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 or mortgage loans of Komerční banka. This insurance will protect you and your family if any unfavourable events occur. In cases you are not able to repay your loan, the insurance company will pay it instead of you. You and your loved ones will have a secured living without more financial worries.

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.

How to arrange the insurance

You can obtain our products at any branch of Komerční banka. For more information call the Client Service of Komerční pojišťovna using the free Info Line 800 10 66 10.

Insurance terms and conditions

Information for Persons Interested in Insurance and Insurance terms and conditions are available only in czech language.