Credit insurance

Loan Protection Insurance by Groupama

Protection for consumer loan borrowers of DSK Bank

Loan Protection Insurance, from Groupama with insurance agent DSK Bank, is intended for holders of consumer loan in DSK Bank and provides financial protection in adverse situations with life and health, which may lead to inability to pay the loan obligations.


How to get Loan Protection insurance:

Bank Icon
1
Choose the DSK Bank office that is most convenient for you and visit it
023
2
At the office, ask for pension funds and insurance products services
Done documents icon
3
You will receive your insurance policy on paper immediately

Advantages for you:

  • Insurance cover for the territory of the whole world and for the entire period of repayment of the loan;

  • Facilitated method of payment of the premium at the same time as the monthly repayment of the loan;

  • Possibility of insurance protection against loss of income in case of unwanted unemployment with the choice of package „Full“.


What is the coverage:

CoversLoan Protection Insurance – „Accident“ Package Loan Protection Insurance – „Full“ Package Loan Protection Insurance – „60+“ Package
 For borrowers
from 18 to 59 years of age		For borrowers
from 18 to 59 years of age		For borrowers
from 60 to 74 years of age
Covers

- Loan balance
as at the date of
the insurance event

- Amount of the
monthly repayment
installment as at
the date of the
insurance event

- Loan balance
as at the date of
the insurance event

- Amount of the
monthly repayment
installment as at
the date of the
insurance event

- Loan balance
as at the date of
the insurance event

- Amount of the
monthly repayment
installment as at
the date of the
insurance event

In case of accident
Death
Yes Yes Yes
Total permanent
disability (not
less than 70%
inability to work)
Yes Yes Yes
Temporary disability
to work
Yes Yes No
In case of illness
Death
NoYes No
Total permanent
disability (not
less than 70%
inability to work)
NoYes No
Temporary disability
to work
NoYes No
Unwanted unemployment
Yes Yes No
In case of a traffic accident
NEW! Permanent total
disability of more than 70%
due to an accident
No No Yes
NEW! Death due to accident
No No Yes

 

Learn more about the Loan Protection Insurance packages

More information about Loan Protection Insurance - „Full“ Package

Package „Full“ to „Loan Protection“ insurance is intended for borrowers (individuals) of consumer loans in „DSK Bank“ AD between the ages of 18 and 59 at the beginning of the conclusion of the insurance. The insurance contract under the „Full“ package covers events occurring on the territory of the whole world except for the risk of „Unwanted unemployment", which covers events occurring on the territory of the Republic of Bulgaria.

What are the advantages?

  • The residual amount of the loan is paid at the date of the insurance event or up to 6 (six) consecutive monthly installments in case of Involuntary unemployment and prolonged hospital (for 1 insurance event);
  • In case of risk „Unwanted unemployment“ the insurance cover is valid even upon termination of the employment contract by mutual consent against compensation (Art. 331 para 1 of the Labour Code and Article 107a of the Civil Servant Act);
  • For self-insured persons or pensioners who cannot take advantage of the risk „Unwanted unemployment“ - increased cover at risk „Temporary incapacity“ applies;
  • The insurance cover is valid for the territory of the whole world and for the entire period of repayment of the loan;
  • Facilitated method of payment of the premium at the same time as the monthly repayment of the loan;
  • Insurance cover is active up to 60 days after the due date and in case of unpaid insurance premium within that period.

What is the coverage?

Package „Full“ covers:

  • Death of the insured due to accident and illness;
  • Total permanent incapacity for work over 70% due to accident and illness;
  • Unwanted unemployment;
  • Temporary incapacity for work as a result of an accident or illness.

What is the duration of the insurance?

  • In case of newly concluded loans - the term of the insurance is equal to the term of repayment of the loan;
  • In case of existing loans - 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 /PA/.

What is paid in the event of death or total permanent incapacity for work?

In the event of death, it shall be paid:

  • the 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 unwanted 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 event.
  • * For self-insured persons or pensioners who cannot take advantage of the risk „Unwanted unemployment“ - 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 benefiting person (the person to which the insurance compensation is paid) under this insurance is DSK Bank AD.

