Annexure A
    2.3.8
    Annexure A
    p. 17

    DC should

      The DC should, as part of the Affordability Assessment, verify that premiums in respect of credit-linked insurance that formed part of monthly repayment obligations under the credit agreement are maintained and included in the PDA’s payment plan.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    Credit-linked insurance premiums (credit life cover) must remain in the proposal even when other expenses are reduced. Removing them creates an immediate breach of the underlying credit agreement.

    Legal context

    NDRC's credit insurance manual flow handles Task #10 verification of credit-linked insurance to prevent silent lapses during restructuring.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure A — Debt Review Process & Conduct Provisions, clause 2.3.8: DC should. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 17.

    Related clauses

    2
    Annexure A
    Improved debt review process rules
    2.1
    Annexure A
    Form 17
    2.2
    Annexure A
    Credit Provider Information Stage
    2.2.1
    Annexure A
    Within 5 business days of receiving Form
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    2.3.7 DC should follow up on all unpaid
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    2.3.9 The premiums for such insurance as well as other insurance
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    Based on NCR Guideline 001/2015, p. 17. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.