Renewable Loan Payment Protection

Your loan installments are covered. Is there anything else we can help you with?
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From now on, don't worry about how you will pay your loan installments in case you lose your job. Ensure the payment of your installments with Renewable Loan Payment Protection

Depending on your preference, you can select an annual or a longer-term option for Loan Payment Protection. Thus you can ensure the payment of your loan debt in case you lose your life or become disabled due to an accident. If you are a salaried employee and involuntarily lose your job, or if you are self-employed and hospitalized due to an accident or illness, your loan installments are paid.

For detailed information, you can call 444 0 333 Alo Garanti or visit the nearest Garanti branch.

* The Loan Payment Protection Insurance is offered by Garanti Emeklilik ve Hayat A.Ş.

  • Coverages and Additional Information

    Renewable Loan Payment Protection Insurance

    With a  Renewable Loan Payment Protection Insurance from Garanti Pension, your loan debt  are covered if you lose your life or become disabled due to an accident. If you are a salaried employee and involuntarily lose your job, or if you are self-employed and hospitalized due to an accident or illness, you will have payment protection for your loan installments. With the Renewable Loan Payment Protection Insurance, the remaining loan debt will be paid by Garanti Pension in case of loss of life or disability due to accident. Additionally, your loan installments will covered if you are a salaried employee and involuntarily lose your job, or if you are self-employed and hospitalized due to an accident or illness.

     

    Renewable Loan Payment Protection Insurance
    Insurance Coverage

    Loss of life due to any cause, disability due to accident; Involuntary Unemployment for Salaried Employees; Daily Hospitalization Compensation for self-employed individuals.

    Coverage Amount Determined according to the loan amount.
    Insurance Period 1 Year
    Insurance Premiums Insurance premiums vary according to the coverage amount.
    Collection You get information regarding collection from Garanti Bank Branches
    Benefits In case you lose your life or become disabled due to an accident, your bank loan debt is paid by the insurance company. After the bank debt is paid off, the remaing amount, if any is paid to the beneficiaries.

    Long Term Loan Payment Protection

    With a Long Term Loan Payment Protection Insurance from Garanti Pension, your loan debt for long term (more than 1 year) loans are covered if you lose your life or become disabled due to an accident. If you are a salaried employee and involuntarily lose your job, or if you are self-employed and hospitalized due to an accident or illness, you will have payment protection for your loan installments.

    Involuntary Unemployment Coverage

    If, while employed, you involuntarily lose your job without being at fault, your loan payment installments are covered.
    To benefit from the Involuntary Unemployment Coverage, you must have been working at the same private sector company for at least 180 days consecutively at the date of unemployment. If your employment period is less than 180 days when you first purchase your policy, the remaining portion is added to the exclusion period.
    You must have been employed for at least 120 days from the start of the policy, and  must remain unemployed for at least 30 days from the start of your unemployment.

    Daily Hospitalization Coverage

    With the Daily Hospitalization Coverage, if you are self-employed and hospitalized due to an illness or accident for at least (7) days at a hospital approved by the T.C Ministry of Health, you are covered against the loss of income that may occur during your hospitalization.
    To benefit from the coverage, you must have been employed for at least 120 days from the start date of the policy and must be hospitalized for at least 7 consecutive days.


    * The Renewable Loan Payment Protection Insurance is offered by Garanti Pension and Life A.Ş.

     

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