More information about Loan Protection Insurance - „60+“ Package

Package „60+“ to „Credit Protection“ insurance is intended for borrowers (individuals) of consumer loans in „DSK Bank“ AD aged 60 to 74 years at the beginning of the conclusion of the insurance. The insurance contract under package „60+“ covers events occurring on the territory of the whole world.

What are the advantages?

  • The residual amount of the loan shall be paid at the date of the insured event or monthly instalments for the duration of the incapacity for work;
  • Insurance cover is valid throughout the world and for the entire period of repayment of the loan;
  • Facilitated method of payment of the premium at the same time as the monthly repayment of the loan;
  • Insurance cover is active up to 60 days after the due date and in case of unpaid insurance premium within that period.

What is the coverage?

Package „60+“ covers:

  • Death of the insured as a result of an accident;
  • Total permanent incapacity for work above 70% due to an accident;
  • NEW! Permanent total disability due to a road traffic accident (RTA) over 70%;
  • NEW! Death due to road traffic accident. Upon the occurrence of an event, the outstanding debt is repaid to the bank and the repaid portion of the loan is paid to the heirs.

What is the duration of the insurance?

  • In case of newly concluded loans - the term of the insurance is equal to the term of repayment of the loan.
  • In case of existing loans - 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:

  • the 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.
More information about Loan Protection Insurance – „Accident“ Package

„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.

News

Announcement about upcoming changes to the General Terms and Conditions and the Tariff for fees and commissions applied by DSK Bank for services to individual customers, effective from June 1, 2025

Dear customers,

1. We would like to inform you that, with effect from June 1, 2025, DSK Bank will apply the following fees for the services listed in Appendix №1 of BNB Ordinance No. 3, provided to individual customers under contracts for opening and servicing a Payment Account With Basic Features.

Chapter „PAYMENT ACCOUNT WITH BASIC FEATURES*/**“

 

Service

Before

To be

Opening of payment account in DSK bank's office

3,09 BGN

3,48 BGN

Maintenance and servicing of payment account

- with no debit card issued

3,99 BGN

4,19 BGN

- with a debit card issued

2,72 BGN

2,80 BGN

Closing of payment account in DSK bank's office

4,11 BGN

4,13 BGN

Cash operations

Cash deposit on payment account at DSK bank's office

0,23%, min. 2,48 BGN

0,26% min. 2,80 BGN

Cash withdrawal up to BGN 1 000 in DSK bank's office (per transaction)

0,65%, min. 6,85 BGN

0,66%, min. 6.71 BGN

Payment operations through payment card, incl. via e-banking

Cash withdrawal with debit card from other banks' ATM in Bulgaria

0,18%, min. 1,39 BGN

0,17%, min. 1,41 BGN

 



Chapter „PAYMENT ACCOUNT WITH BASIC FEATURES*/**“

 

Service

Before

To be

Direct debit

Тo accounts opened with other banks

5,38 BGN

5,20 BGN

Credit transfer, incl. to State budget account

Credit transfer to a payment account within the same bank, incl. between customer's own accounts, ordered on paper

3,89 BGN

4,24 BGN

Credit transfer with future value date to a payment account within the same bank, incl. between customer's own accounts, ordered on paper

1,99 BGN

2,11 BGN

Credit transfer to a payment account within the same bank, incl. with future value date ordered through online banking (DSK Direct)

0,45 BGN

0,43 BGN

Credit transfer via BISERA to a payment account with another bank ordered on paper

5,16 BGN

5,73 BGN

Credit transfer with future value date via BISERA to a payment account with another bank ordered on paper

3,31 BGN

3,40 BGN

Standing order

Standing order to a payment account within the same bank ordered on paper

1,99 BGN

2,11 BGN

Standing order to a payment account within the same bank ordered through online banking (DSK Direct)

0,59 BGN

0,55 BGN

Standing order via BISERA to a payment account with another bank ordered on paper

3,31 BGN

3,40 BGN



* For services not specified in the table above, the relevant fees shall apply in accordance with the Tariff of Fees and Commissions of DSK Bank for Individuals.

