Loan payment protection insurance
Loan payment protection insurance provides financial security in unexpected situations that may affect your ability to make loan payments. If you face challenging circumstances, such as incapacity for work or job-loss, the insurance can help cover your loan payments.
You can add loan payment protection insurance to the Liisi Plus contract and to all small loans except for refinancing loan.The insurance can be conveniently added through our self-service platform before signing the loan agreement. For more detailed information about loan payment protection insurance, please refer to our FAQ page or click the loan insurance information tooltip in self-service before signing the loan agreement.
In which cases does the insurance apply?
Unemployment
Temporary incapacity for work
Permanent loss of work capacity
Death
How to insure loan payments?
How to sign?
The insurance premium is displayed in the loan offer, and the agreement can be conveniently signed along with the loan agreement.
How to pay?
The insurance premium can be conveniently paid together with the loan payment.
Your loan payments are protected!
You can focus on what matters, knowing that your financial obligations are secured.
Frequently asked questions
Loan payment protection insurance is helpful in the following situations:
• You are unable to work due to a disability caused by an accident or health condition.
• You lose your job.
• You are temporarily out of work due to your own or your child’s illness.
• In the case of the borrower’s death, the insurance compensates the lender for up to 24 months of loan payments.
The provider of Loan payment protection insurance is If P&C Insurance AS. Before signing the contract, please review the Loan payment protection insurance information sheet, and terms and conditions.
If you check the box "I want Loan payment protection insurance", the insurance fee will be added to your loan offer. Documents related to the insurance can be signed along with the loan agreement.
The provider of Loan payment protection insurance is If P&C Insurance AS. Before signing the contract, please review the Loan payment protection insurance information sheet and terms and conditions.
The insurance company will then contact you and provide instructions on the next steps.
For example:
Loan amount: €4,000, contract period: 48 months, number of repayments: 48, fxed annual interest rate: 11.19% on the loan amount. In this example, the monthly loan payment would be €121, and the insurance premium would be €9.68.
The provider of loan payment protection insurance is If P&C Insurance AS. Please familiarize yourself with the terms and conditions In the event of a claim, please call +372 777 1211 or submit your claim at if.ee.
Holm Bank AS
Posti 30, 90504 Haapsalu
Commercial Register code
14080830
Date of activity licence decision
Customer service
+372 675 5055[email protected]
