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Loan payment insurance

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 financial assistance for an 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.

  • 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.

Find out how much you would pay for your loan payment insurance.

 

 

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

Compulsorily insured risks

Temporary disablement:
work loss related to illness or accident and lasting more than 30 days.

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

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

-

-

The Indemnity Application can be filled out and submitted by any person

Loss of life

Entire housing loan balance

The next day after the date of signature of the contract

-

-

The Indemnity Application can be filled out and submitted by any person

Your choice: you can insure this risk coverage in addition

Involuntary unemployment lasting more than 30 days:
work is lost on the grounds of the employer's notice or mutual agreement, initiated by the employer, as the result of staff reduction or liquidation of the company.

Monthly payments for your housing loan

60 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.

Find out how much you would pay for your loan payment insurance.

You can insure your credit payments, if:

  • you have an SEB housing loan
  • you are a resident of Latvia between the age of 18 and 55

The contract for loan payment insurance can be signed together with the loan agreement, or at any moment convenient to you during the validity of the loan agreement by visiting a branch of SEB banka.

If an insurance case occurs, you should contact any of the SEB bank branches and fill in the Indemnity Application (LAT, PDF). You will need to submit some documents from medical and/or public authorities together with the application; regarding the documents please contact SEB Dzīvības apdrošināšana on the phone at 6 707 9800.

Find out how much you would pay for your loan payment insurance.

I would like an SEB employee to contact me

Please provide your contact information, and the SEB Dzīvības apdrošināšana experts will contact you to discuss the issues related to insurance.

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