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Loan protection insurance

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Sense of security in unforeseen circumstances

Insurer is SEB Life and Pension Baltic SE Estonian Branch. Insurance cover for the loss of employment is offered by the Estonian branch of AB “Lietuvos draudimas”.

See the amount of the monthly payment of the Loan protection insurance for your home loan.

  • Covers your monthly loan payments in case of an illness, accident, or job loss
  • Covers the loan balance in case of a severe diagnosis
  • Protects your family and home in case the borrower dies

Insurer is SEB Life and Pension Baltic SE Estonian Branch. Insurance cover for the loss of employment is offered by the Estonian branch of AB “Lietuvos draudimas”.

See the amount of the monthly payment of the Loan protection insurance for your home loan.

How to conclude the Loan protection insurance?

When applying for a new loan

 

  • Get an offer from the SEB representative when applying for a loan
  • The insurance payment is automatically calculated on the same day with the loan payment 
     

See options

When you already have a home loan in SEB

 

  • Register for a consultation
  • Get the personal offer
  • Sign an agreement in the Internet Bank

Sign up for a consultation

Loan protection insurance includes
various covers

Life insurance cover

  • In case the insured person dies as a result of an accident or illness, the insurer repays the loan or the agreed part of it to the bank. Instead of a loan obligation, your family will inherit their home.

Read the terms and conditions

Severe health impairment cover

  • The insurer repays the loan or a part of it to the bank in the event of a serious diagnosis, such as the loss of vision, loss of hearing, loss of speech, severe burns, paralysis, coma, or loss of limbs.

Read the terms and conditions

Temporary disability cover

  • This cover enables fulfilling loan obligations in the event of a sick leave for more than 30 days as a result of an accident or illness; in this case, the insurer continues loan payments according to policy conditions. 
  • The maximum period of indemnity per one case is 12 months.
  • Waiting is 30 day period starting from the insurance cover start date. Waiting period is not applicable if insured event is caused by an accident.
  • The indemnity is not paid for the first 30 days after the insured event.
     

Read the terms and conditions

Unemployment cover

  • This cover provides a sense of financial security during a period of unemployment caused by reasons beyond the insured person’s control, such as redundancy or the employer’s insolvency, and guarantees the performance of loan obligations.
  • In this case, the insurer continues loan payments according to policy conditions. 
  • The maximum period of indemnity per one case is 12 months.
  • Waiting is 60 day period starting from the insurance cover start date. 
  • The indemnity is not paid for the first 30 days after the insured event.

Read the terms and conditions

Good to know

This agreement can be concluded by persons aged 18–55 who have a loan in SEB Bank and insurance is valid until the maximum age of 61 of the policyholder.

You can insure both home loan borrowers. This is the best solution in case of a joint home loan. Only main applicant can conclude consumer loan agreement with loan protection insurance.

The sum of the insurance premium depends on selected insurance coverage and insurance rate, loan balance, loan payment amount, and the age of the insured person.

Insurance premium is paid on the same day with the loan repayment every month until the end of the loan period.

  • Fill in a claim application
  • Submit the required documents
  • Get the benefit

Need advice on Loan protection insurance?

  • Our advisors help find a suitable solution
  • We have a dedicated professionals you can trust
  • Convenient video consultations
  • An agreement can be concluded remotely

Sign up for a consultation

 

More ways to protect yourself

Term Life insurance

  • Compensates for lost income during the period of incapacity for work
  • Financial security in case family loses their breadwinner
  • Ensures that your loan obligations are covered and not inherited

Save for your child’s future

  • Capital for your child’s university education or any other important purpose
  • Investment risks can be diversified through funds that invest in different asset classes
  • Contributions and withdraws can be made in any amount at any time
  • Possibility to choose accident insurance covers for your child