Obtaining a mortgage is always subject to the presentation of certain insurance. It involves transferring the risk of non-payment of the due dates due to the bank to an insurer.
The insurance protects the bank first (who is the beneficiary of the contract), but it is also a determining factor for your protection and that of your family. It gives you the option to keep your property in case of sudden loss of income as a result of disability or disability. It also avoids sending the debt to your heirs in case of death.
Some of these guarantees are imposed to obtain a mortgage, but you can improve their benefits: take out an individual insurance called 'Provident Credit' which allows to designate another beneficiary than the bank.
It is a group insurance contract between an insurance company and a bank, on behalf of its borrowing clients.
Pricing is generally simple: the price is the same regardless of your age.
Disadvantage: The price, being the same whatever your age, it is disadvantageous for young people. In addition, Group pricing is always more expensive than delegated insurance, practiced by our services. Only the lender will be the beneficiary of the benefits paid.
You can purchase individual insurance from our partners.
Unlike group insurance, pricing can be twofold, depending on your age at the time of joining. It will be delegated to the lender to guarantee the loan and replace the group insurance offered by it. It is also a way to ensure beyond the cover of the Group's insurance: age criteria, business risks, aggravated risks.
The types of insurance associated with your loan
- Temporary incapacity for work (ITT)