Life insurance for individual clients who receive a consumer loan under the tariff model "Credit Card 100 Days 2.0" at Raiffeisen Bank JSC

The insured object is the life, health and working capacity of the Insured person.

Insurance risks:

1. Death of the Insured person occurring during the entire term of the insurance contract;
2. Disability of the Insured person of Group I or II.

Insured events under the Contract are events defined in the Contract as Insurance risks, excluding those that occurred under circumstances that are exceptions, and that took place during the term and within the territory of the Contract, confirmed by documents issued by competent authorities, with the occurrence of which the Insurer is obliged to make an insurance payment in accordance with the terms of the Contract.

Insurance limitations:

The following are not subject to insurance under this product:

• persons under 18 years old, as well as persons who have reached the age of 71 on the date of conclusion of the insurance contract;
  
• legally incapacitated persons recognized as such in accordance with the law.

The insurance amount is set at UAH 500,000 (the same for all insurance contracts). The insurance amount is determined by the Insurer in accordance with the assessment of the risks of non-repayment of the loan in case of occurrence of insurance risks. The terms of the insurance product do not provide the Insurer with the right to unilaterally reduce the amount of insurance sums and/or insurance payments.

Insurance tariff – 1.0% for each Insurance risk and for the insurance contract as a whole.
Total insurance premium = insurance tariff × insurance amount.

No deductible applies under the insurance contract.

Territory of the insurance contract: Worldwide.

The contract does not apply to:

1. territories where state authorities temporarily do not exercise their powers, settlements located along the demarcation line in accordance with Cabinet of Ministers Order of 07.11.2014 No. 1085-r (as amended on the date of the insured event) or other regulations in force on the date of the event;
2. territories defined in the List approved by the Order of the Ministry of Communities and Territories Development of Ukraine dated February 28, 2025 No. 376, in the version valid on the date of the insured event, or under other regulations adopted if the mentioned Order is repealed;
3. territories of any kind of military actions; temporarily occupied, annexed or disputed territories; territories of states not recognized by Ukraine;
4. territories for which the Ministry of Foreign Affairs of Ukraine has issued a recommendation to refrain from travel before the Insured person crosses the border.

The contract enters into force and insurance protection begins at 00:00 on the day following the date of signing by the Parties of the Application for accession to the Contract (in the form set out in Annex No. 1 to the Terms of the insurance product), subject to payment of the total insurance premium for the first Insurance Period.

Duration of the Contract equals the period of the Policyholder’s use of the loan provided by the Beneficiary under the Loan Agreement specified in the Application. In case of extension of the loan period, the duration of the Contract is extended accordingly, provided that the insurance protection remains valid only if the Policyholder pays the insurance premiums on time and in full.

The insurance period equals one calendar month.

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

The existence of circumstances that are exceptions to insured events and insurance limitations provided for in the Contract constitutes grounds for refusal of an insurance payment.

Failure by the Policyholder to notify the Insurer of the occurrence of an insured event in due time without valid reasons, or failure to fulfill other obligations specified in the Contract or legislation, if this resulted in the impossibility for the Insurer to establish the fact, causes and circumstances of the insured event or its consequences, is grounds for the Insurer to refuse to make an insurance payment.

The Contract is supplementary to banking services under the Loan Agreement specified in the Application, concluded by the Policyholder with JSC Raiffeisen Bank. 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 associated with receiving the financial service under the Contract.

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

Before concluding the Contract, the Policyholder must provide the Insurer with information of material importance for the Insurer’s decision to enter into the Contract and/or determine the insurance premium, including information on circumstances significant for assessing the insurance risk (determining the likelihood of the insured event and the size of possible losses). During the term of the Contract, the Policyholder must notify the Insurer in writing of any such changes no later than 5 (five) working days after they occur.

Information of material importance for the Insurer’s decision to conclude the Contract and/or determine the insurance premium, and/or assess the insurance risk includes data about the Insured person specified in the Application for accession to the Contract (Annex No. 1 to the Terms of the insurance product).

The procedure for taxation of insurance payments is specified on the Insurer’s website at the link
https://uniqa.ua/storage/files/shares/Public information/Taxation procedure of insurance payments.pdf.
This insurance product does not provide tax deductions (tax benefits).

The terms of this insurance product do not grant the Insurer the right to unilaterally reduce the amount of insurance sums and/or insurance payments.

The Policyholder under the Contract is not entitled to bonuses (benefits) from the placement and management of assets covering the Insurer’s technical reserves. The Contract does not provide for an increase in the insurance amount and/or insurance payments by amounts determined by the Insurer once a year based on its annual financial results (participation in the Insurer’s profits), taking into account the requirements of the regulations of the National Bank of Ukraine.

This insurance product requires the consumer to review the information in advance in order to make an informed decision about concluding the insurance contract.

The consumer must review before concluding the insurance contract the information on exclusions from insured events and grounds for refusal of insurance payments, the insurer’s liability limits for each insured object, risk and/or event, as well as the calculation procedure and conditions for making insurance payments contained in the General terms of the insurance product “Life Insurance for individual clients receiving a consumer loan under the tariff model ‘Credit Card 100 days 2.0’ at JSC Raiffeisen Bank”, available at the link: https://uniqa.ua/storage/public-offer/partner-reports/KK_2.0_10.04.2025.pdf