This insurance contract is drawn up in order to provide financial assistance to the borrower and his family for the repayment of the loan in case of partial or complete incapacitation or death of the borrower as a result of an accident.
Insurer provides insurance protection against non-fulfillment of obligations to repay the loan provided by the insured 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 capacity for permanent full-time work as a result of an accident (disability) and, as a result, loss of the ability to engage in any type of work.
An insured event is the following event, which, as a result of its occurrence, leads to the destruction or damage of the property purchased with a consumer loan and causes the insurer's obligation to pay insurance compensation:
fire; hacking and theft, illegal actions of third parties.
EXCEPTIONS TO THE INSURANCE EVENT
The following are not included in the insured events:
If it is determined by the investigation agencies or the court that there are signs of intentional crime in the death or injury of the debtor.
Unless otherwise specified in the insurance contract, the policyholder's participation in any dangerous sport (car and motor sports, parachuting, hang gliding, skiing, individual wrestling, alpinism) , mountain and water tourism, underwater swimming) an accident that occurred while engaged in activities.
Loss of consciousness, as well as sedation under the influence of alcohol, drugs and toxic substances.
An accident that occurred as a result of direct or indirect violation of technical safety rules, labor protection rules and industrial sanitation standards and other events specified in the insurance contract.
TERM OF INSURANCE
The term of the loan agreement is determined
PAYMENT OF INSURANCE INDEMNITY
In the event that the insurer recognizes the occurrence of an insured event, it shall draw up a document on the insured event within 3 (three) working days. It shows all the information obtained and determines the amount of insurance compensation to be paid. The act on the insurance event is drawn up in the presence of representatives of the insurer, beneficiary/insured.
5 (five) banks after receipt by the Insurer of all documents necessary for the consideration of the insurance indemnity/insurance money of the insurance event and the signing of the document on the insurance event will be paid within the day.