Credit Life Insurance

1. Type of insurance: Life and disability insurance for the borrower under credit agreements provided by the bank, covering the risks of death and loss of ability to work.

2. Insured person: The individual borrower under the credit agreement, insured against the risks of death and loss of ability to work.

3. Beneficiary: The person who will receive the insurance payout according to the insurance contract (bank, credit institution).

4. Insurance premium: The insurance premium for this product is determined based on the credit amount, term, and the age of the insured person. Additional information can be obtained from insurance companies.

5. Insurance period: The insurance period is equal to the duration of the credit agreement.

6. Purpose of insurance: If the insured person dies or loses their ability to work during the term of the credit agreement, the remaining debt amount will be covered by the insurance.

Note: The insurance is provided in collaboration with our partner insurance companies: Meqa Sığorta ASC and Xalq Sığorta ASC.