Loan protection: protection against payment of monthly payments in case of unemployment
March 4, 2019
Do you already have a personal loan in progress or do you wish to obtain a loan to complete a project? Credit protection insurancehelps you to benefit from such service without worries. In case of unemployment, accident or illness, this insurance will reimburse the rest of the monthly fees!
How Insurance Works
This type of insurance, also called PPI ( Payment Protection Insurance ) insurance, allows you to take out a loan without having to worry about the consequences of a possible inability to pay the reimbursement monthly due to the loss of a job, an accident, etc. More precisely, credit protection insurance protects you in case of:
- Illness: In the case of prolonged health problems that make it difficult or impossible to repay your credit, our coverage protects you from the third month and for the next 12 months maximum.
- Accident: If a serious accident happens and generates the total or partial loss of your income, our coverage can protect you with the same conditions mentioned above in case of an illness.
- Optional supplementary insurance: this supplementary insurance protects you in case of involuntary unemployment.
In case of death
Whether or not you have contracted optional credit protection insurance (PPI), having contracted our credit insurance you are already automatically covered in case of death. Your family and people around you will not have to repay your loan.
The services of a specialist
Do you have a loan in progress with our company or with any bank and want to get better protection? Would you like to understand the insurance we have just presented to you? Contact us!