil commotion or disorder. uprisings, military power; • Any pre-existing condition/s that you were aware of and that affected you in the twelve (12) months prior to the Start Date of this Plan will be excluded for a period of twelve (12) months after the Start Date of this Plan; • Disability that arose within three (3) months of the Start Date of this Plan; • The covered event arose from participation in criminal activities; • If your account is not in good standing because it has an unacceptable arrears status as at the date of your death or the event causing permanent disability, i.e. if you have not paid two or more monthly premiums owing on your credit card. card that became due and payable; • If this agreement and/or your right to use the credit card and/or and/ or your credit card facility ends; and/or • If at the date of your death or the event causing permanent disability, you are seventy (seventy70) 70 years old or older. • If the terms and conditions of this Plan are not met; and • If any information provided on the submission of a claim is materially incorrect, fraudulent, misrepresented or omitted. The insurer also reserves its rights to recover any amount paid on a claim, which later transpires to have been a fraudulent claim. 29.1.3 30.1.4. It is your duty to inform us immediately if you have been accepted to undergo debt review. 29.1.4 If you have applied and been accepted under the debt review process, the Automatic Debt Protection Plan and the Top-up Debt Protection Plan will automatically terminate and you will not be able to claim any compensation under these plans. 29.1.5 If you are paying monthly premiums for Top-up Debt Protection, such premiums will be cancelled upon notification that you are under debt review. 29.1.6 If you are under special arrangement and you default twice, whether consecutively or at any time during the 60 month period, the Automatic Debt Protection and Top-up Debt Protection Plan will automatically terminate and you will lose your cover and have no claim under this policy. 29.1.7 Your monthly premiums will not be reimbursed to you if your policy is cancelled for whatever reason. 29.1.8 30.1.5. For further information on Automatic Debt Protection, including and Top- up Up Debt Protection Plan (premium related) products, please visit our website on ▇▇▇.▇▇▇.▇▇.▇▇ or at the link that follows: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇/personal/borrow/creditcards/debtprotection.html