Ability to repay Consumer loanTB insurance
Ideal solution for the cases of unforeseen life events that may result in an inability to repay a loan.
Arrangement without health condition examination
Help at a long-term loss of income
Wide range of insurance coverage
Simple and quick closing directly with the loan
Tatra banka, a.s. carries out financial intermediation as an independent financial agent registered in the NBS register under reg. number 34945 for UNIQA pojišťovna, a.s., pobočka poisťovne z iného členského štátu and for Allianz - Slovenská poisťovňa, a. s.
The benefits of the ability to repay Consumer LoanTB insurance
Repaying a loan is a commitment for many years. Insure your loan and get rid of unnecessary worries caused by unforeseen life situations that may reduce your ability to repay the loan. Based on the coverage you choose, you will ensure repayment of the balance of your debt to the bank or assistance with repayment related to a decrease in income due to complete disability, incapacity for work, caring for a family member or loss of employment.
Benefits:
- Easy arrangement at the branch of the bank or also via DIALOG Live, Tatra banka app or Internet bankingTB together with the loan agreement
- Automatic restriction of disposal rights to the amount of insurance claim
- Possibility to select the scope of insurance coverage
- Arrangement without health condition examination
- Insurance covering 100 % of the loan
Insurance parameters
- The insured person is a debtor whose life or health is covered by the insurance policy
- The entrance age of the insured person is 18 - 65 years
- Coverage options – death, total disability, incapacity for work, care for a family member and job loss
- Monthly premium constitutes a percentage of the monthly payment of the loan and the amount of the premium remains the same during the whole period
- During the insurance period the insurance coverage copies the repayment of loan
- The insurance is automatically terminated by the repayment of loan
Representative example
Loan amount
10 000 EUR
Maturity
8 rokov
Insurance cover
100 %
Monthly insurance premium
from 5,20 EUR
Insurance coverage
Death - the insurance benefit is paid to the bank in the amount of the sum of the unpaid principal of the loan and interest, calculated as of the date of death.
Total disability - the insurance benefit is paid to the bank in the amount of the sum of the unpaid principal of the loan and interest, calculated as of the date of the declaration of total disability.
Incapacity for work - the insurance benefit is paid to the insured's account in the amount of the monthly installment of the insured loan for a period of max. 24 months.
Loss of employment or cancellation/interruption of trade - the insurance benefit is paid to the insured's account in the amount of the monthly installment of the insured loan for a period of max. 24 months.
Family member care (OČR) - insurance benefits are paid to the insured's account in the amount of the monthly installment of the insured loan for every 30 days of the OČR (if the OČR lasts less than 30 days, a monthly installment is paid in a proportional amount).
More detailed information on the relevant insurance coverage is provided in the General Insurance Terms and Conditions valid on the date of signing the contract.
Reporting damage
For making a claim please use one of the following options:
- online through the UNIQA website
- By post to the address of the insurance company:
UNIQA pojišťovna, a.s., pobočka poisťovne z iného členského štátu
Krasovského 3986/15
851 01 Bratislava - In person at any Tatra banka or UNIQA branch
You can find the insurance contract number required for reporting a claim in your insurance contract, in your payment receipt, in the Tatra banka mobile application or via the UNIQA infoline at +421 232 600 100.
Warning: Loan instalments are necessary to be paid in accordance with the agreed conditions also after the occurrence of the insured event. After the settlement of the insurance claim, the insurance company having recognized the claim will pay the amount of the insurance claim also in arrears.
Frequently asked questions
If an insured event occurs due to the COVID-19 virus, you are entitled to indemnity provided that both the terms of the insurance contract and the applicable general insurance terms for the for the Ability to repay a Consumer loan product are met. Insurance benefits relate to insurance against death, total disability, incapacity for work and loss of employment. The pandemic is not in the lockouts Insurance of ability to repay a Comsumer loan.
The insurance company handles the insurance claim pursuant to the insurance terms. The insurance claim will not be accepted if death, full disability or the incapacity for work was caused by the illnesses or accident consequences the insured person suffered from in the period of 12 months before the start of the insurance policy or for which they were provided medical consultancy or medical examination or treatment in the period of 12 months before the start of the insurance policy. This limitation is applicable only if death, full disability or incapacity for work occurred within 24 months from the start of the insurance policy.
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https://www.tatrabanka.sk/en/personal/savings-investments-insurance/ability-repay-consumer-loan-insurance/