This insurance contract is concluded in order to provide the debtor and his family with financial assistance to repay the loan received in the event of partial or complete disability or death of the debtor as a result of an accident

INSURANCE CASE

    ​The insurer provides insurance protection against the insurer's failure to fulfill its obligations to repay the loan provided to the beneficiary as a result of the following events:

death of the insured as a result of an accident;

temporary loss of general ability to work as a result of an accident;

loss of general ability to work (disability) as a result of an accident and, as a result, the loss of the possibility of another occupation in any type of labor activity.

    An insured event is the following event, as a result of which the property purchased with a consumer loan is lost or damaged, and the insurer is obliged to pay insurance compensation:

fire; theft by damage, illegal actions of third parties.

CLAIMANT CASES OF INSURED EVENT

    Insurance cases do not include:

Establishment by the investigating authorities or the court of the presence in the death, mutilation of the debtor of signs of an intentional crime.

An accident that occurred when the insured engaged in any dangerous sport (auto and motor sports, parachuting, hang gliding, alpine skiing, wrestling alone, mountain climbing, mountain and water tourism, scuba diving), if the insurance contract does not stipulate separate other conditions.

Loss of consciousness, as well as the appearance under the influence of alcohol, drugs and toxic substances.

An accident and other events caused directly or indirectly by gross violations of safety rules, labor protection rules and industrial sanitation standards established by the insurance contract.

TERM OF INSURANCE

    The term of the loan agreement is determined

PAYMENT OF INSURANCE COMPENSATION

In case of recognition of the occurrence of an insured event, the insurer draws up an act on the insured event within 3 (three) working days. It indicates all the data received and determines the amount of insurance compensation to be paid. The insurance event report is drawn up in the presence of representatives of the insurer, beneficiary/insured.

The insurance indemnity/insurance money is paid out by the insurer within 5 (five) banking days after receiving all the documents necessary for considering the insured event and signing the Insured Event Report.