Take out job loss insurance. Job loss insurance. Cost of insurance services

Losing a job is always an unpleasant event. Searching for a new one takes a lot of effort and is not always limited by the time frame that we have planned for ourselves. At the same time, our daily expenses remain the same, and our reserves are “melting” every day.

How to maintain your usual standard of living?
How to fulfill loan obligations in a timely manner?
How can you simplify your job search and make it as comfortable as possible?

Answers to these and many other questions became available to mortgage borrowers who signed up for the Green Parachute insurance program over the phone.

Advantages:

Timely financial assistance - payment occurs when it is most needed;

Affordable price with serious guarantees - the low cost of the program combined with a monthly payment allows you to lead a normal lifestyle without limiting yourself;
A simple and fast payment procedure - through the Autopayment service, without the need to visit the Bank/Insurance company office.

Who is the program available for?

Borrowers of a mortgage loan from Sberbank PJSC who received an offer to connect to the program by telephone can become participants in the program.

What risks does the program cover?

Staff reduction
Termination of an employment contract at the initiative of the employer in connection with a reduction in the number or staff of employees of an organization, individual entrepreneur (clause 2 of Article 81 of the Labor Code of the Russian Federation or the corresponding paragraph of another law regulating labor relations of civil servants)
Dismissal by agreement of the parties
Termination of an employment contract by agreement of the parties (Article 78 of the Labor Code of the Russian Federation or the corresponding clause of another law regulating labor relations of civil servants), initiated by the employer
Additional bonus: assistance in finding a job
Professional staff of the recruitment agency will help you:
- Cope with the effects of stress;
- Find the optimal model for searching for a new job;
- Prepare a winning resume;
- Motivate you to pass the interview with excellence.

Cost and payments

Insurance Coverage Options

*Increases by 15%. The insurance payment is set at 1/30 of the insurance amount established on the date of occurrence of the insured event, for each day of continuous unemployed status, starting from the 31st to the 212th day.

** The insurance contract is concluded for a period of 1 year with a possible extension. Payment for the program is in monthly payments.

When will the program start?

The program comes into force 2 months after receiving the first payment under the program, the first payment is possible 1 calendar month after the program comes into force.

Payment terms. Payment is made to the bank account specified in the application for insurance payment.

The maximum number of monthly payments is 6. The insurance payment cannot exceed the average monthly salary of the Insured for the last 12 months and amount to more than 74,000 rubles per month.

Insurance services under the Involuntary Job Loss Program are provided by the Limited Liability Company CARDIF Insurance Company, registered at the address: 127422, Moscow, st. Timiryazevskaya, 1. Licenses SL No. 4104, SI No. 4104 for insurance, issued by the Central Bank of the Russian Federation dated November 6, 2015.

Often, having fallen into a debt trap, bank clients ignore loan payments, simply not depositing them into the bank account. This may also be due to job loss. The reasons why such workers are fired are very diverse - from the whim of the employer to layoffs. As a result, a person loses his only source of financing and faces the destruction of his long-term plans. If you decide to take out a loan, job loss insurance is the best measure to prevent debts and problems with the bank. Let's look at this procedure in more detail.

What is Job Loss Insurance?

This is a kind of service. Its essence is that the insurance company pays money to the bank instead of the borrower who suddenly lost his source of income. Payments are made over 6-12 months, depending on the individual situation and the selected program. It turns out that by using such a service, a person can calmly get involved in his own employment, placing the problem of repaying the debt to the bank on the insurer.

Usually, when issuing a loan, banks themselves offer to arrange insurance. Sometimes, without meeting this condition, issuing a loan is completely impossible. Most often, a financial institution enters into a contractual relationship with a third-party company, which will provide assistance if the borrower experiences force majeure circumstances. This is due to the fact that if the client loses solvency, the bank will still receive a profit, but it will be paid not by the borrower, but by the insurer.

Insurance cases in which you can count on support

Many borrowers, due to an incorrect interpretation of the concept of “insured event,” are faced with a misunderstanding of the money return procedure. Dismissal due to violation of labor discipline standards or personal expression of the employee’s will does not imply payment of insurance. In general, the set of insurance situations is established individually in each organization. But there is a basic list of cases that are insured:

liquidation of the company in which the client worked;
reduction in personnel or workforce;
termination of contractual relations due to a change in the owner of the company;
employee leaving the workplace due to circumstances that do not depend on the will of the parties.

