Standard insurance product “Cash Loan Insurance”

The life, health and ability to work of the Insured Person, which are associated with:

• the insurance interests of the Policyholder (Insured Person / Beneficiary);
• the insurance risks subject to coverage.

Insurance risk: 

1. an accident involving the Insured Person;
2. an illness of the Insured Person.

Accidents include:

• traumatic injuries, burns, frostbite, accidental acute poisoning by poisonous plants, chemical substances (industrial or household), poor-quality food (except salmonellosis, dysentery), medications; botulism; infection with tick-borne encephalitis (encephalomyelitis), poliomyelitis, rabies as a result of animal bites, tetanus, leading to the death of the Insured Person;
• drowning, lightning or electric shock, bites of animals or poisonous insects, snakes, penetration of foreign bodies, unlawful actions of third parties that caused the death of the Insured Person;
• consequences of military actions — shell, mine, or bullet impact, building destruction, territory mining, explosions, fires, etc. (excluding the use of weapons of mass destruction — nuclear, biological, or chemical, including tactical types, as well as rocket and/or artillery weapons, bombs of any kind), leading to the death of the Insured Person, provided that the event occurred as a result of military actions on the territory of Ukraine and the Insured Person was a civilian who did not take active part in repelling or restraining armed aggression, including but not limited to the use of firearms, participation in combat actions, elimination of their consequences, military exercises, or training (including as volunteers, servicemen, employees of the Ministry of Internal Affairs, National Guard, members of territorial defense and other National Resistance forces of Ukraine).

Insurance event: the occurrence of an insured risk during the validity of the insurance coverage and the Contract, confirmed by documents and not excluded from coverage, namely:

1. Death of the Insured Person as a result of an accident (including during military actions);
2. Death of the Insured Person due to illness.

Coverage limitations:
The following persons are not eligible for insurance under this product:

• persons declared legally incompetent by law;
• those suffering from mental illness, alcohol, or drug addiction;
• those in places of detention;
• those directly participating in combat or armed conflicts anywhere in the world;
• those employed or serving in the Armed Forces of Ukraine, National Guard, Security Service, Foreign Intelligence Service, State Border Guard Service, State Special Transport Service, Military Prosecutor’s Office, militarized units of the Ministry of Internal Affairs, State Security Directorate, State Emergency Service, State Criminal-Executive Service, or volunteer and other military or paramilitary formations, whether state or non-state;
• persons under 18 or over 65 years of age at the time of contract conclusion;
• persons suffering from cancer, severe cardiovascular diseases, HIV-infected or AIDS patients, those with serious traumatic injuries affecting the nervous system, or those registered in narcological, psychoneurological, tuberculosis, or dermatovenerological dispensaries.

The amount of the insurance sum is determined by the Parties on the date of the Contract conclusion, in the amount of the Policyholder’s debt under the Credit Agreement specified in the insurance contract.

Insurance rate amount

The insurance rate for one month of the insurance contract validity is set at 0.2% of the insured amount specified in the contract. The total insurance rate (for the entire duration of the Contract) is calculated by multiplying the monthly rate by the number of months of the Contract.

Insurance premium amount

The insurance premium amount depends on the insured sum, the duration of the insurance contract, and the frequency of premium payments. The insurance payment under the Contract is calculated as the product of the insured sum and the insurance rate.

Not applicable.

Territory of the Contract — worldwide.

The Contract does not apply:
- to the temporarily occupied territories of Ukraine; territories where the state authorities of Ukraine do not exercise their powers; settlements located along the demarcation line; territories of active hostilities where military actions are ongoing at the date of the event with signs of an insurance case;
- to territories outside Ukraine in war zones of any kind, regardless of official recognition of war, as well as territories for which the Ministry of Foreign Affairs of Ukraine has issued a recommendation to refrain from travel prior to crossing the border by the Insured Person.

Duration of the insurance contract is determined by the Parties upon conclusion, for a period corresponding to the validity of the Credit Agreement specified in the insurance contract.

Insurance period — 1 (one) month — depending on the number of periods specified in the Contract.

The Contract takes effect from the date specified in the insurance agreement, but not earlier than 00:00 hours of the day following the date of payment of the insurance premium in the amount defined by the Contract, and remains valid until 24:00 hours of the date of expiration, unless terminated earlier.

Insurance coverage during each insurance period is valid provided that the insurance payment for that period has been made in accordance with the Contract.

Extension of the Contract term is possible only by mutual consent of the Parties through the conclusion of a new insurance contract for a new term, unless otherwise provided by an additional agreement.

The Contract terminates, and insurance coverage cannot be renewed, if the insurance payments are not received or are received incompletely for six (6) consecutive months.

The Contract establishes a waiting period for the insurance event — during the first 7 (seven) days from the date of entry into force — a period during which the insurance coverage is not valid.

Failure of the policyholder to fulfill their obligations under the insurance contract may be grounds for the insurer to refuse payment of the insurance compensation.

The insurer has the right to refuse the insurance payment if the insured person fails to perform the actions stipulated by the contract when an event with the characteristics of an insured event occurs.
If the insurance payment for a particular insurance period is not paid or only partially paid, the insurance coverage for that period shall not be valid, and no insurance payments shall be made for events that occurred during the unpaid period.

The contract is not an addition to other goods, works, or services that are not insurance-related. In connection with the conclusion of the Contract, there is no need to obtain additional or related services from the Insurer and/or third parties related to the provision of financial services under the Contract.

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

When concluding the Contract, the Policyholder must provide the Insurer with information on the existence of an insurable interest regarding the object of insurance, all known circumstances that are essential for assessing the insurance risk (probability and extent of potential losses), and subsequently, no later than 5 (five) working days after any changes, notify the Insurer of any alterations to such circumstances. The conclusion of the Contract for persons who cannot be insured under paragraph 12.8 of the General Terms and Conditions of the insurance product is considered a violation of this obligation.

This insurance product requires the consumer’s prior review to make an informed decision regarding the conclusion of the insurance contract.

Before entering into the insurance contract, the consumer must familiarize themselves with the information about exclusions from insurance cases and grounds for refusal of insurance payments, the insurer’s liability limits for individual objects, insurance risks, and/or insurance cases, as well as the calculation procedure and terms of insurance payments, contained in the General Terms and Conditions of the insurance product "Cash Loan Insurance" (the public part of the insurance contract), available at the link: https://uniqa.ua/storage/public-offer/partner-reports/1218_umovy.pdf