General info
Choose the Income Protection Plan whenever you contract a bank credit! Protect your loved ones and your investment!
In partnership with BCR, we offer our customers life insurances that may be purchased when they contract any credit. The life insurance protects the purchasing you made through the bank loan and puts you and your loved ones under protection.
Important: All BCR clients benefit from preferential rates for the life insurances purchased to protect their credit.
The risk of not being able to pay back a credit generally appears due to the decrease or temporary or final loss of the incomes. The life insurance protects you in situations that you cannot control, but which make you very vulnerable: unemployment, temporary capacity of work, invalidity or death.
The income protection plan for credit beneficiaries guarantees you:
The taking over of the credit installments by BCR Asigurari de Viata VIG if you become unemployed. The payment of credit installments is made for the period of maximum nine months per event and maximum 24 months on the entire credit duration;
The taking over of the payment of credit installments by the insurance company in case of temporary incapacity of work, for a period between 6 and 9 months per event and maximum 24 months on the entire duration of the credit;
The full payment of the credit balance, of interests and of the related fees by BCR Asigurari de Viata VIG in case of permanent total invalidity acquired on the duration of the credit;
The full payment of the credit (plus related interest and fees) in case of death.
FAQ
What is an income protection plan for credit beneficiaries?
It is an insurance that financially protects you during the bank loan you have contracted with BCR.
The income protection plan for credit beneficiaries is optionally attached to BCR loans:
- newly granted
- under development
Is this insurance suitable for me?
Yes, if:
- you have contracted a bank loan;
- you wish to protect your purchase made by means of the loan and be able to pay the loan installments always and in due time;
- you do not wish that the unpredictable events that may occur at any time affect your capacity to work or the budget and implicitly the capacity to reimburse the bank loan.
Why is this insurance attractive?