In these cases, job loss insurance will apply. This only means that if you find yourself in a difficult life situation, the partner will help out by depositing money into the bank instead of the client.

Cases when payment is refused

There are situations when the borrower will receive an outright refusal to pay the insurance; here is an approximate list of them:

dismissal due to one’s own will;
violation of labor discipline leading to leaving work;
the employee receives payments from the employment service;
loss of ability to work due to the fault of an employee.

How important is it to take out insurance?

Insurance services can be issued for any type of lending. Moreover, some banks will generally refuse to issue a loan if an agreement with the insurer is not finalized. The question is whether the client himself needs to enter into such an agreement; perhaps there is another way out of the situation. Let's consider the need to conclude this agreement for various types of lending.

Consumer loan. Since it is issued for a short period, the borrower’s financial situation is unlikely to change. Therefore, banks do not always act honestly when issuing a consumer loan and requiring compulsory insurance against job loss.
Car loan. This loan is issued on average for 3-5 years, that is, for a period for which financial income can be predicted more or less clearly and transparently. Therefore, taking out job loss insurance is a purely voluntary matter.
Credit card. If you use a credit card and pay off debts within the grace period, that is, almost immediately after spending, using this type of insurance is not advisable.
Mortgage. This loan is issued for a minimum of 10 years, so in order to avoid unforeseen circumstances, you should enter into several insurance contracts, including insurance in case of job loss.

It is irrational to enter into such an agreement if you have good friends who will lend money or vouch for you, or if you have a reserve amount “for a rainy day”, which will be used to pay off debts if you lose your job. If you nevertheless decide on this type of insurance, the most accessible option for concluding an agreement is to directly contact an employee of the bank where you are applying for a loan and express your desire to conclude this agreement. Although, you can bypass the bank by starting an independent search for good insurance companies. This will be less noticeable in terms of money, but more noticeable in terms of time and labor.

What are the advantages of an insurance contract?

Of course, the conclusion of this agreement is useful. Indeed, in the modern world, when crises come wave after wave, the reduction or liquidation of enterprises is not something out of the ordinary. Therefore, you cannot be sure of the stability of your own financial situation. In this regard, concluding an insurance contract has a certain number of advantages:

loan payments are made using the insurer's funds;
there are no risks of damage to your credit history due to delays;
you get the opportunity to assign responsibility for the loan to a third party while you search for a new job;
if you lose your main job, your relatives and guarantors will not be responsible for returning the money to the bank;
Drawing up a job loss assistance agreement is a quick and inexpensive process.

But it is important to find a good insurance company, which, in the event of an insured event, will not shirk its responsibilities, but, on the contrary, will meet halfway and provide assistance.

Features of concluding an insurance agreement

You can enter into such an agreement during the process of applying for a loan in order to protect yourself and the banking organization from colossal financial costs. Unfortunately, in our country, self-insurance has not yet gained widespread popularity, however, if you have concerns about the near liquidation of the enterprise or layoffs, you can buy a policy under which you will receive support in the event of dismissal.

To create a relationship with an insurer, you must meet a minimum set of requirements:

Citizenship of the Russian Federation.
The age range is 18-60 years and 18-55 years for men and women respectively. Some organizations require that the borrower's minimum age be 21 years.
The length of service worked at the last workplace is at least 3 months.
Total work experience – from 1 year.
An important role is played by the fact of concluding an open-ended labor contract between the parties.

This is just a template set of conditions that must be met, but some financial institutions have additional requirements that are prescribed and negotiated on an individual basis.

Cost of insurance services

The price of insurance services depends on the company with which you plan to enter into an agreement. In some cases, the cost indicator will be calculated as a percentage, and sometimes it is a fixed value. To choose the best option, you need to familiarize yourself with all the offers in detail and make your choice. Typically, the price of insurance ranges from 0.8 to 5% of the loan amount. If we are talking about a fixed amount, it is equal to 200 rubles. per month Sometimes the bank requires you to take out insurance and pay for it in a one-time payment, which averages 5-10 thousand rubles.

Unfortunately, in our country the cost of obtaining lending services is quite high. This is due to the special mentality of local citizens. The lion's share of our compatriots will never in their lives agree to pay their hard-earned money unless there are visible reasons for it. Therefore, citizens of the Russian Federation turn to insurance companies only in extreme cases, when the most terrible prospect is about to come.

