Question 1

Long-term sick leave

Accepted Answer

In the event of sick leave exceeding 30 days, up to 7% of the outstanding balance at the time of sick leave is paid out. If the insured is entitled to compensation from day 31, the insured will receive compensation for the first 30 days. Payment is made each month until you are certified fit for work, for a maximum of 12 months.
If the insured remains at least 50% incapacitated for work after receiving 12 monthly payments, the outstanding balance on the date of the event is settled in full.

Question 2

Unemployment

Accepted Answer

In the event of involuntary unemployment exceeding 30 days, up to 7% of the outstanding balance at the time you became unemployed will be paid out. If the insured is entitled to compensation from day 31, the insured will receive compensation for the first 30 days. Payment is made each month for a maximum of 12 months until you can resume work.
If the insured is still 100% unemployed after receiving 12 monthly payments, the outstanding balance on the event date will be settled in full.

Question 3

Temporary lay-off

Accepted Answer

In the event of involuntary temporary lay-off exceeding 30 days, 7% of the outstanding balance at the time you were temporarily laid off will be paid out. If the insured is entitled to compensation from day 31, the insured will receive compensation for the first 30 days. Payment is made each month for a maximum of 12 months until you can resume work.
If the insured is still 100% temporarily laid off after receiving 12 monthly payments, the outstanding balance on the event date will be settled in full.

Question 4

Hospitalisation

Accepted Answer

Applies only to self-employed persons
In the event of hospitalisation exceeding 3 days, 7% of the outstanding balance on the day the insured is admitted to hospital will be paid out. If the insured is hospitalised for more than 3 days and is entitled to compensation from day 4, the insured will receive compensation from day 1.

Question 5

Critical illness

Accepted Answer

In the event of one of the critical illnesses, the outstanding balance at the time of diagnosis will be paid out. Critical illnesses are defined as cancer, kidney failure, heart attack, stroke, heart disease requiring surgery, or transplantation of a vital organ.

Question 6

Death

Accepted Answer

In the event of death, the outstanding balance at the time of death is paid out.

Question 7

Terms and insurance certificate

Accepted Answer

Policy conditions

Insurance certificate

Payment protection insurance for consumer loan:

Payment protection insurance for Mastercard:

Payment protection insurance

What is payment protection insurance?