Risk life insurance tied to the KB mortgage loan

The risk life insurance Pyramida was particularly designed in order to secure clients´ loans of Modrá pyramida or mortgage loans of Komerční banka. This insurance will protect you and your family if any unfavourable events occur. In cases you are not able to repay your loan, the insurance company will pay it instead of you. You and your loved ones will have a secured living without more financial worries.

The payment protection insurance provided to the KB mortgage loan represents a unique opportunity to be protected against any problems with mortgage repayments that may occur in difficult life situations. The insurance covers a broad range of risks, including the loss of job. If an insured event arises within the period of insurance duration, we will remit the unpaid part of the loan to the bank or assume the repayment of your regular instalments. This way you protect not only yourself but your loved ones and your property as well.

• Option A: insurance against death and total disability
• Option B: insurance against death, total disability and working inability
• Option C: insurance against death, total disability, working inability and loss of job

The insurance is closely linked to the loan and thus it fully covers your needs – the sum insured decreases in relation to your gradual loan repayment. This is the reason why the insurance can be obtained for a very favourable price. Should an insured event occur – death or awarding of the total disability status, the insurance company settles the remaining amount of your debt to the bank. Your family therefore will not be obliged to continue repaying the loan and the savings of your family or any pledged real estate will not be endangered.

If you become incapable of working for a long period or lose your job, we will assume the regular loan repayments for you. At the same time, you will be released from the obligation to pay premiums so your family budget will not be burdened with your long-term commitments. Your family or guarantors will certainly appreciate such insurance coverage!

If you already have another life insurance tied in favour of KB, you may arrange an insurance policy only to cover the part of your debt to KB. For example, if you cover with this insurance only 50% of your loan, then in case of an insured event, the insurance company will settle the remaining 50% of your debt.

You can obtain our products at any branch of Komerční banka. For more information call the Call centrum of Komerční pojišťovna using the free Info Line 800 10 66 10.

Information for Persons Interested in Insurance and Insurance terms and conditions are available only in czech language.

The insurance may be changed within the period of its duration according to your needs and to your loan repayments. If you repay a part of the mortgage loan by an extraordinary instalment, the premium will be recalculated and subsequently lowered.

Should the total loan maturity period change, the insurance period may easily be adjusted thereto (reduced or extended).

Additionally, you may change the insurance option or the insured ratio.

You can take out the insurance either when applying for the loan or during the period of using and repaying the loan.

• possibility to obtain a lower interest rate to the mortgage loan
• large range of insured risks will secure you in any difficult life situations
• premium payments start at the moment of using the loan
• decrease in the premium after an extraordinary loan instalment
• the insurance can be simply arranged together with the mortgage loan at one point of sale

A man aged 45 is considering buying a new piece of real property. He intends to finance a part of its price using a mortgage loan in the amount of CZK 1,000,000 with the loan maturity of 15 years. In order to secure his family, he chooses the complex insurance option covering all the risks – death, total disability, working inability and loss of job. His monthly expenses will thus increase by only CZK 450.

A couple aged 40 is applying for a mortgage loan in the amount of CZK 1,500,000 with maturity of 20 years. They contribute by an equal share to their household´s total income and therefore they both decide to take out an insurance policy. They will use the opportunity to arrange the insurance for covering a part of the loan and each of them will cover with his/her insurance one half of the loan. They will select the middle option, i.e. the insurance against death, total disability and working inability. The total premium for two persons will be only CZK 676.