** In case on the payment account with basic features are received funds originating from salary, pensions, benefits and benefits under social insurance and social assistance, scholarships for schoolchildren, students and doctor students, some of the services described in the appendix are provided free of charge, and their type and number is provided for in art.120a of the Law on Payment Services and Payment Systems.

 

DSK Bank shall change the fees for certain payment services, with effect from 01.06.2025, as follows:

Chapter „CASH OPERATIONS“

 

Service

Before

To be

Cash withdrawal

BGN

EUR

Other foreign currency

BGN

EUR

Other foreign currency

Upon request

0,70% on the total amount, min. BGN 7

0,70% on the total amount, min. EUR 3,58

0,80% on the total amount, min. EUR 5,00

0,80% on the total amount, min. BGN 8,00

0,80% on the total amount, min. EUR 4,09

No change

Without request

0,80% on the total amount

0,80% on the total amount

0,90% on the total amount

0,85% on the total amount

0,85% on the total amount

No change

Requested, but not withdrawn amounts by the customer

0,80% on the requested but not withdrawn amount

0,80% on the requested but not withdrawn amount

0,90% on the requested but not withdrawn amount

0,85% on the requested but not withdrawn amount

0,85% on the requested but not withdrawn amount

No change

Withdrawal of released funds under distraint

0,80% on the total amount, min. BGN 9,78

0,80% on the total amount, min. EUR 5,00

0,80% on the total amount, min. EUR 5,00

1% on the total amount, min. BGN 15

1% on the total amount, min. EUR 7,67

1% on the total amount, min. EUR 7,67

Cash deposit

      

Cash deposit of banknotes

0,25%, min. BGN 3,00, max. BGN 300,00

0,25%, min. EUR 1,53, max. EUR 153,39

0,35%, min. EUR 5, max. EUR 300

0,30%, min. BGN 3,00, max. BGN 300

0,30%, min. EUR 1,53, max. EUR 153,39

No change



We would like to hereby inform you that as of 01.06.2025, the General Terms and Conditions of DSK Bank AD for the provision of payment services, as well as the General Terms and Conditions of the contracts for opening and servicing of termless savings accounts are amended, the main changes being:

General Terms and Conditions for Provision of Payment Services

1. Changes in the terms and limits for execution of credit transfer orders submitted to a branch of the Bank or through electronic channels (items 51 and 54);

2. Changes in the conditions for refusing to provide services and refusing to execute payment transactions that violate or may violate sanctions, as well as in the conditions for terminating the contract if the account is used for illegal purposes (items 39, 40 and 122);

3. Changes to the conditions for equating electronic signatures with handwritten ones under item 13 of the LEDECS (item 60.7);

4. Changes to the procedure for activating a bank card provided in an office or by courier (item 65);

5. Suspension of opening payment accounts in Russian rubles (item 22);

6. Changes in the limits for execution of payment transactions ordered through electronic channels (item 86);

7. Settlement of the Blink P2P service through the DSK Mobile electronic channel (item 101);

8. Modification of the notification procedure for changes to the General Terms and Conditions (item 116).

 

General terms and conditions of contracts for opening and servicing of termless savings accounts

1. Changes in the terms and limits for the execution of credit transfer orders submitted to a branch of the Bank or through electronic channels (item 11.3);

2. Changes in the conditions for refusal to provide services and refusal to execute payment transactions that violate or may violate sanctions, as well as in the conditions for termination of the contract in case of use of the account for illegal purposes (items 6.13, 6.15 and 30.6);

3. Changes to the limits for the execution of payment transactions ordered through electronic channels (item 11.7.7);

4. Changes to the notification procedure in the event of changes to the General Terms and Conditions (item 28.1).

This statement is a prior notification in accordance with the requirements of Art. 62 para. 1 of the LPSPS. If you do not accept the changes being made, you have the right to terminate the contract in writing before the effective date of the changes without compensation or penalty. The Bank shall deem that the customer has accepted the changes if he has not notified it to the contrary before 01.06.2025.

Sincerely,

The team of DSK Bank

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