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With a loan taken, you will feel more secure
- In case of illness, injury, or loss of job, you would be paid insurance benefit equal to the credit payment
- In case of full or permanent incapacity for work, the credit balance or a share of the credit established in the agreement would be paid
- In case of illness, injury, or loss of job, you would be paid insurance benefit equal to the credit payment or established amount of it
How to get insured?
If you take mortgage or consumer loan
- Ask a SEB consultant for Loan Protection Insurance offer
- Be protected from the moment you receive a loan
If you already have a mortgage from SEB Bank
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Register for a consultation
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Receive an offer during consultation
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Sign an agreement on Internet bank
Types of the insurance cover
Life insurance
- In the event of the death of the insured person caused by illness or accident, the insurance company covers the credit balance in full or any share of the credit established in the agreement. The family inherits home but not a debt.
Insurance against total or permanent disability
- In case of a serious disability, for example, loss of hearing, eyesight, ability to speak, serious burns, paralysis, coma or loss of limps, the insurance company covers the credit balance in full or any share of the credit established in the agreement.
Insurance against temporary disability
- In case of incapacity for work caused by an accident or illness for over 30 days, over a certain period of time the insurance company pays the insured person monthly insurance benefits that are equal to or make any selected share of your loan instalment paid.
- Maximum period of insurance benefits per one insured event is 12 months.
- Insurance comes into effect 30 days after the day of signing the insurance agreement.
- Benefit is not paid for the first 30 days from the date of the insured event.
Insurance against involuntary unemployment (additional protection for mortgage loan beneficiaries only)
- In case of a job loss, e.g. in case of the employer’s bankruptcy, loss of operation license or upon mutual agreement between the parties at the employer’s proposal, for a certain period of time the insurance company pays the insured person monthly insurance benefits equal to your loan instalment amount paid or make its any selected share.
- Maximum period of insurance benefits per one insured event is 6 months.
- Insurance comes into effect 60 days after the day of signing the insurance agreement.
- Benefit is not paid for the first 30 days from the date of the insured event.
Useful information
Persons aged 18–55 having a loan from SEB Bank and with the permanent residence in the Republic of Lithuania. Maximum term of an insurance agreement is when the insured turns 61-year-old.
If borrowers are two persons, they both can be named as the insured in the insurance agreement (co-debtors of a mortgage loan of SEB Bank).
Insurance premium depends on the loan amount or outstanding loan balance and age of the insured.
In case of an insured event
- Report the event
- Provide event certifying documents
- Receive an insurance benefit
More detailed information about the Loan Protection Insurance
Do you need consultation on the Safe loan insurance?
- Our consultants will help to find the right option for you
- Convenient video consulting
- Possibility to sign an agreement online
Other options of your financial security
Personal insurance
- Funds to recover from injuries or serious illness
- Additional income during the period of incapacity for work
- Financial security, if the family loses the breadwinner
- Opportunity to ensure that your loan obligations are covered and not inherited
Save for your child's future
- Save for your child's education or other important purposes
- Invest money to save more and protect it from depreciation
- Make use of the income tax incentive and have some paid taxes refunded