Procedures for receiving payment in case of an insured event

In order for your dismissal to be accompanied by prompt compensation for the loan amount, you need to register with the Central Insurance Fund and contact the insurance office, taking with you a certain package of documents:

copy and original passport;
original and photocopied form of the work book;
employment contract between the parties;
credit agreement with a banking organization;
certificate from a financial institution about debt;
a document from the employment center indicating that you are registered;
a certificate taken from your previous place of work, characterizing your average monthly salary.

Redundancy insurance is the best way to prevent risks for people who decide to take out a loan. Therefore, you will not have to worry much about penalties, penalties and increasing debt in a situation if you suddenly lose your job. The set of requirements for a person concluding an insurance contract is small, so you can conclude an agreement and feel psychologically comfortable.

Organizations offering favorable insurance conditions

Many borrowers who have decided to take out insurance are concerned about the question of where to get insurance in order to get favorable conditions and save on fees. Let's consider the most profitable offers from insurers in this area.

Program at Sberbank

This financial institution offers a special “Green Parachute” program. Losing a job is not always a good thing. Therefore, interaction with this bank guarantees you reliable insurance, which has several advantages:

making payments when they are needed most;
affordable cost of paying for insurance services in exchange for serious guarantees;
simple and fast payment process.

Cost and benefits under the program

Absolutely every person who decides to become a loan client at Sberbank PJSC can participate in this program. This opportunity covers the loan in the event of the following circumstances: layoffs, layoffs; moreover, within the program you can receive an additional bonus in the form of assistance in finding a job.

"VTB 24"

The amount of insurance that you can count on when concluding an agreement with VTB-24 is about 3.8% of the loan amount. Insurance premiums are paid every month. For each individual case and for each client, calculations occur on an individual basis. Every client who is going to take out or has already taken out a loan from this bank can use the program.

"Renaissance Insurance"

This bank facilitates obtaining a job loss insurance loan; it is important to comply with a few simple conditions. The borrower pays for the services in the form of a commission, and the insurance amount is 1% per month, or more precisely, from 1% based on the size of the loan taken. If desired and necessary, it is possible to increase the loan value.

"Rosgosstrakh"

The company has been operating in the insurance market for quite a long time, and today its services are becoming increasingly popular. Rosgosstrakh offers insurance, the cost of which depends on the length of service and place of work of the borrower. You can count on receiving compensation if you lose your job due to the liquidation of a company, official layoffs, or disability.

Thus, a policy in connection with probable dismissal is a useful and necessary service that will allow you to share the unbearable burden of a loan with a third-party company in the event of temporary disability. But it is important to wisely choose an insurance company on which your well-being and credit history depend.

This is a type of service that provides that in a situation where a client loses his job, the insurance organization:

Assumes the obligation to make monthly loan payments to the insured for a specified period of time or until the loss of employment.
In a situation where there are no credit obligations, the policyholder receives either a one-time payment or monthly payments during the period specified in the contract.

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Basically, the period during which insurers pay insurance amounts is no more than 12 months. Since it is believed that this period is enough to find a new job.

Advantages and Disadvantages of Job Loss Insurance

On the one hand, this type of insurance provides some financial protection. But on the other hand, these are additional costs along with payments on credit debt.

The essence of the benefits of purchasing an insurance policy in case of job loss is as follows:

The insurance company pays the loan debt.
There are no penalties, penalties or increasing loan debts.
A positive credit history is maintained.
Relatives and guarantors do not have to pay the loan debt of the person who has lost their job.

The disadvantages of this type of insurance are as follows:

These are high rates for this type of insurance.
To receive insurance payments, you need to provide an impressive package of documents.

Necessary documents for registration

When drawing up an insurance contract against involuntary loss of employment, the insurer requests the following package of documents from those wishing to insure themselves:

Application for registration of an insurance contract.
Russian citizen passport.
A photocopy of the work book.
Loan agreement and loan repayment plan.
Certificate of income of an individual in form 2-NDFL for three or six months preceding the date of application.

An insurance or banking organization may require other additional documents that will make it possible to analyze the possible risks of an insured event.

Insurance rules

They are spelled out in detail in the contract concluded by the insurance entities.

