Standard insurance product "My Protection Credit" with code 1416

Insurance Risks: 

• Occurrence of an accident involving the Insured Person;
• Illness of the Insured Person.

Insured Events:

1. under accident insurance:
1.1. Establishment of Disability Group I for the Insured Person as a result of an Accident;
1.2. Death of the Insured Person as a result of an Accident;
1.3. Hospitalization of the Insured Person as a result of an Accident;
2. under illness insurance:
2.1. Death of the Insured Person as a result of Illness;
2.2. Hospitalization of the Insured Person as a result of Illness.

Insurance Limitations:
Not accepted for insurance:
• persons under 18 years of age and over 70 years of age on the date of concluding the insurance contract;
• legally incapacitated persons, recognized as such in accordance with applicable legislation.

The insurance sum is determined by agreement of the Parties in the amount of the Policyholder's debt under the credit agreement.
The limit of liability for cases specified in clauses 1.1, 1.2 and 2.1 of the section "Insured Events" – the payment is made once in the amount of the outstanding debt of the Policyholder under the Credit Agreement as of the date of the Insured Event, but in any case not more than the actual debt (excluding penalties and fines) under such Credit Agreement on the date of the insurance payment, and in any case the insurance payment cannot exceed UAH 1,000,000.00; and in the absence of debt under the Credit Agreement, the insurance payment cannot exceed UAH 350,000.00. 

The insurance payment is in any case made within the General Insurance Sum under the Agreement. The limit of liability for cases specified in clauses 1.3 and 2.2 of the section "Insured Events" – the payment for one Insured Event is calculated depending on the duration of continuous stay of the Insured Person in a hospital (inpatient treatment under round-the-clock medical supervision), taking into account the conditions of Section 9 of the General Terms of the insurance product "My Credit Protection" with code 1416.
The insurance sum is aggregate, meaning it decreases after each insurance payment is made.

Insurance premium = insurance tariff × insurance sum.

The insurance tariff is established by agreement of the Parties. The size of the insurance tariff is determined as the rate of the total insurance payment to the insurance sum under the insurance agreement. The insurance tariff depends on the term of the contract:

Not applicable.

Territory of insurance:

• Worldwide – for events specified in clauses 1.1, 1.2 and 2.1 of the section "Insured Events";
• Ukraine – for events specified in clauses 1.3 and 2.2 of the section "Insured Events".

The insurance agreement does not apply:
1. to temporarily occupied territories of Ukraine defined by regulatory acts of Ukraine; territories of Ukraine where state authorities temporarily do not exercise their powers; settlements and territories located on the demarcation line or areas of hostilities of any kind, regardless of official recognition of war under law;
2. to territories outside Ukraine in zones of hostilities of any kind, regardless of official recognition of war under law; temporarily occupied, annexed, or disputed territories, territories of states not officially recognized by Ukraine; territories for which the Ministry of Foreign Affairs of Ukraine has issued a recommendation to refrain from traveling before the Insured Person crosses the border.

Term of the insurance agreement – agreements are concluded for the term of the credit agreement.

The Agreement takes effect and insurance coverage begins from the date the insurance premium is paid to the Insurer’s current account in the amount and within the term specified in the Agreement, but not earlier than 00:00 Kyiv time on the date specified in the Agreement as the start date of the Agreement’s validity.

The Agreement and insurance coverage remain valid until 24:00 Kyiv time on the date specified in the Agreement as the expiration date of the Agreement, unless other circumstances stipulated in Section 12 of the Terms lead to early termination of the Agreement, taking into account the Agreement’s provisions on payment of the insurance premium.

In case of non-performance or improper performance of the terms of the Agreement, the Parties are liable in accordance with the current legislation of Ukraine.

In any case, the Insurer is released from the obligation to make an insurance payment for events at the time of which there was an overdue debt for the payment of the insurance premium under this Agreement.

The Agreement is supplementary to banking services under the Credit Agreement specified in the Agreement. In connection with the conclusion of the Agreement, 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 Agreement.

Discounts and promotional offers are absent and not applicable.

Before concluding the Agreement, the Policyholder (Insured Person) is obliged to provide the Insurer with information that is materially important for the Insurer's decision to conclude the Agreement, and/or for determining the amount of the insurance premium under the Agreement, including information on circumstances that are materially important for the assessment of insurance risk (determining the likelihood and probability of the insured event and the amount of possible losses), and during the term of the Agreement, no later than 5 (five) working days after changes occur, to notify the Insurer in writing of any changes in circumstances that are materially important for the assessment of insurance risk, and/or other circumstances affecting the amount of the insurance premium under the Agreement.

Information materially important for the Insurer’s decision to conclude the Agreement, and/or for determining the amount of the insurance premium under the Agreement, and/or for the assessment of insurance risk includes data about the age of the Insured Person, type of activity or profession of the Insured Person, place of work, performance of activities with increased risk, participation in sports, changes in the health status of the Insured Person, provided at the conclusion of the Agreement.

This insurance product requires the consumer to familiarize themselves in advance in order to make an informed decision about concluding the insurance agreement.

Full information about the insurance product is disclosed in the General Terms of the insurance product "My Credit Protection" with code 1416, available at: https://uniqa.ua/storage/public-offer/partner-reports/1416_Miy_zakhyst_kredyt_umovy_RCI_22.07.2024.pdf

Before concluding the insurance agreement, the consumer should review information about exclusions from insured events (Section 6 of the General Terms) and grounds for refusal of insurance payments (Section 10 of the General Terms), limits of liability of the insurer for a particular object of insurance, insurance risk and/or insured event (Section 5 of the General Terms), as well as the procedure for calculating and conditions for making insurance payments (Section 9 of the General Terms).