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National Commercial Bank Jamaica Limited (“NCBJ”), in collaboration with NCB Insurance Company (“NCBIC”), is offering insurance coverage on outstanding credit card balances up to a maximum of JMD$2,500,000 through a brand new credit card insurance product: Creditor Life on Credit Cards. 

As of January 2, 2014, the bank’s customers can enroll for Creditor Life on Credit Cards, which will pay off outstanding balances on personal credit cards in case of their death or diagnosis of heart attack, stroke, or cancer. The NCBJ said in a statement that this insurance coverage “ensures that the primary cardholder’s dependents will be protected from having to pay off his/her outstanding credit card balances in case the worst happens.” 

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