Accident, illness, unemployment through no fault of your own or disability - many things can happen in life. That's why we recommend that you take out insurance for your monthly instalment payments.
Avoid unforeseen financial burdens.
You want to be sure that a personal stroke of fate will not also become an unforeseeable financial burden.
Secure payment of your instalments - in every situation in life.
When you take out a credit agreement, you can protect your future plans against the unexpected. Whether it's a cash loan or a leasing contract, voluntary instalment insurance takes over your instalment obligations if you become insolvent through no fault of your own. And gives you the peace of mind and relief you need, especially in difficult situations.
Requirements
- Minimum age at conclusion of contract 20 years, maximum age at expiry of contract 60 years
- The insurance is valid from the day on which the loan was paid out.
- No knowledge of an existing illness or accident
- No absence from work of more than 20 days due to illness/accident and no hospital stay of more than 10 days in the past 12 months.
- No knowledge of impending dismissal
- Permanent employment for at least 6 months with at least 25 hours per week
- Main residence in Switzerland
Frequently asked questions
How and when can I take out instalment insurance?
It is best to take out instalment insurance at the same time as your loan agreement. However, you can also call us at a later date or visit one of our branches directly for a non-binding consultation.
What cases are covered by the instalment insurance?
With instalment insurance, you are covered in the event of involuntary unemployment, illness, accident or total disability.
How do I receive the insurance benefits?
The insurance company takes over your instalment payments in the event of an insured claim. This means that the outstanding payments are transferred directly to the bank in favour of your current loan agreement. Payments are made independently of other insurance benefits.
Do I have to pay back the insurance benefits?
No. The insurance benefits that have been paid out to you do not have to be paid back.
What do I have to do in the event of a claim?
You can report your claim directly to the service provider (bank insurance). You will then be informed personally about the further procedure. Please have your contract number ready.
How can I cancel the instalment insurance?
You can cancel the instalment insurance free of charge in writing and by post within 30 days of the start of the insurance. Please send your notice of termination directly to the bank. The Instalment Insurance can be terminated 30 days after the start of the insurance, subject to a notice period of at least 30 days to the end of the month. This should also be done by written notice and by post to the above address.
How much does the instalment insurance cost me?
The premium for the instalment insurance is calculated on the basis of your monthly financing instalment. You pay the insurance premium together with your financing instalment.
Useful links
Do I need payment protection insurance for my loan?
Save article as PDF: Credit Installment Insurance.pdf