Each banking or insurance organization develops its own regulations, but there are general rules:

The contract is considered to come into force only after the client makes the initial payment of the insurance premium.
Failure of the insured person to pay the next installment gives the insurer the right to terminate the contract early.
If the policyholder wants to terminate the contractual relationship ahead of schedule, the amount of insurance premiums paid by him is not refunded.
Upon dismissal (downsizing), if the client does not inform the bank about this at the time specified in the contract, then he may be refused compensation.
For a certain period of time, someone who has lost their job must register with the Employment Service, and:
- Take part in seminars and round tables organized by the Service.
- Participate in professional training, retraining and advanced training in the field of the exchange.
- Every month, provide the bank with a certificate from the Service regarding registration as unemployed.
If, after concluding a contract, the insurer learns that the client has provided deliberately false data, then the company has the right to demand that the contract be invalidated.
After the insurer has received notice of dismissal or reduction from the client, he is obliged to:
- Find out the reason why the person became unemployed.
- Draw up an insurance act and calculate losses.
- Calculate the amount of compensation after the client provides the list of documents specified in the contract.
- Pay the required amounts or refuse if there are grounds for this.

The bank's refusal to make insurance payments can be appealed in court.

Insurance cases

Not every situation that involves job loss will be covered by insurance.

PThe reasons why an employee lost his job and an insured event occurred are:

Dismissal due to liquidation of the enterprise.
Reduction of staff.
Termination of labor relations when the owners of the enterprise change.
Termination of an employment contract for reasons independent of the will of both parties:
- Conscription for military service.
- Return of an employee who previously held this position.
- State of incapacity.

Payment of compensation will be refused if the loss of a job occurred due to:

Dismissal of an employee on his own initiative.
Severance of labor relations due to violations of discipline.
Dismissals by mutual agreement of the parties.
Disability acquired by an employee through his fault due to his failure to comply with safety measures, as well as while under the influence of alcohol or drugs.

Banking and insurance organizations can significantly supplement this list.

How to receive payment

When an insured event occurs, you must immediately come to the bank within the time period specified in the contract with a package of documents:

Application for payment of insurance compensation.
Russian citizen passport.
The original and a photocopy of the work book with a record of dismissal.
A copy of the terminated employment contract.
A copy of the dismissal order.
A copy of the agreement with the monthly loan repayment schedule.
A certificate from a banking organization stating that there is a debt.
A certificate from the Employment Service confirming registration.
Certificate of income from work in form 2-NDFL.

All photocopies of documents must be properly certified.

Tariffs from different insurance companies

Today, many banks, as well as insurance companies, have job loss insurance in their list of services. At the same time, the size of insurance premiums differs significantly among different organizations.

At Renaissance Bank, the insurance premium is about 1% of the loan amount per month. The rate fluctuates depending on the terms of the contract.
The insurance amount at VTB 24 is 3.8% of the loan amount, the premium is paid monthly. The amount of the premium is determined for each individual client individually.
At Ingosstrakh Bank, the cost of insurance varies around 1% of the insured amount.
The amount of the policy contribution at Sberbank is set individually for each client.

Any bank or insurance organization in each specific case of insurance against job loss, taking into account various risks, sets a personal amount of the insurance premium.

Restrictions

There are a number of restrictions for taking out a job loss insurance policy:

Age. Insurance companies are ready to insure against involuntary job loss only for citizens of working age. Each company sets its own age limits, mainly from 18 to 60 years at the time of signing and expiration of the contract.
By type of activity. This type of insurance is not available:
- For entrepreneurs.
- Freelancers.
- Self-employed workers.
- Part-time workers.
- Those who work in place of an employee who has gone on maternity leave.
- Workers of other risky professions.
According to work experience. They will not be insured if your last place of work was less than 3, 6 or 12 months. All insurers have their own requirements.
Temporary benefit. The bottom line is that after contractual obligations are signed, they come into force only after one or three months. This is how companies try to protect themselves from situations where an employee, having learned about a layoff, runs to insure himself.

Each insurance company may have its own additional restrictions.

Risk insurance against job loss due to a mortgage

Since the mortgage loan is designed for several years, it is difficult to be confident in maintaining your current job in such a distant future. And the banks themselves strongly recommend purchasing several insurances for such a loan, including against job loss, while reducing loan rates.

Do you need to insure yourself in case of loss of solvency?

The answer to this question is more likely Yes than No. And that's why:

Recently, the economic and financial situation in the country leaves much to be desired.
A person, left without income, first of all spends his savings on the essentials for life, and not on paying off debt.
Not many people have rich relatives and friends who are willing to happily lend money to an unemployed person.

If you lose a source of income and have a mortgage loan, a person will certainly get stuck in exorbitant debt. To prevent this from happening, banks began to offer a new job loss insurance service, which is of interest to both parties.

