Illness and unemployment protection

Illness and Unemployment Protection Insurance

Illness and Unemployment Protection Insurance

Illness and Unemployment Protection Insurance is an insurance service offered to persons that have received Swedbank‘s housing loan or consumer loan. The cover will protect you against a burden of financial liabilities in the event of:

  • losing your job unexpectedly;
  • sickness resulting in a temporary incapacity for work;
  • temporary incapacity for work due to e. g. a trauma or another accident.

What is the cost of insurance?

Select the type of loan
Loan payment, EUR

The calculation is only indicative. Please log in to your internet bank to see the exact Loan Payment Protection Insurance premium.

Monthly insurance premium
EUR

When Illness and Unemployment Protection Insurance can be useful to you?

In case of temporary incapacity for work due to accident*

In case of temporary incapacity for work due to sickness*

In case of unemployment*

* A detailed list of insured and non-insured events can be found in the insurance rules.

About the Service

Illness and Unemployment Protection Insurance is an insurance service designed specifically for borrowers. The insurance will alleviate your financial burden in the event of a sudden loss of regular income due to sickness or an accident or, upon losing your job, you will be unable to make your loan repayments for some time. With the Illness and Unemployment Protection Insurance, you will receive an amount equal to your monthly loan repayment amount every month until you return to work (in the case of losing a job – until you find your new employment), however, for not more than 12 months.

Which loans are eligible for the Illness and Unemployment Protection Insurance?

The insurance cover is available to persons who have received a Swedbank loan of the following types:

  • Housing loan;
  • Mortgage loan;
  • Consumer loan;
  • Consumer loan for purposes related to home or vehicle.

The insurance services are provided by Swedbank P&C Insurance AS Lithuania Branch through its representative Swedbank, AB.

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