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Personal Accident Insurance of Credit Holders

Personal Accident Insurance of Credit Holders

Subject matter
The insurance is designed for natural persons who have taken out a bank loan.

Risks covered
Death of the Policyholder resulting from an accident.
In case of death of the Policyholder as a result of an insured accident during the period of the insurance policy, the insured sum shall be distributed among the beneficiaries as follows:
1. the remainder of the loan is repaid to the lending bank
2. the remainder is paid to the other beneficiaries

The insured sum equals the amount of the loan.

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