Risk life insurance tied to the KB mortgage loan – Description
The risk life insurance Pyramida was particularly designed in order to secure clients´ loans of Modrá pyramida. This insurance is principally intended for all clients who are using any MPSS loan. However, it is possible to subscribe even without any relation to a loan from Modrá pyramida.
This insurance will give you certainty that, if any unfavourable events occur, you and your loved ones will have a secured living without more financial worries about repaying your loan.
The insurance contains
- Option A: insurance against death and total disability
- Option B: insurance against death, total disability and working inability
- Option C: insurance against death, total disability, working inability and loss of job
The insurance is closely linked to the loan and thus it fully covers your needs – the sum insured decreases in relation to your gradual loan repayment. This is the reason why the insurance can be obtained for a very favourable price. Should an insured event occur – death or awarding of the total disability status, the insurance company settles the remaining amount of your debt to the bank. Your family therefore will not be obliged to continue repaying the loan and the savings of your family or any pledged real estate will not be endangered.
If you become incapable of working for a long period or lose your job, we will assume the regular loan repayments for you. At the same time, you will be released from the obligation to pay premiums so your family budget will not be burdened with your long-term commitments. Your family or guarantors will certainly appreciate such insurance coverage!
If you already have another life insurance tied in favour of KB, you may arrange an insurance policy only to cover the part of your debt to KB. For example, if you cover with this insurance only 50% of your loan, then in case of an insured event, the insurance company will settle the remaining 50% of your debt.
