Payment Protection Insurance on Corporate Loans
Security for your company's finances and future.Security for your company's finances and future
We will pay the insured loan in the event of serious illness, permanent handicap caused by an accident and death.
You can insure new or existing loans
You can insure the entrepreneur and key employees.
You can insure the entrepreneur and key employees
The work input of the entrepreneur and key employees is a crucial factor in the success of your company. The loss of this work input can have a major impact on the operations and financial situation of your company, and on your own finances as an entrepreneur if you have lodged your own property as collateral for loans.
With Payment Protection Insurance, you can insure a total of four healthy persons aged 18–59. Each insured person after the first will entitle you to a 10 per cent discount on the premium. The insurance premium is lower for non-smokers and decreases with the repayment of loan capital.
You can insure new or existing loans for a maximum of seven years. In other words, the maximum insured sum is EUR 200,000 and the maximum insurance period seven years.
How does the policy work?
| What does the insurance cover? | How does the policy work? |
| 11 serious illnesses | Lump-sum compensation is paid to the beneficiary, either a company or the insured, indicated in the insurance application. The company can use the compensation to pay off the insured person's entire loan principal, and the entrepreneur can fully focus on recovery without financial worries. |
| Accidental permanent disability | Lump-sum compensation is paid to the beneficiary, either a company or the insured, indicated in the insurance application. The company/entrepreneur can use the compensation for the repayment of their corporate loan to gain more time and flexibility for continuing their business. |
| Death | Lump-sum compensation is automatically paid to the credit provider, that is, the bank (pledge). This ensures the remaining insured loan is paid off and the company can move forward debt-free. |
With regard to taxation, Payment Protection Insurance is the most profitable solution for your company since you can nearly always deduct your insurance premiums.