Risk life insurance to Modrá pyramida loans

The risk life insurance Pyramida was particularly designed in order to secure clients´ loans of Modrá pyramida or mortgage loans of Komerční banka. This insurance will protect you and your family if any unfavourable events occur. In cases you are not able to repay your loan, the insurance company will pay it instead of you. You and your loved ones will have a secured living without more financial worries.

Insurance provided not only to the loans of Modrá pyramida stavební spořitelna, a.s., which, apart from the risk of death, protects you and your loved ones against the loss of your job or loss of autonomy. In such cases the insurance company repays the remaining debt or assumes the repayment of loan instalments for you. This insurance is primarily designed for clients of Modrá pyramida, but other clients are accepted as well.

This insurance serves as effective protection against the consequences of following risks:

• death
• total disability
  In such cases, the insurer pays the remaining debt and neither the insured nor his/her family have to continue paying the installments.
• working inability
• loss of job of the insured
  These risks are covered for insured person, who have their employment based on employment contract for indifinete period or for a fixed period of time longer than one year. In these cases, insurer pays monthly installments of loan including the saving part of construction saving account.

The product is offered with a decreasing sum insured and is suitable for all clients with a loan from Modrá pyramida or mortgage loan of Komerční banka.

• In case of death or loss of autonomy of the insured, the insurance company will settle the outstanding debt to Modrá pyramida or Komerční banka.
• It is suitable for securing any loan of all MPSS or KB clients.
• The insurance coverage is equal to the outstanding amount of the loan at every moment and decreases in time. Therefore this insurance is offered for a very attractive price.

For more information about the product call the KP Call centrum using the free Info Line 800 10 66 10. The insurance can be arranged with an advisor of Modrá pyramida. More information can be found at www.mpss.cz or obtained via Info Line 222 824 777.

You can make changes in your insurance according to your needs and to your loan repayment within the period of its duration. When you provide an extra loan instalment, you can ask for a change in your insurance. In this case the premium will be recalculated and reduced according to the outstanding amount of your debt.

Should the overall maturity of your loan alter, the insurance period can be easily adjusted (shortened or extended).

• quick claim handling in case of insurance event
• very attractive premium
• possibility to choose insured risks from these packages:
  • Package A: insurance against death and total disability
  • Package B: insurance against death, total disability and working inability
  • Package C: insurance against death, total disability, working inability and loss of job
• easy and quick contract conclusion – you can arrange the contract together with your loan
• possibility to cover only a part of loan

A 28–year old man applies to Modrá pyramida for a loan in the amount of CZK 250,000 for the period of 10 years for renovation of his apartment. He decided to arrange together with the loan the advantageous risk life insurance with a decreasing sum insured. For a mere CZK 63 per month he gains assurance that he and his loved ones may enjoy the newly renovated apartment without being worried for cases of death and total disability. Complex coverage of him costs only CZK 83.

A woman (50 years old) plans to buy an apartment and need a loan in the amount of CZK 500,000 with a 15–year maturity. To secure a living for her family under any circumstances, she can arrange the risk life insurance with a decreasing sum insured for only CZK 226 per month when applying for the loan.