Bank borrower insurance (for clients of JSC CB "PrivatBank")

Insurance risks: 
• occurrence of an accident involving the Insured Person;
• illness of the Insured Person.

Accidents include:
– traumatic injuries, burns, frostbite, accidental acute poisoning from toxic plants, chemical substances (industrial or household), poor-quality food products (except for salmonellosis and dysentery), medications; botulism; infection with tick-borne encephalitis (encephalomyelitis), poliomyelitis, rabies due to animal bites, tetanus;
– drowning, lightning or electric shock, bites of animals or poisonous insects or snakes, penetration of foreign objects, unlawful acts of third parties, etc.

An insured event is the occurrence of an insured risk during the period of insurance coverage under the Contract, confirmed by documents and not excluded from insured events, namely:

1. Death of the Insured Person as a result of an accident;
2. Permanent loss of working capacity (disability of Group 1 or 2) due to an accident;
3. Death of the Insured Person due to illness.

Insurance limitations:
Not eligible for insurance:
• persons legally recognized as incapacitated.

The insurance sum is determined by mutual agreement of the Parties in the amount of the Policyholder’s debt under the credit agreement.

The insurance rate is established by agreement between the Parties.

The minimum and maximum annual insurance rate: from 0.5% to 1.0% of the insured sum under the insurance contract.

Insurance premium = insurance rate × insurance sum.

Not applicable.

Territory of the contract – Ukraine.
The contract does not apply:
– to temporarily occupied territories of Ukraine as defined by Ukrainian legislation, as well as to territories where state authorities temporarily do not exercise their powers, and to settlements located along the demarcation line; territories where active hostilities are ongoing.

Contract term – 1 (one) year.

If the contract term exceeds 1 (one) year, it is divided into insurance periods.

The contract enters into force at 00 hours 00 minutes (Kyiv time) on the start date of the contract, but not earlier than the day following the payment by the Policyholder of the insurance premium for the first insurance period, in the amount specified in the contract, to the Insurer’s bank account.

The contract remains valid until 24 hours 00 minutes Kyiv time on the date defined as the end of the relevant insurance period for which payment has been received, unless other circumstances lead to early termination of the contract.

Failure by the Policyholder to fulfill contractual obligations constitutes grounds for refusal of an insurance payment. If the insurance premium or its first installment is not paid in the amount and within the terms specified in the contract, the contract is considered not concluded (unless otherwise agreed by the parties and stated in the insurance contract). If a subsequent installment is not paid in the amount and within the terms specified in the contract, the contract terminates (unless otherwise agreed by the parties and stated in the contract).

The contract is supplementary to banking services under the Credit Agreement concluded by the Policyholder with JSC CB “PRIVATBANK”. Due to the conclusion of the contract, there is no need to obtain any additional or related 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.

When concluding the Contract, the Policyholder must provide the Insurer with information about the existence of an insurable interest regarding the insured object, as well as all known circumstances that are essential for assessing the insurance risk (determining the likelihood of the insured event and the potential loss amount), and thereafter, no later than 5 (five) business days after any changes occur, inform the Insurer about any changes in circumstances that are essential for assessing the insurance risk and/or other circumstances that affect the amount of the insurance premium under the Contract.

Information essential for the Insurer’s decision to conclude the Contract, and/or to determine the insurance premium amount, and/or for assessing the insurance risk includes details about the age of the Insured Person, their health condition, and any changes in the Insured Person’s health condition.

This insurance product requires the consumer to review the relevant information beforehand to make an informed decision about entering into the insurance contract.

Before concluding the insurance contract, the consumer must familiarize themselves with information regarding exclusions from insured events and grounds for refusal of insurance payments, the insurer’s liability limits for individual insured objects, insurance risks and/or insured events, as well as the calculation procedure and conditions for insurance payments, as set out in the General Terms and Conditions of the insurance product "Health Insurance in Case of Illness and Accidents of a Bank Borrower", available at: https://uniqa.ua/storage/public-offer/partner-reports/1415_UMOVY.pdf