Frequently asked questions
No, self-employed persons cannot apply for the Loan Payment Insurance. Insurance contract can be concluded with person who works on a labor contract (as well as work as statutory or civil servant etc.) of at least 13 months (fixed-term employment contract) or for indefinite period. Also, customer must work at least sixteen hours per week and receive a salary or similar renumeration. All insurance exclusions are mentioned in Terms and Conditions.
The insurance premium payment is not linked to the monthly loan payment. It means, if you have chosen a credit holiday during which you only have to pay credit interest, the payment of the insurance premium will stay constant. The insurance premium is fixed amount and its level is stated in your insurance contract.
By notifying the Insurer in written of the termination of the insurance contract at least 15 days prior to the desired date of termination:
If You have used means of remote communications (internet, telephone, e-mail) to conclude an insurance contract, You have the right of withdrawal to terminate the insurance contract in 14 calendar days after its conclusion of insurance contract notifying Insurer in written format, except for cases, specified in insurance terms and conditions.
Yes, but only partially. The loss of employment caused by the COVID-19 virus is insured. The risk of long-term incapacity for work caused by the COVID-19 virus is uninsured until the World Health Organization cancels pandemic and responsible institutions withdraws epidemic and pandemic.
No. If your salary decreases but the employment relationship is not terminated, the insurance compensation is not paid.