„Accident“ package to „Credit Protection“ insurance is intended for borrowers (individuals) of consumer loans in „DSK Bank“ AD aged between 18 and 59 years at the beginning of the insurance who cannot declare good health status.
What are the advantages?
- The remaining loan balance as of the date of the insured event or up to six (6) consecutive monthly installments in the event of unintended unemployment shall be paid;
- 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;
- The insurance cover is valid worldwide and for the entire 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.
What is the coverage?
Package „Accident“ covers:
- Death of the insured due to accident;
- Total permanent disability over 70% due to accident;
- Involuntary unemployment;
- Temporary incapacity for work as a result of an accident
What is the duration of the insurance?
- new loan customers - the term of the insurance is equal to the term of repayment of the loan.
- existing loan customers- the term of the insurance is equal to the residual period of repayment of the loan.
How is the insurance premium paid?
The insurance premium is calculated in % of the monthly installment of your loan and is paid monthly, together with the repayments of the loan, by means of a periodic credit transfer order.
What is paid in the event of death or total permanent incapacity for work?
In the event of death, it shall be paid:
- balance of the loan at the date of death.
In the case of total permanent incapacity for work, the payment shall be:
- the balance of the loan at the date of the occurrence of the risk – when the term of the Expert Decision is longer than the remaining term of the loan;
- the monthly installments of the loan for the duration of the Expert Decision – when the term of the Expert Decision is shorter than the remaining term of the loan;
In the event of unemployment and temporary incapacity for work, the following shall be paid:
- up to 12 (twelve) monthly installments for the duration of the loan, but not more than 6 (six) consecutive monthly installments for one insurance claim.
- For self-insured persons or pensioners who cannot take advantage of the risk „Unwanted unemployment“ can receive increased cover at risk „Temporary incapacity“. In these cases, the Insurer pays to the Insured („DSK Bank“) a monthly installment
on the loan for the duration of the temporary incapacity for work, and the insured person is paid an additional benefit in the amount of half a month's installment for each of the months of incapacity for work.
- The beneficial (to whom the insurance compensation is paid) for this insurance is DSK Bank AD.
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