Scotia Credit Card Protection
Life
Critical Illness
Hospitalization
Disability
Job Loss
Strike or Lockout
2 3
Scotia® Credit Card Protection
Optional Creditor Group Insurance
Life, Critical Illness, Hospitalization, Disability, Job
Loss and Strike or Lockout Protection for your
Credit Card.
Name and address of Insurer:
Chubb Life Insurance Company of Canada
199 Bay Street, Suite 2500
P.O. Box 139,
Commerce Court Postal Station,
Toronto, Ontario
M5L 1E2
Tel: 1-800-387-7199, Option 3
www.chubb.com
Name and address of Policyholder and Administrator:
The Bank of Nova Scotia
100 Yonge Street, 8th Floor
Toronto, Ontario
M5C 2W1
Phone: 1-855-753-4272
Important information – please read
This document provides general information about
optional Scotia Credit Card Protection insurance.
It is a summary of the terms and conditions of the

of capitalized terms; waiting periods; covered
illnesses and events; exclusions; limitations; and
other important terms and conditions are contained


Insurance takes precedence over this document to
the extent there are any discrepancies.
Scotia Credit Card Protection is a Group Policy issued
to The Bank of Nova Scotia by Chubb Life Insurance
Company of Canada under Group Policy number
TMH600165.
Table of contents
Introduction ...................................................................5
Scotia Credit Card Protection offers you .................5
Why choose Scotia
Credit Card Protection? ..............................................6
Is Scotia Credit Card Protection
right for you? .................................................................. 7
Questions and Answers ..............................................8
Other Important Information .................................... 11
Coverage Exclusions and Limitations ......................11

Company of Canada .................................................. 14
 .................................................. 15
Language ......................................................................17
4 5
Financial
protection
for life’s twists
and turns
Your Credit Card is a convenient


about anything in between. Scotia
Credit Card Protection is optional
insurance that can help you stay on

Scotia Credit Card Protection can let
you use your Credit Card with less worry

unexpected life events.
Introduction

the Insurer protect and manage your personal




Scotia Credit Card Protection offers you:
›
Protection. If certain health or life events


Account
›
Simplicity. 



and death.

choose from:
Protection
Bundles
Basic
Protection
Comprehensive
Protection

›
Death
›
Critical
Illness
›


›
Death
›
Critical Illness

›


›

›

›


4
6 7
Why choose Scotia
Credit Card Protection?


›
Fast approval without health questions.


www.scotiabank.com/creditcardprotection
call us at 1-855-753-4272 8:00 a.m. to





your coverage.
›
 the
Co-borrower. Scotia Credit Card Protection
 and
 spouse.
›
Help pay down your balance. While some
insurance plans only cover your minimum



means you can pay down more of your

and free up more credit due to certain
unexpected life events.
›
Premium rates don’t increase as you get
older. Insurance costs usually rise as you

for insurance may not change. With Scotia




are only calculated up to a maximum of



Scotia Credit Card Protection offers fast
approval, to help pay your debt when
you need it most.
Is Scotia Credit Card Protection
right for you?

choice if:
›
You frequently use your Scotia Credit
Card. 
purchases on your credit card Account it





 time.
›
You have children or other dependents.





help protect your children or other people


*
Scotia Credit Card Protection

for you and your family, and continue
to provide access to your credit limit
when you need it most.

8 9
Questions and Answers
What are the eligibility requirements?
To apply for Scotia Credit Card Protection



18 years of age and under 70 years of age.
How much does Scotia Credit Card
Protection cost?
The premium rate for coverage under Scotia

Account Balance which is calculated daily and




the monthly premium rate is $0.95 per



Insurance) at a monthly rate of $0.49 per $100







Will my premium change?



Life, Critical Illness and Hospitalization
insurance can pay off your outstanding








Disability, Job Loss, and Strike or Lockout



to your insured Account.



›
A minimum of 90 consecutive days; and
›


enrolled in Post-secondary Education the

 hours.


›
 and
›

minimum of 12 consecutive months prior to
 Loss.
What are the covered critical illnesses?








