This insurance product covers risks related to borrowers of consumer loans for individuals.

Object of insurance:

  • Individuals aged 18 and above

Insurance coverage:

  • events involving fatal outcomes as a result of an accident or illness
  • permanent disability of over 75% as a result of an accident or illness
  • temporary disability as a result of an accident or illness

* Persons insured under “Golden Age” credits are covered only for the risks “Accidental Death and/or Permanent Accidental disability above 75%”.

Amount assured:

  • In case of Accidental Death or Permanent Accidental Disability above 75% – 200% of the outstanding credit amount is paid;
  • In case of Death or Permanent Disability resulting from illness above 75% – the outstanding credit amount is paid;
  • In case of Temporary Disability due to illness and accident – up to 12 monthly instalments (including principal and interest) are paid per case and 24 in total for the term of coverage.

Term of the insurance policy:

  • equal to the term of the loan contract

Payment of the insurance premium:

  • monthly premiums, automatically collected from the customer’s account in CIBANK

GENERALS TERMS AND CONDITIONS (IN BG)

CLAIM FOR PAYMENT OF SUMS (INDIVIDUALS) UNDER CONTRACTS WITH CIBANK (IN BG).

For additional information please consult your bank adviser.