Today I want to look at a relatively new and relevant insurance product - job loss insurance. Similar services have been operating for several years in a number of insurance companies in Russia and Ukraine, and possibly in other countries, however, I will say right away: at the present time, many insurers are curtailing them or greatly raising insurance rates due to increased risks for themselves.

As you know, a large-scale financial crisis is now expected, in some places it has already arrived, and in others it will worsen even more, so now it is a fairly common occurrence. So, let's look at what it is job loss insurance, who might be interested in it, what are its benefits and disadvantages.

As the name already implies, job loss insurance involves some kind of insurance protection in case of unemployment - loss of official employment at the initiative of the employer. That is, the insured event here is dismissal, but only under certain clauses:

– To reduce staff;

– Due to the liquidation of the organization.

Dismissal at one's own request, by agreement of the parties, for family reasons, due to relocation, etc. will not be considered an insured event; in this situation, compensation will not be paid.

Loan insurance against job loss.

Job loss insurance is usually available exclusively to borrowers, that is, people who have existing loans or are just about to take one. It is logical that such services are offered, first of all, by insurance companies affiliated with banks (being their subsidiaries or strategic partners), and often even by the banks themselves.

Job loss insurance is a voluntary type of insurance. Even those cases when this product most often do not concern us - we are usually talking about life insurance, that is, the insured events are death and loss of ability to work in case of disability, but not loss of work. Thus, a person, already having one or more insurances, which is not always necessary for him, can additionally, voluntarily insure himself against job loss. Moreover, you can take out insurance against job loss from any insurance company (not just those accredited by a bank), and, as a rule, it is not necessary to notify your lender.

The essence of loan insurance against job loss is that if a borrower from a bank or other credit organization loses official employment against his will, the insurance company will repay his loan until he gets a new job, or for a certain period specified in the insurance contract (for example, 6 months or a year).

If an insured event occurs, the borrower will need to present the original work book to the insurance company with a note of dismissal under the relevant article, and the work book will need to be presented monthly until the contract is in force, the loan is repaid, or the person gets a new job work (in this case, insurance payments will stop). In addition, a condition for receiving insurance payments is usually mandatory registration with the state employment service. While the terms of the contract are in force, the insurance company will make payments on the loan according to the established payment schedule.

General insurance against job loss.

Another option for insurance in case of job loss are insurance programs designed for any employed people who do not necessarily have loans. The essence of such insurance is that in the event of loss of work against his own will, the insured person receives either a one-time cash payment or monthly payments (usually for 6 months, or until new employment).

The insured amount in this case can be either fixed or somehow related to the amount of wages. For example, with a one-time payment, the policyholder can receive 3 average monthly salaries, and with a monthly payment, 1 salary per month (as he received while working). Fixed insurance amounts are also usually similar to average salaries.

Banks often offer such insurance programs against job loss to their holders.

Documents for obtaining insurance against job loss.

To obtain a job loss insurance policy, you must provide:

- passport;

– a copy of the work book;

– loan agreement and loan repayment schedule (if we are talking about insurance of borrowers);

– salary certificate for the last 6 months (if it is necessary to calculate the insured amount).

Job loss insurance rates.

Job loss insurance is paid in two ways:

– A one-time payment, for example, for the year that the insurance will be valid;

– Monthly payments, insurance is valid as long as payments are paid.

Rates for insurance against job loss usually amounted to 1-2% of the insured amount, which is determined, respectively, by either the amount of the insured loan debt or the insurance payment upon dismissal. Recently, these tariffs have been increasing.

Limitations on job loss insurance.

There are several restrictions for policyholders under such a program:

1. Age restrictions. Job loss insurance is available to citizens of working age; different insurance companies have different age limits, usually about 20-60 years (at the time of conclusion and expiration of the contract).

2. Restrictions on the nature of work. Job loss insurance is not available to entrepreneurs, freelancers, self-employed workers, part-time workers, workers holding maternity leave positions, and workers in certain professions. Each insurance company has its own list of such restrictions.

3. Restrictions on work experience. You cannot take out a job loss insurance policy if the duration of your last job is less than a certain period (for example, 6 or 12 months, each insurer has its own rules).

4. Temporary franchise. A very important point, please pay attention! When insuring against job loss, the so-called temporary franchise. This means that the agreement does not come into force immediately after signing, but after some time, for example, after a month or 3 months. In this way, insurers protect themselves from a situation where an employee found out that he was a worker and immediately ran to insure himself.

