Creditor's insurance
Insurance of users of non-purpose loans (CPI)
Characteristics
The credit user's insurance policy provides security when contracting a non-purpose loan and facilitates the repayment of the contracted loan in case of:
- death (as a result of an accident or illness)
- unemployment (dismissal).
In the event of the occurrence of an insured event due to death, the insurer enables the closing of the loan by paying the balance of the loan debt.
In case of termination of employment (cancellation) during the loan repayment period, the insurer assumes the obligation to repay the loan up to a maximum of 3 monthly annuities per one event, and a maximum of two harmful events per year.
Insurance of users of non-purpose loans (CPI) is carried out in cooperation with the partner insurance company Vienna osiguranje VIG.
Advantages
- coverage for the death of the loan beneficiary
- coverage in case of unemployment of the loan beneficiary
- security for the borrower and his family
- simple and fast contracting of insurance
- payment of damages regardless of the existence of other policies
Duration of insurance
The maximum duration of the insurance is equal to the maximum repayment term of the non-purpose loan - 120 months.
Insurance can be contracted by persons of at least 18 years of age, whereby the expiry of the insurance can be at the latest at the age of 65 for the insured, or at the age of 75 for retired clients.
Insurance of users of housing and mortgage loans (CPI)
Characteristics
By contracting an insurance policy for the beneficiary of a housing/mortgage loan, protection is achieved against the inability to repay the loan due to the occurrence of an unwanted event (death of the loan beneficiary).
The product is intended exclusively for users of newly approved housing/mortgage loans, who are offered the possibility of contracting loan user insurance as one of the loan's security instruments.
Insurance of users of housing/mortgage loans (CPI) is carried out in cooperation with the partner insurance company Vienna osiguranje VIG.
Packages
There are two packages on offer:
- Package A – includes coverage in case of death due to illness or accident in the first 5 years of the loan term.
- Package B – includes coverage in case of death due to illness or accident in the first 10 years of the loan term.
The insured sum for both packages for the risk of death due to illness/accident corresponds to the outstanding amount of the principal debt on the loan, on the date of occurrence of the insured event, and not more than 20,000.00 KM.
Advantages
- security for the borrower and his family
- simple and quick contracting of an insurance policy
- payment of damages regardless of the existence of other policies.
Duration of insurance
It is possible to contract an insurance policy for users of housing/mortgage loans (CPI) for a period of 5 or 10 years.
The insurance can be contracted by persons of 18 years of age, and the insurance can expire at the age of 65 at the latest.
Remark
Intesa Sanpaolo Banka, as an insurance agent, in cooperation with Vienna Insurance VIG, offers the possibility of contracting insurance. Before signing the contract, read the information about the product and insurance conditions.
