Standard insurance product "My Protection Credit" with code 1414

Insurance Risks. Insurance Events.

Insurance Limitations

Insurance Risks: 

• Occurrence of an accident with the Insured person;
• Illness of the Insured person.

Insurance Events:

1. in terms of accident insurance:

1.1. Establishment of Group I Disability of the Insured person due to an Accident;

1.2. Establishment of Group II Disability of the Insured person due to an Accident;

1.3. Death of the Insured person due to an Accident;

2. in terms of illness insurance:

2.1. Establishment of Group I Disability of the Insured person due to Illness;

2.2. Establishment of Group II Disability of the Insured person due to Illness;

2.3. Death of the Insured person due to Illness;

Insurance Limitations:
Not accepted for insurance:
• persons younger than 18 years and older than 65 years at the date of expiration of the insurance contract;
• incapacitated persons recognized as such in accordance with the law.

The insurance amount is determined by agreement of the Parties in the amount of the Policyholder's debt under the credit agreement.
The liability limit for the occurrence of an Accident with the Insured person – equals the Total insurance amount under the insurance contract.
The liability limit for the occurrence of Illness of the Insured person – equals the Total insurance amount under the insurance contract, but not more than 750,000 UAH.

The insurance amount is aggregate, meaning it decreases after an insurance payout is made.

The insurance rate is determined by agreement of the Parties.

The minimum and maximum annual insurance rate: from 0.367% to 0.843% of the insurance amount under the insurance contract.

Insurance premium = insurance rate × insurance amount.

Not applicable.

Territory of insurance: Worldwide.

The insurance contract does not apply:

1. to temporarily occupied territories of Ukraine;
2. to territories of Ukraine where state authorities temporarily do not exercise their powers, and in settlements located along the demarcation line;
3. to territories of military operations of any kind;
4. to temporarily occupied, annexed, or disputed territories, territories not officially recognized by Ukraine as states;
5. to territories for which the Ministry of Foreign Affairs of Ukraine has issued a recommendation to refrain from travel before crossing the border by the Insured person.

Term of the insurance contract – contracts are concluded for the duration of the credit agreement.

The contract enters into force and Insurance coverage begins at 00:00 Kyiv time on the date following the date the Insurance premium (the first part of the Total insurance premium, if paid in installments) is credited to the Insurer's current account for the first insurance period in the amount and within the term specified in the Contract, but not earlier than 00:00 Kyiv time of the date specified in the Contract as the start date of the Contract.

The contract and Insurance coverage are valid until 24:00 Kyiv time on the date specified in the Contract as the end date of the Contract, unless other circumstances provided for in the Contract lead to its early termination, taking into account the conditions of the Contract regarding the payment of the Insurance premium.

If the Total insurance payment is made in installments, the second and each subsequent installment must be paid in the amounts and within the terms specified in the Contract.

The insurance coverage period is extended for the next insurance period provided that the Policyholder pays the next installment of the Total insurance premium (if paid in installments) for the next insurance period no later than the date specified in the Contract as the deadline for payment of this premium for that period.

In case of failure or improper performance of the Contract terms, the Parties bear liability in accordance with the current legislation of Ukraine.

Late notification by the Policyholder or the Insured person, or the Beneficiary about the occurrence of the Insurance event without valid reasons, late submission of documents required for the Insurer to make the Insurance payment as stipulated in the Contract without valid reasons, or failure to fulfill other obligations defined by the Contract or legislation, if this leads to the impossibility for the Insurer to establish the fact, causes and circumstances of the Insurance event or the amount of damage (loss), constitutes grounds for refusal of the Insurance payment.

In all cases, the Insurer is released from the obligation to make an Insurance payment for events where, at the time of their occurrence, there was overdue debt on the Insurance premium (or a part of the Total insurance premium if paid in installments) under this Contract.

The Contract is an addition to banking services under the Credit Agreement specified in the Contract. In connection with the conclusion of the Contract, there is no need to obtain additional or ancillary services from the Insurer and/or third parties related to receiving the financial service under the Contract.

Discounts and promotional offers are not available and do not apply.

Before concluding the Contract, the Policyholder (Insured person) is obliged to provide the Insurer with information that is essential for the Insurer's decision to conclude the Contract, and/or determine the amount of the insurance premium under the Contract, including information on circumstances that are essential for assessing the Insurance risk (determining the probability of the Insurance event and the possible amount of losses), and during the term of the Contract, no later than 5 (five) business days after any changes occur, to notify the Insurer in writing of any changes in circumstances that are essential for assessing the Insurance risk, and/or other circumstances affecting the amount of the Insurance premium under the Contract.

Information considered essential for the Insurer’s decision to conclude the Contract, and/or determine the amount of the Insurance premium under the Contract, and/or to assess the Insurance risk includes data on the age of the Insured person, type of activity or profession of the Insured person, place of work, sports activities, and changes in the health condition of the Insured person.

This insurance product requires prior review by the consumer in order to make an informed decision about entering into the insurance contract.

Before concluding the insurance contract, the consumer must familiarize themselves with the information on exclusions from insurance events and grounds for refusal to make insurance payments, the Insurer’s liability limits for a particular object of insurance, insurance risk and/or insurance event, as well as the calculation procedure and conditions for making insurance payments, as set out in the General Terms of the insurance product “My Credit Protection” with code 1414, available at: https://uniqa.ua/storage/public-offer/partner-reports/Miy_zakhyst_kredyt_z_kodom_1414_umovy_01.07.2024.pdf