Loan repayment insurance
This is why you’ll like it
Safety
Great terms
Scope of coverage
Insurance range
As an insurance intermediary and in cooperation with Generali osiguranje, Privredna banka Zagreb provides loan repayment insurance for:
- housing and consumer loans
- non-purpose loans
- quick cash loans
- loans under cash loan agreements with repayment by a card issued by PBZ Card d.o.o.
Security and protection
Taking a loan that you may not be able to repay? Take out loan repayment insurance providing you security in the event of sudden financial difficulties.
- security of the borrower and his/her family
- peace of mind and more secure future
- affordable insurance premiums
- take out a policy quickly and easily in any PBZ branch office
In the event of unwanted life situations such as prolonged sick leave, unemployment (layoff) or work disability, the insurance provider assumes the annuity/instalment repayment obligation for a specified period, depending on the loan type.
Housing consumer loan
Housing Consumer Credit life Insurance (CPI)
Characteristics
By concluding a homeowner's life insurance policy, the borrowers are protected against the inability to repay the loan that may result from:
- death
- permanent total inability to work
- temporary total inability to work (sick leave)
- unemployment (due to dismissal)
- serious illness
The product is intended exclusively for the beneficiaries of newly approved home loans, which offers the possibility of contracting the loan beneficiary's insurance as one of the loan security instruments.
Packages
We offer two packages with different combinations of coverage:
- A - covers death and permanent complete inability to work
- C - covers eath, permanent complete incapacity for work, sick leave, serious illness and unemployment.
In case of death or permanent complete incapacity for work, Generali osiguranje d.d. will pay the full amount of the outstanding principal amount of the loan determined at the date of the occurrence of the insured event (maximum principal amount of EUR 250,000).
In case of unemployment of the loan beneficiary (due to dismissal), Generali osiguranje d.d. undertakes the repayment of up to 12 monthly annuities/installments per one insured case, and a maximum of 36 annuities/installments in total during the duration of the insurance. If the insured is a Self-Employed Person, then a maximum of 15 monthly annuities/loan installments per one insured case, but a maximum of 45 monthly annuities/installments in total for the duration of the insurance.
In case of unemployment of the loan beneficiary (due to dismissal), Generali osiguranje d.d. undertakes the repayment of up to 12 monthly annuities/installments per one insured case, and a maximum of 36 annuities/installments in total during the duration of the insurance.
In the event of a serious illness of the borrower, Generali osiguranje d.d. assumes repayment up to a maximum of 6 monthly annuities/installments per one insured case regardless of the duration of the serious illness, and a maximum of one insured case for the entire duration of the insurance.
Benefits of homeowners' life insurance policies
- security for the loan user and his family
- simple and fast contracting of insurance policy
- payment of damages regardless of the existence of other policies
Duration of insurance and premiums
- the policy is concluded for the duration of the loan repayment
- the insurance premium is paid in monthly installments
Non-purpose loan
Non-Purpose Loan life Insurance (CPI)
Characteristics
The loan beneficiary's life insurance policy provides you with 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)
• permanent total incapacity for work
• temporary incapacity for work (sickness)
• unemployment (dismissal)
In the event of the occurrence of an insured event due to the death or permanent total incapacity for work of the insured, Generali osiguranje enables the closing of the loan by paying the balance of the loan debt.
In case of temporary incapacity for work (sickness), the insurer will pay up to 8 monthly annuities per one adverse event, max. 16 monthly annuities for the total duration of the insurance. If the insured is a Self-Employed Person, then a maximum of 12 monthly annuities per one insured case, or a maximum of 24 monthly annuities in total.
In the event of termination of employment (cancellation) during the loan repayment period, the insurer assumes the obligation to repay the loan up to a maximum of 9 monthly annuities per one adverse event, but at most for one insured case of unemployment of the insured for the entire duration of the insurance Benefits
• coverage in case of death, permanent total incapacity for work and long-term sick leave of the insured, loan beneficiary
• coverage in case of unemployment of the loan beneficiary
• security for the borrower and his family
• favorable insurance premium, easy and fast insurance contracting
• 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.
Cash credit with PBZ Card Issuer
Insurance of the loan beneficiary under the Cash Loan Agreement with repayment card through the card issued by PBZ Card d.o.o.
Characteristics
Credit Beneficiary Insurance Policy under the Cash Loan Agreement with Card Payment Issued by PBZ Card d.o.o. secures the obligation of the insured arising from the Cash Loan Agreement with repayment card through the card issued by PBZ Card d.o.o. in the case of the following risks:
- temporary total inability to work (sick leave)
- termination of employment (dismissal).
In case of temporary total incapacity for work (sick leave), the insurer assumes the obligation to repay the loan up to a maximum of 9 monthly annuities per one adverse event, and a maximum of 18 for the total duration of the insurance.
Due to termination of employment (termination) during the loan repayment period, the insurer assumes the obligation to repay the loan up to a maximum of 9 monthly annuities per one adverse event, multiple repetition of the unemployment case is covered.
Duration
The policy is concluded for the duration of the loan repayment, voluntarily, during the realization of the loan.
Benefits
- coverage in case of cancellation or longer sick leave of the insured person, ie the loan beneficiary
- additional security for the loan user and his family in the event of unforeseen events
- simple and fast contracting of insurance policy
- favorable insurance premium
- payment of damages regardless of the existence of other policies
