Payment protection insurance to consumer loans
The payment protection insurance (without health examination, only with client´s declaration) to consumer loans provided by Komerční banka.
For KB clients is the payment protection insurance of consumer loans already included in the price of their loan. This insurance will protect your against many unpleasant situations and the insurance company will repay the remaining debt instead of you or will assume the repayments of your loan.
The payment protection insurance tied to the consumer loan provided by Komerční banka includes:
- insurance against death
If the insured dies, the insurance company settles the current debt balance to the bank.
- insurance against total disability
In case of total disability, the the insurance company settles the current debt balance to the bank.
- insurance against inability to work
Should the insured be on long-term sick leave, the insurance company will pay the loan instalments to the bank for him/her always in the monthly instalment amount proportionate to the length of the illness.
- insurance against loss of job
If the insured loses his/her job not through his/her own fault but, for example, due to organisational changes in the company, the insurance company will pay his/her loan instalments beginning with the third month of unemployment.
How to arrange the insurance
You can obtain our products at any branch of Komerční banka. For more information call the Call centrum of Komerční pojišťovna using the free Info Line 800 10 66 10.
Advantages of collective insurance
- without health examination
- low price
- in case of the disability pension, inability to work or loss of job, the insurance company pays out monthly benefits in the amount of a monthly loan instalment for the stipulated period
- protection of guarantors or the bereaved against obligation to repay the loan if the insured dies