Voluntary Borrowers' Accident and Sickness Insurance
You can insure
Monetary interests of a beneficiary related to an infliction of harm to a borrower's life or health as a result of an illness or an accident.
Who can become a beneficiary:
- In the amount of indebtedness under a credit - a loan provider, i.e. a bank or another credit and financial organization;
- in the amount of the difference between a sum of insurance and a sum of indebtedness under a credit - an insured individual person, and in case of his death - legitimate heirs.
What can be insured
- An infliction of harm to a borrower's health that may result in permanent disability (invalidity of the I and II groups);
- an infliction of harm to a borrower's life (death).
Principal conditions of insurance
The sum of insurance is set in the currency of the credit, in Belarusian rubles or foreign currency.
When the insured sum is set in a foreign currency, then the insurance premium calculated in the currency of the insured sum can be paid either in the foreign currency (as provided by applicable laws of the Republic of Belarus) or in Belarusian rubles (by an official rate of Belarusian ruble against a currency of the insured sum set by the National bank of the Republic of Belarus on the day of payment of the insurance contribution (or its part)).
An insurance agreement can be concluded for the period starting from 1 day up to 1 year.
When an insurance agreement is concluded for a 1 year term the insurance premium can be paid as a one-time payment or it can be divided into two installments. In case when an insurance agreement is concluded for a term that is shorter than one year, the insurance premium has to be paid as a one-time payment at the moment of signing of the agreement.
The premium is paid either in cash or by a non-cash transaction.
Insurance agreements are valid on the territory of the Republic of Belarus. A client can conclude an insurance agreement that is valid on territories of other countries (upon availability of contractual arrangements concerning rendering of services on processing of documents that are related to regulation of insurance events on the territory of these countries).
How to conclude an insurance agreement
An insurance agreement is concluded on the basis of a written application - the printable version of the written application form (in order to view documents in Russian in the PDF format you need Adobe Reader installed on your system (download the latest version)).
We also kindly ask you to provide a copy of a credit agreement in order to conclude an insurance agreement.
An agreement comes into effect from the date that was specified on the written insurance application, but not earlier than the insurance premium (or its part) was transferred to the account of Joint Stock Insurance Company ERGO.