Is there a waiting period?
Depending on the nature of your claim there


days); coma (96 consecutive hours);

(30 consecutive days). There is no waiting


10 11
When does my coverage begin?

indicated on the Schedule of Coverage that you


approved.
When does my coverage end?
›


terminates at age 70; Life insurance
terminates on your 80
th

Coverage also terminates if:
›
Primary Borrower dies; or
›
Primary Borrower claim for Critical Illness
 or
›

coverage; or
›

arrears; or
›

 or
›



How do I submit a claim?




scotiabank.com/creditcardprotection.
How can I cancel my coverage?






Other Important Information
Important details are included in the

for 30 days starting on the date of coverage.
If you cancel your coverage during the 30-day

any premium paid.



review the details carefully.

administration fee from the Insurer to

Coverage Exclusions and Limitations
Below is a summary of exclusions and

Insurance for more details.
General Exclusions



›


your coverage;
›
declared or undeclared war;
›

contamination due to any act of terrorism;
›
the commission or attempted commission
of a criminal offence; or
›

occurs within the 6 months of the effective
date of your coverage.
12 13
Coverage Exclusions


the covered events as follows:
Critical Illness (Covered Critical Illnesses
are Heart Attack, Stroke, Coronary Artery
Bypass Surgery, Cancer, Blindness, Paralysis,
Deafness, and Coma.)
Heart Attack:
›
ECG changes suggest a prior
myocardial infarction;
Stroke:
›


Coronary Artery Bypass Surgery:
›


other intra-arterial procedures;
Cancer:
›
One of the following conditions or
cancer types:
›

invasive melanoma and that has not
exceeded 0.75 millimetres in depth;
›
Carcinoma in situ;
›
Kaposi’s Sarcoma or cancerous
tumours in the presence of any human

›

prostate cancer; or
›

or polyps.
Diagnosis of cancer or investigation leading to
a diagnosis of cancer occurs within 60 days of
the effective date of coverage.
Paralysis:
›

effective date of coverage.
Hospitalization
›
Any scheduled
›

except in situations of complications


Disability
›

in situations of complications arising

 or
›
Any period during which you are not under

of a doctor.
Job Loss
›

of coverage;
›


soon going to lose your
›
 retirement;
›
 employer;
›

through this insurance; or
›

Strike or Lockout
›

following the effective date of coverage;
›

consecutive days immediately prior to the
 or
›


legislation or the terms of an agreement

the employer.
14 15
Privacy Notice

Company of Canada

importance of your privacy. When you apply for








may use service providers located within or
outside Canada.
The Insurer limits access to personal






outside Canada and your personal information

jurisdiction.
Personal information that the Insurer collects




and maintaining records concerning the
relationship.


personal information policies and practices


visit www.chubb.com/ca or send a written








reply to you within 30 days. The Insurer may

for reproduction and transmission of any
information the Insurer provides.
Privacy – Scotiabank
The Scotiabank Privacy Agreement






www.Scotiabank.com/privacy or any

›
Information we collect about you:











the assessment of claims.
›
How we use your information: We

information for the following purposes:




to understand your needs; to meet our


detect criminal activity; and to identify and
correct any errors. We may also use your
information to send you messages to inform


(including those of other companies) that
 you.
15
16
It’s impossible to know when
you might encounter a curve
in the road of life. With Scotia
Credit Card Protection, it can
be easier to remain on solid

›
With whom we share your information:







Nova Scotia and the insurer will use and


and adjudicating claims under the Group

handling of your personal information is

 you.
›
Keeping your information:
your information for as long as you are
our customer. Once our relationship has

for so long as is appropriate for the type





longer than this if there an existing claim or



we will continue to protect your information.
›
Your rights and how to refuse or withdraw
your consent:












or you may withdraw your consent to

of your personal information at any time

limited exceptions. To understand how



visit www.Scotiabank.com/privacy or

Privacy Agreement.
Language
Quebec Residents Only / Résidents du
Québec seulement:

version of this agreement and that all related






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
1474316 (04/24)


Scotia advisor today.
To simplify your insurance, visit
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