SEB Loan Protection insurance is meant to guarantee the payment of loan obligations in a situation where as a result of an insured event the borrower would face difficulties with repayment of their loan or the loan payments of a certain period.
SEB Loan Protection insurance can be used for SEB’s home loan, mortgage and small loan. It is meant to protect incomes and the performance of loan obligations, if the borrower’s income has decreased or ended as a result of an insured event (severe health impairment, loss of capacity to work or employment, or death). This way, it is possible to make sure that the loan or a part of it is paid back to the bank.
Based on your needs, it is possible to select different types of insurance cover for your home loan or mortgage period:
Loan protection coverage for small loans includes all four types of insurance cover.
The insurance period of life insurance coverage shall commence upon concluding the insurance contract and shall last until the end of the loan period. The insurance period of impaired risk life insurance coverage, insurance coverage in the event of incapacity for work and loss of employment shall be one year, and it shall be extended automatically, unless the bank is informed of a wish to terminate the insurance contract.
Insurance premiums shall be paid together with loan repayments every month until the end of the loan period.
The sum of the insurance premium depends on the actual loan repayment amount and/or loan balance and the age of the insured.
Loan protection coverage can be concluded by persons aged 18–55 who are permanent residents of Estonia, and until the maximum age of 61 of the policyholder.
Depending on the cover options chosen within SEB Loan protection and the conditions of these covers, an insured event may be the policyholder’s
Please inform SEB Elu- ja Pensionikindlus of an insured event at the first opportunity by calling 665 8020 or e-mailing or contacting your nearest SEB branch.
In the event of death of the policyholder we ask close relatives to submit:
In the event of severe disability of the policyholder we ask to submit:
In the event of temporary disability of the policyholder we ask to submit:
In the event of unemployment of the policyholder we ask to submit:
− certificate of registration of the person as unemployed;
− resolution of appointing unemployment insurance benefit;
− personal plan for search of work after every 30 days, as long as the person is registered at the Estonian Unemployment Insurance Fund as unemployed.
Please bring the filled application together with necessary documents to your closest SEB branch or send by post to Tornimäe 2, 15010 Tallinn.
If you have any questions, do not hesitate to contact us by calling 665 8020 or e-mailing .
Please read the terms and conditions of SEB loan protection insurance before you sign the insurance contract.
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