In conclusion, a few predictions. For example, the Ministry of Labor and Social Protection of the Russian Federation officially predicts an increase in the number of unemployed by 650 thousand people in 2015, to a total unemployment rate of 8% of the working population (this is the official forecast, the real situation, as you know, usually looks much worse). That is, the risks of being fired are now significantly increasing, so insurance in case of job loss has become especially relevant; insurers are noting a high increase in demand for such products.

On the other hand, the risks also increase for insurers; they, of course, do not want to work at a loss, so they are definitely already raising and will probably continue to raise rates for insurance against job loss. Therefore, whether you are interested in this product at the price they are asking for it - decide for yourself, based on your specific situation. I hope that the information you received from reading this article will help you with this.

In general, of course, we can say that voluntary insurance against job loss can serve as a certain financial protection in combination with compulsory state insurance in case of unemployment, but you need to analyze the feasibility of concluding such insurance, tariffs and conditions in order to insure yourself in a way that is beneficial to you , not the insurance company.

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Who can get insurance?

A permanently employed client of the Bank aged from 18 full years at the start date of the insurance period and until the Insured reaches retirement age (for men - 60 years, for women - 55 years inclusive) at the date of expiration of the insurance period for this risk;
On the date of conclusion of the Agreement, an employment contract concluded between the Insured and the employer must be in force, providing for full employment (40 hours per week) and the Insured receiving remuneration for labor in the form of a monthly salary. Temporary disability due to pregnancy and childbirth, parental leave and probationary period are also an obstacle to concluding an Agreement, unless otherwise specified in the terms of the Agreement.
The total work experience of the Insured must exceed 12 months (in particular, at the last place of work of the Insured, at least 3 months).
On the start date of the insurance period for this risk, the Insured must not have received notice of dismissal from the employer;
On the date of conclusion of the Agreement and during the validity period of the Agreement, the Insured must not be an individual entrepreneur, a shareholder (participant) of the Insured's employer, a close relative of the employer (spouse, parents, children, adoptive parents, adopted children, siblings, grandparents , grandchildren), temporary seasonal workers serving in an industry that involves a seasonal nature of work;

What types of job loss does the program cover?

Death of the employer - individual entrepreneur, as well as recognition by the court of the employer - individual entrepreneur as deceased or missing.
The occurrence of emergency circumstances that prevent the continuation of labor relations (military operations, catastrophe, natural disaster, major accident, epidemic, etc.), if this circumstance is recognized as an emergency by a decision of the Government of the Russian Federation or a government body of the relevant subject of the Russian Federation.
Refusal of the Insured to continue the employment relationship in connection with a change in the owner of the organization’s property, with a change in the jurisdiction (subordination) of the organization or its reorganization, with a change in the type of state or municipal institution.
Refusal of the Insured to transfer to another job in accordance with a medical certificate issued in the manner established by the federal laws of the Russian Federation, or the employer does not have the corresponding job.
Refusal of the Insured to be transferred to another location together with the employer.
The employer's initiative in the event of liquidation of an organization or termination of activities by an individual entrepreneur; employer initiatives in connection with staff reduction in an organization or individual entrepreneur.
The employer's initiative in the event of a change in the owner of the organization's property (in relation to the head of the organization, his deputies and the chief accountant).
The employer's initiative in connection with the termination of access to state secrets if the work performed requires access.

What is the monthly payment amount?

The insurance payment is made in the form of monthly payments for each full month that the Insured is in unemployed status.
The amount of the monthly insurance payment is equal to one fifth of the insured amount under the Insurance Contract, but not more than the average monthly salary of the Insured for the last 6 (six) months of work experience preceding the insurance event. The total amount of payments for one insured event cannot exceed the amount of the insured amount established in the Insurance Agreement.
The contract provides for a period of 60 (sixty) calendar days from the date of the occurrence of the insured event, during which no insurance payment is made. If an insured event occurs again under the risk “Survival to Lose a Job” during the insurance period, there is no deferred period.

What are the conditions for receiving payment?

More than 90 days passed from the moment the policy was purchased to the loss of work.
The cause of job loss coincides with one of the conditions listed in the “Insurance Risks” section.
The insured person contacted the employment service to register for unemployment within two weeks after dismissal. The Insured provided the Insurer with the necessary documents within 90 days from the date of termination of the employment contract.