Why Loan Protection Insurance
Cover yourself just in case. Our insurance goes beyond conventional limits – it covers new instances of back pain revealed by computer tomography or by magnetic resonance imaging, psychiatric disorders, as well as recurring illness.
- Insurance premium charged irrespective of age and occupation
- No medical questionnaires or health checks required
- Retroactive payments
- Early termination of employment arranged for a definite period
Which Option Suits You Best
| Insured Events | Monthly Premium | |
|---|---|---|
| STANDARD |
incapacity to work total permanent disability death 7.5% of the regular monthly payment |
7.5% of the regular monthly payment |
| PLUS |
redundancy incapacity to work total permanent disability death 8.9% of the regular monthly payment |
8.9% of the regular monthly payment |
Benefits
| Qualifying Period* | Benefits | Beneficiary | |
|---|---|---|---|
| Incapacity to Work | 30 calendar days | Monthly loan repayments for the term of sickness absence, max. 12 monthly loan repayments | Insured (=Client) |
| Redundancy |
30 calendar days (of the registration with the respective labour office) |
Monthly loan repayments for the term of redundancy, max. 6 monthly loan repayments | Insured (=Client) |
| Total Permanent Disability |
- |
Loan balance outstanding – lump sum payment | Bank |
|
Death |
- |
Loan balance outstanding – lump sum payment | Bank |
* Qualifying Period = the timescale defined which must be waited before a claim can be made
Options to Apply
-
Whilst applying for a consumer credit or debt consolidation loan
-
Anytime following the drawdown (STANDARD insurance plan only)
-
By executing an amendment to your consumer credit agreement
Required Conditions
- Age 18-65
- No disability status or holder of ZTP or ZTP/P card
- No incapacity to work
How to Claim
Contact BNP Paribas Cardif Pojišťovna, a.s.:
8.00 a.m. – 6.00 p.m. (Mo-Fr)
T: +420 234 240 234
E: czinfo@cardif.com
Claims may be filed four years after the occurrence of the insured event (11 years for death claims).