Subject to the terms and conditions in the insurance certificate
issued upon enrolment.
Insurer: National Bank Life Insurance Company
- Balance: The outstanding balance on the most recent monthly
statement of the Mastercard credit card account prior to the date of
the insured event, plus the transactions in process if they have
been made no later than the day before the insured event.
- Plus applicable taxes. Applicable tax on premiums : Quebec: 9%,
Ontario: 8% and Manitoba: 7%
- The rate for benefit payable
applies to all customers who have credit card payment insurance,
depending on the chosen plan.