With the security package included with CREDIT-now Casa free of charge, you already benefit from comprehensive security. You can also take out cover against unemployment and incapacity to work.
This is a group insurance policy taken out by BANK-now Ltd., as
policyholder, with Helvetia Versicherungen, as insurer.
Insurance benefit in the event of unemployment
- Payment of monthly installments (up to max. 12 installments per unemployment event and max. CHF 2,000 per installment); up to max. 24 installments over the entire term of the contract
- Duration of insurance: unlimited with a notice period of three months to the end of the month.
Insurance benefits in the event of incapacity to work
- In the event of temporary incapacity to work: payment of monthly installments (up to max. 12 installments per claim and max. CHF 2,000 per installment); up to max. 24 installments over the entire term of the contract
- In the event of permanent incapacity to work due to disability: payment of residual debt up to max. CHF 100,000.
- Duration of insurance: unlimited with a notice period of three months to the end of the month.
Conditions
- Minimum age of 20 years old at conclusion of contract, maximum age of 65 years old at contract expiration.
- No knowledge of an existing illness and not suffering from the consequences of an accident.
- No absence from work of more than 20 days due to illness/accident and no hospital stay of more than 10 days in the past 12 months.
- No knowledge of imminent dismissal and no imminent early retirement.
- Permanent and uninterrupted employment relationship for at least six months with at least 25 hours per week.
- Main residence in Switzerland.
Calculation example for CREDIT-now Casa
Loan amount of CHF 10,000 at 5.9% effective annual interest rate with a term of 36 months.
Without credit protection insurance per month *
CHF 303.05
With credit protection insurance per month **
319.15
Overall interest costs:
* CHF 909.80
/ ** CHF 958.05