Ability to repay mortgage loan insurance

The ideal solution for the unforeseen life events that may result in an inability to repay the loan.

Efficient insurance protection

Efficient insurance protection

Help at a long-term loss of income

Help at a long-term loss of income

Insurance coverage for the event of death, disability, inability to work and loss of employment

Insurance coverage – for the event of death, disability, inability to work and loss of employment

For new as well as existing loans

For new as well as existing loans

The benefits of the insurance of the ability to repay mortgage loan

The repayment of mortgage loan is a commitment for many years. Insure your loan and get rid of needless worries caused by an unforeseen life situation that may lead to a lowered ability of repaying the loan.

The benefits of the insurance of the ability to repay mortgage loan

 Benefits:

  • easy contract arrangement at the branch of the bank or also via DIALOG Live
  • automatic restriction of disposal rights to the amount of insurance claim
  • possibility to insure a debtor or a co-debtor
  • possibility to arrange the insurance policy for a new as well as an existing loan
  • possibility to select the scope of insurance coverage
  • possibility to arrange without the examination of health condition
  • insurance up to 100 % of the loan

Insurance parameters

The parameters of the insurance of the ability to repay mortgage loan

  • Entrance age of the insured is from 18 - 58 years
  • Insured amount is determined as a percentage of the loan amount (min. 50 % and max.100 %)
  • Coverage possibilities - death, full disability, incapacity for work and loss of employment
  • The amount of insurance premium remains the same for the whole duration of coverage
  • For the duration of the insurance policy, the insured sum decreases depending on the repayment of loan
  • The insurance is automatically terminated by the repayment of loan

Insurance coverage

Death - the amount of the insurance claim is paid to the bank in the amount of total unpaid principal and interests calculated as of the day of death of the insured person (depending on the agreed % of the insured loan determined in the insurance policy).

Full disability - the amount of the insurance claim is paid to the account of insured person in the amount of the monthly payment of insured loan.

Inability to work and loss of employment - the amount of the insurance claim is paid to the account of insured person in the amount of monthly payment of the insured loan for the maximum period of 12 months.

Insured person

The insured person is a debtor or a co-debtor, to whose life or health the insurance policy applies. The insurance policy is possible to take out only for one person – a loan debtor or a co-debtor.

Reporting of insured event

For making a claim please use one of the following options: 

  • By post to the address of the insurance company:
    UNIQA poisťovňa, a.s.
    Krasovského 15
    851 01 Bratislava
  • In person in branches of UNIQA insurance company or in Tatra banka branches
  • Forms for reporting of insured event are available to the clients also in web site of UNIQA poisťovna, a.s.
Reporting of insured event

Warning: The loan repayments must be repaid according to the agreed conditions even after the insured event. Upon liquidation of the insured event, the insurance company pays the reimbursement also after the claim is recognized. 

Frequently asked questions

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https://www.tatrabanka.sk/en/personal/savings-investments-insurance/mortgage-repayment-insurance/