Credit Protection Insurance for Consumer Loans

• For newly issued credits, the insurance term is equal to the credit repayment period.

• For existing credits, the insurance term is equal to the remaining credit repayment period.

In case of death, the following is paid:

• the outstanding credit balance as of the date of death;

In case of Permanent Total Disability, the following is paid:

• the outstanding credit balance as of the date the risk occurred – when the term of the TELK expert decision is longer than the remaining term of the credit;
• the monthly credit installments for the term of the TELK expert decision – when the term of the TELK expert decision is shorter than the remaining term of the credit;

In case of Involuntary Unemployment and Temporary Disability, the following is paid:

• up to 12 (twelve) monthly installments for the term of the credit, but no more than 6 (six) consecutive monthly installments per insurance event.
• * For self-employed individuals or pensioners who cannot benefit from the „Involuntary Unemployment“ risk – increased coverage for „Temporary Disability“ risk applies. In these cases, the Insurer pays the Policyholder („Bank DSK“) a monthly credit installment for the period of temporary disability, and the insured person receives additional compensation equal to half a monthly installment for each month of disability.

The Beneficiary (the person to whom the insurance compensation is paid) under this insurance is „Bank DSK“ EAD.