Life insurance of borrowers | OTP banka

When you decide to take out a long-term loan, take care of the financial security of your loved ones.

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  2. Personal
  3. Insurance
  4. Life insurance

LIFE INSURANCE FOR BORROWERS

Life can be unpredictable, so be responsible when taking out a loan and take care of the financial security of your loved ones.

With borrower insurance, you ensure that loan repayment does not become a burden to your loved ones if an unpleasant event, such as death or disability, occurs during the repayment period.

OTP Banka    


Loan repayment in case of death or disability.
 
 

OTP Banka


An affordable monthly premium that does not depend on your age or lifestyle.
 
 

OTP Banka


Simple and quick when taking out a new consumer or home loan or while paying off an existing one.
 

You can choose between two bundles:

 
BASIC BUNDLE

The Basic bundle includes:

  • death insurance and
  • insurance for total permanent incapacity for work.

OTP Banka
Coverage: insurance includes loan repayment.

In case of death or permanent incapacity for work, the remainder of the loan debt will not burden your loved ones. The rest of the loan will be repaid to the bank by the insurance company.
PERFECT BUNDLE
The Perfect bundle includes:
  • death insurance,
  • insurance for total permanent incapacity for work and
  • unemployment insurance.
OTP Banka
Coverage: In case of death or permanent incapacity for work, the remainder of the loan debt will not burden your loved ones. The rest of the loan will be repaid to the bank by the insurance company.

In case of unemployment, the insurance company will pay out up to 6 installments of the loan (the maximum installment payment for a consumer loan is 500 EUR, and 1,500 EUR for a housing loan).

Taking out insurance is completely simple:

 
OTP Banka When taking out the insurance, you sign a declaration of good health.
OTP Banka
You can take out insurance when taking out a new consumer or home loan or while paying off an existing one.
 
OTP Banka The premium is paid monthly via SEPA direct debit.
 

Most frequent questions and answers

 
What types of life insurance are there?
We know two types of life insurance: with a fixed sum insured and with a decreasing sum insured. With a fixed sum, the sum insured remains the same throughout the term of the contract. This option is ideal for family insurance. With a decreasing sum insured, the sum insured decreases evenly during the term of the contract and is more suitable for loan insurance.

Borrower's life insurance is insurance with a decreasing sum insured.
What is the sum insured for borrower insurance?
In case of a loss event, the sum insured is equal to the amount of the remaining loan debt on the day of the event.
How long is the borrower insurance valid for?
The duration of the life insurance is unified with the duration of the loan. Thus, the loan is insured for the entire period.
When is the right time to take out borrower insurance?
It is recommended responsible to take out life insurance when taking out a loan.
Who can take out insurance?

People between the ages of 18 and 64 can be insured with the Basic bundle, and people over 54 with the Complete bundle.

A condition for the conclusion is a signed declaration of good health.

The maximum sum insured for death and total permanent incapacity for work is 250,000 EUR. 
Is a medical examination necessary?
Up to the sum insured of 150,000 EUR, it is not necessary to undergo a medical examination and fill out a health questionnaire, only a declaration of good health is confirmed.
OTP Banka

If you have any other questions, we will be happy to answer them in one of our branches, where our experts are at your disposal, or click on the I am interested button, submit your information and we will contact you as soon as possible.
 

Are you interested in life insurance for borrowers? The conclusion is simple.

 
 
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With just one call


Click on I am interested, submit your information and we will contact you as soon as possible.

I AM INTERESTED

Contact us and we will help you find the best solution for you.
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In the branch


You can take out insurance in one of our branches.
We are the most accessible bank with the widest network, where you can also provide various other services throughout Slovenia.
 
 

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