Credit Protection Insurance
Risks covered
- Death due to illness or accident
- Total permanent disability over 70% due to illness or accident
- Temporary disability due to illness or accident
- Hospital stay more than 7 days due to accident (only if the insured person is on leave for rising a child)
Characteristics
The Credit Protection Insurance is a product created by the branches of Cardif Life Insurance and Cardif Non-life Insurance in Bulgaria particularly for the clients of UniCredit Bulbank who are approved for a loan.
Object of insurance
IconIt protects the loan payments in case of unexpected events affecting the borrower’s life, health and work capacity.
Insurance amount and cost of insurance
IconThe insurance is available at preferential prices. The insurance sum is equal to the outstanding loan balance at the date of occurrence of insurance event.
Additional coverage
IconInvoluntary unemployment
Term of insurance
IconThe insurance is concluded for the loan period.
“66+“ Package and “Accident” Package
IconThe Credit Protection Insurance is available also with an accident coverage for persons aged 66 or persons with a certain percentage of permanent disability at the date of conclusion of the insurance.
