Credit protection insurance (CPI)

Generali insurance

Insurance in case of inability to return credit products - for non-residential loans

Loan default insurance can be arranged with new and existing cash and refinancing loans. In the event of the occurrence of the following insured risks, the insurance company will settle the loan obligations according to the specified model:

• Involuntary loss of employment - the insurance covers up to four monthly installments of the loan per insured case, i.e. a total of up to 12 monthly installments for the duration of the contract;
• Temporary incapacity for work (sickness) – the insurance covers up to four monthly loan installments per insured case, i.e. a total of up to 12 monthly installments for the duration of the contract;
• Permanent disability of the insured that is greater than 50% as a result of an accident - the insurance covers the rest of the loan debt;
• Death as a result of an accident - insurance covers the rest of the loan debt.
• Optionally - it is additionally possible to contract the risk of earnings reduction by 10% or more.

If the insured event occurs, the insurance compensation is paid to the current account of the user, who can use the funds to settle the loan obligations. Insurance can be contracted by persons from 18 to 75 years of age.

Insurance in case of inability to return loan products - for housing loans

A home loan represents an important decision in your life and a long-term project, so it is important that you have financial support during its duration in case of unforeseen circumstances. Insurance against the impossibility of repaying housing loans enables the regular settlement of your obligations, and can be contracted with a new or existing loan, whether it is a loan for purchase, adaptation and renovation or refinancing.

According to your needs, you can choose Package 1 or Package 2 and the premium payment can be monthly, yearly or one time.

Package 1 covers the following risks:

• Involuntary loss of employment - the insurance covers up to six monthly installments of the loan per insured case, i.e. a total of up to 18 monthly installments for the duration of the contract up to seven years, i.e. up to 36 monthly installments for the duration of the contract over seven years;
• Temporary inability to work (sickness) - the insurance covers up to six monthly loan installments per insured event, i.e. a total of up to 18 monthly installments for the duration of the contract up to seven years, i.e. up to 36 monthly installments for the duration of the contract over seven years;
• Permanent disability of the insured that is greater than 50% as a result of an accident - the insurance covers the rest of the loan debt;
• Death as a result of an accident - insurance covers the rest of the loan debt.

Package 2 covers the following risks:

• Involuntary loss of employment - the insurance covers up to six monthly installments of the loan per insured case, i.e. a total of up to 18 monthly installments for the duration of the contract up to seven years, i.e. up to 36 monthly installments for the duration of the contract over seven years
• Temporary inability to work (sickness) - the insurance covers up to six monthly loan installments per insured case, i.e. a total of up to 18 monthly installments for the duration of the contract up to seven years, i.e. up to 36 monthly installments for the duration of the contract over seven years

If the insured event occurs, the insurance compensation is paid to the current account of the user, who can use the funds to settle the loan obligations. Insurance can be contracted by persons of 18 years of age, and the end of the insured period cannot be after the insured reaches 70 years of age.