Payment protection insurance to consumer loans – Advantages
The payment protection insurance is a part of the consumer loan provided by Komerční banka. This insurance is already included in the price of the loan for all clients who sign the Health Declaration form when arranging the loan. The client then does not have to pay any premiums and s/he is still fully protected against many unpleasant situations.
Advantages of collective insurance:
- Although the client does not pay any premiums, s/he has a comprehensive insurance cover.
- 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.
