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Cash loan insurance

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Securing the Insured's family against the necessity to repay their cash loan.

Unforeseen random events that make it impossible to repay monthly loan installments can happen to anyone. Cash loan insurance is an irreplaceable support in such a situation.

Cash loan insurance distributed through Bank Millennium S.A. includes:

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Insured risks

The main risks covered by the cash loan insurance we offer are death and permanent and total inability to work. Additionally, depending on your source of income, this insurance may also cover job loss, temporary disability, and serious illness.

Benefits in the event of an insured event

We undertake to pay the beneficiary 100% of the outstanding debt as at the date of the event, together with interest in the event of death or permanent and total incapacity for work. Once the conditions are met, in the event of job loss, temporary disability or serious illness, we will pay 100% of the monthly loan instalment for 18, 6 and 10 months respectively.

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What are the benefits of cash loan insurance?

As we mentioned earlier, it makes it easier to repay loan installments or the entire remaining amount in the event of unforeseen random events, such as death, serious illness, inability to work or loss of work. Such insurance coverage will guarantee the financial security of the borrower and their family. Thanks to cash loan insurance, the borrower and his family will avoid the negative consequences of non-repayment of financial liabilities. On the other hand, such insurance is a guarantee for the bank that it will receive the money due to it in any circumstances, and therefore reduces the risk associated with the financing from the bank's perspective.