Loan Protection Insurance by Groupama

The „Mini“ package covers:

• Death of the insured due to accident and illness;
• Total permanent disability of more than 70% due to accident and illness.

What is the term of the insurance?

• For newly contracted loans - the term of the insurance is equal to the term of the loan repayment;
• For existing loans - the term of insurance is equal to the remaining period of the loan repayment.

In the event of death the following is paid:

• loan balance at the date of death;

In the event of permanent total incapacity for work::

• loan balance at the date of the risk - when the term of the Expert Decision is longer than the remaining term of the loan;
• the monthly loan instalments for the duration of the Expert Decision - when the duration of the Expert Decision is shorter than the remaining duration of the loan.

The beneficiary (the person to whom the insurance benefit is paid) under this insurance is DSK Bank AD.

• The remaining loan amount on the date of the insured event or up to six (6) consecutive monthly installments are payable for unwanted unemployment and extended sick leave (for 1 insured event);
• In the case of the risk „Unwanted Unemployment“, the insurance cover is valid even if the employment contract is terminated by mutual agreement in exchange for compensation (Article 331 paragraph 1 of the Labour Code and Article 107a of the Civil Servant Act);
• For self-insured people or pensioners who are unable to benefit from the risk „Unwanted Unemployment“ - increased coverage under the risk „Temporary Incapacity for Work“ applies;
• The insurance cover is valid worldwide and for the entire loan repayment period;
• Facilitated payment of the premium at the same time as the monthly loan repayment;
• The insurance cover is active until 60 days after the due date and if the insurance premium is not paid within this period.

„Full“ package covers:

• Death of the insured due to accident and illness;
• Total permanent disability of more than 70% due to accident and illness;
• Unwanted unemployment;
• Temporary incapacity due to accident or illness.

• For newly contracted loans - the term of the insurance is equal to the term of the loan repayment;
• For existing loans - the term of insurance is equal to the remaining period of the loan repayment.

In the event of death the following is paid:

• loan balance at the date of death;

In the event of permanent total incapacity for work:

• loan balance at the date of the risk - when the term of the Expert Decision is longer than the remaining term of the loan;
• the monthly instalments of the loan for the duration of the Expert Decision - when the duration of the Expert Decision is shorter than the remaining duration of the loan;

In case of unwanted unemployment and temporary disability, the following are paid:

• up to 12 (twelve) monthly instalments for the duration of the credit, but not more than 6 (six) consecutive monthly instalments per insured event;
• * For self-insured people or pensioners who are unable to benefit from the „Unemployment“ risk - increased coverage under the „Temporary incapacity for work“ risk. In these cases, the Insurer shall pay the Insured („DSK Bank“ AD) a monthly loan instalment for the duration of the temporary incapacity for work, with an additional benefit of half a monthly instalment for each of the months of incapacity for work.

The beneficiary (the person to whom the insurance benefit is paid) under this insurance is DSK Bank AD.

• The remaining loan balance at the date of the insured event or monthly instalments for the duration of the incapacity are paid;
• The insurance cover is valid worldwide and for the entire loan repayment period;
• Facilitated payment of the premium at the same time as the monthly loan repayment;
• The insurance cover is active until 60 days after the due date and in case of non-payment of the insurance premium within this period.

The „65+“ package covers:

• Death of the insured due to an accident;
• Total permanent disability of more than 70% due to an accident.

• For newly contracted loans - the term of the insurance is equal to the term of the loan repayment;
• For existing loans - the term of insurance is equal to the remaining period of the loan repayment.

In the event of death, the following is paid:

• the balance of the loan at the date of death;

In the event of permanent total incapacity for work, the following is paid:

• loan balance at the date of the risk - when the term of the Expert Decision is longer than the remaining term of the loan;
• the monthly loan instalments for the duration of the Expert Decision - when the duration of the Expert Decision is shorter than the remaining duration of the loan.