Eurolife: When Income Stops, Loan Instalments Continue

A new insurance benefit from Eurolife, “Loan Instalment Protection”, offers a modern solution for protecting borrowers in cases of incapacity to work due to illness or accident.

If income is unexpectedly interrupted, the new benefit ensures the continuation of loan instalments by paying the monthly benefit amount directly to the banking institution, covering up to 100% of the obligation.

Addressing a genuine gap in the market, Eurolife introduces a solution focused on providing support where it is needed most: maintaining customers’ financial stability during difficult periods.

The benefit complements existing Death and Permanent Total Disability coverages, providing a comprehensive solution for protecting loan obligations against unforeseen events.

The product is designed for holders of mortgage and/or personal loans, as well as economically active individuals who depend on their income to meet their financial commitments. Through this new benefit, Eurolife further strengthens its loan protection portfolio, reaffirming its commitment to offering practical and flexible insurance solutions. The new offering aims to become an important financial protection tool for households, providing peace of mind in the face of unexpected circumstances.

Benefit payments commence after the expiry of a waiting period of either one or six months, depending on the customer’s selected option, and may continue for up to 24 monthly instalments per incapacity event.

The benefit is available to individuals aged 18 to 60 and can provide protection for a period ranging from 5 to 45 years. Coverage will automatically terminate at age 65 or upon the expiry of the Basic Plan, whichever occurs first.