Loan payment insurance
Essential protection of a housing loan borrowers for relatively small monthly installments
To reduce the risks associated with repayment of housing loans in various unexpected life situations, use insurance of loan payments. It is a financial assistance for the borrower and members of their family during the repayment period of the home loan, in the event of serious health problems, as well as in case of loss of life or forced unemployment. You can insure your loan payments if you have a SEB housing loan and you are a resident of Latvia between the age of 18 and 55.
- Security, protecting your family from loss of property in unexpected life situations.
- The possibility of concluding the insurance contract at any moment during the duration of the credit agreement convenient to you.
- A chance to insure the loan guarantor also – the best possible solution if you have a joint loan.
- The insurance premium is deducted automatically together with the loan payment.
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What is compensated? |
When does the risk insurance become effective? |
Period of own risk |
The maximum period of indemnity per one case |
Submission of the Indemnity Application |
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Compulsorily insured risks |
Temporary disablement: |
Monthly payments for your housing loan |
30 days after the date of signature of the contract |
Indemnity is not paid for the first 30 days |
12 months |
The Indemnity Application can be filled out and submitted by any person |
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Lasting incapacity for work, when working capacity is permanently lost. |
Entire housing loan balance |
The next day after the date of signature of the contract |
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- |
The Indemnity Application can be filled out and submitted by any person |
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Loss of life |
Entire housing loan balance |
The next day after the date of signature of the contract |
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- |
The Indemnity Application can be filled out and submitted by any person |
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Your choice: you can insure this risk coverage in addition |
Involuntary unemployment lasting more than 30 days: |
Monthly payments for your housing loan |
90 days after the date of signature of the contract |
Indemnity is not paid for the first 30 days |
6 months |
The Indemnity Application can be filled out and submitted only by the insured person who experiences involuntary unemployment. |
You can sign Loan payment insurance agreement together with a loan agreement or at any time that is convenient for you for the whole duration of the loan agreement.
Remotely you can receive a consultation, during which an insurance specialist will find the most suitable insurance options based on your needs. You can apply for a consultation here.
Loan payment insurance agreement can be concluded without leaving your home – all you need is the internet bank and qualified Smart-ID.
In case an insurance event has happened, you can fill in indemnity form online here.
| In force from | In force to | |
|---|---|---|
| Borrower insurance terms and conditions |
18.12.2019
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In force
|
| Unemployment insurance terms and conditions (LAT) |
18.12.2019
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In force
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| Borrower insurance claim application (LAT) |
18.12.2019
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In force
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| Unemployment insurance claim application (LAT) |
18.12.2019
|
In force
|