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Life insurance

LOAN WITH LIFE INSURANCE

PROTECT YOUR FAMILY'S FUTURE

TEB Bank in cooperation with insurance company Sigal Life Uniqa Group Austria ensures that your banking obligations are protected through credit life insurance. This product provides financial protection for borrowers and their families in the event of unforeseen circumstances.

What does the borrower's life insurance serve?

The borrower's life insurance is a product designed to provide financial support for the borrower's family in case of death or disability. This insurance ensures that the remaining loan balance is covered by the insurance company.

What is covered by this product?

- Natural Death
- Accidental Death
- Disability from Accident

Client Benefits

Payment of the remaining loan debt by the insurance company. Co-borrowers, guarantors and mortgage are released from obligations. The insurance premium is included in the loan installment.

Credit products that are covered:

Consumer Loan
Business Loan
Mortgage Loan

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3 life insurance packages

TEB Bank together with SIGAL Life UNIQA offer 3 different life insurance packages:

SILVER

Coverage:
1. Accidental death
2. Accidental disability

Benefit: Repayment of the remaining loan debt

GOLD

Coverage:
1. Natural death
2. Accidental death
3. Disability due to an accident

Benefit: Repayment of the remaining loan debt

GOLD +

Coverage:
1. Natural death
2. Accidental death
3. Disability due to an accident

Benefit: Repayment of the loan, and the remaining part belongs to the borrower or their heirs.

BENEFIT SCHEME IN CASE OF ACCIDENTAL DEATH OR ACCIDENTAL DISABILITY

SILVER PACKAGE	LOAN AMOUNT	REPAYMENT OF REMAINING LOAN DEBT BY SIGAL LIFE UNIQA
*Initial loan amount	€10,000	€10,000
**Remaining loan balance	€8,000	€8,000
**Remaining loan balance	€6,000	€6,000
**Remaining loan balance	€4,000	€4,000
**Remaining loan balance	€2,000	€2,000
***Last loan installment	€200	€200

BENEFIT SCHEME IN CASE OF LOSS OF LIFE FROM NATURAL OR ACCIDENTAL CAUSES AND ACCIDENTAL DISABILITY

GOLD PACKAGE	LOAN AMOUNT	REPAYMENT OF REMAINING LOAN DEBT BY SIGAL LIFE UNIQA
*Initial loan amount	€10,000	€10,000
**Remaining loan balance	€8,000	€8,000
**Remaining loan balance	€6,000	€6,000
**Remaining loan balance	€4,000	€4,000
**Remaining loan balance	€2,000	€2,000
***Last loan installment	€200	€200

BENEFIT SCHEME IN CASE OF LOSS OF LIFE FROM NATURAL OR ACCIDENTAL CAUSES AND ACCIDENTAL DISABILITY

GOLD + PACKAGE	LOAN AMOUNT	CLIENT/FAMILY BENEFITS FOR THE REPAID PART OF THE LOAN	REPAYMENT OF REMAINING LOAN DEBT BY SIGAL LIFE UNIQA
*Initial loan amount	€10,000	–	€10,000
**Remaining loan balance	€8,000	€2,000	€8,000
**Remaining loan balance	€6,000	€4,000	€6,000
**Remaining loan balance	€4,000	€6,000	€4,000
**Remaining loan balance	€2,000	€8,000	€2,000
***Last loan installment	€200	€9,800	€200

*Initial loan amount – the total amount of the loan disbursement

**Remaining loan amount – the remaining loan amount at the time of the event

***Last loan installment – the benefits if the event occurs at the last loan installment

****Client/Family benefits – the amount the client/family will receive if the event occurs

*****Repayment of the bank obligation by SIGAL LIFE UNIQA – the remaining obligation the insurance company will pay to the bank if the event occurs

******All TEB Bank borrowers are covered 24/7 worldwide

Life insurance | TEB