Be insured against accidents
Personal accident insurance is an affordable/light, simple and universal insurance type. It provides financial protection against risks such as permanent as well as temporary disabilities and even death, due to accidents in production, natural disasters, car accidents, third-party wrongful acts, terrorism, etc.
The amount of the insurance in case of mortgage loans equals to the principal amount of the loan.
The insurance payments is calculated as 0,16% of insurance mount (minimum` AMD 1000).
As a rule, the initial term of Accident insurances, is one year and it's required to be prolonged until the end of the loan term.
Accident insurance comes into effect on the next day of signing the agreement, at midnight (the date can be postponed if the insurant wishes so).
The agreement is terminated at the end of the term or after meeting the obligations by the Insurants.
Updated as of 17.10.2022 12:02