In such a case, you would be without a telephone, without heating, without mobility, for example, shortly after a return debit note. To prevent this from happening in the first place, Société Générale Insurance offers various protection cover models that ensure that basic services* are guaranteed for a plannable period in such cases. And whether tenants with small incomes are affected or entrepreneurs with a high monthly income - privately or for the company - every payment default is worth protecting. Contact us.
Loans and installments
Due to illness, accident, unemployment or other circumstances, the standard of living can be drastically reduced. Reserves are quickly used up. Then at least the running costs for accommodation, energy and monthly contract obligations should be secure.
Residual credit insurance
protect against these risks, for example:
incapacity for work
In the event of a claim, residual credit insurance* takes over the further installments, the agreed sum insured or the remaining loan amount as a one-time payment or in the form of monthly installments. This protects your customers against financial bottlenecks. Supplementary assistance services are practical helpers in this respect.
*according to the respective GCI
Securing rates is worth it
Online shopping - whether it's a tumble dryer or a smartphone, an e-bike or a musical instrument: with just a few clicks, even larger purchases can now be bought on installments. Very convenient. Of course, everyone expects to be able to service these installments - often for years.
But it can be inconvenient.
Unemployment or incapacity to work can affect anyone and is not limited to individual occupational groups. If the worst comes to the worst, salaried employees, for example, will only receive around 60% of their previous net income after a short time. With a net salary of EUR 1,500, this means a shortfall of EUR 600 every month - money that would otherwise be used, for example, to pay monthly loan obligations. Reason enough to cover this worry for installment loans. For just a few euros a month, we will take over the monthly loan installments for the time you are unemployed or unable to work, giving you additional financial leeway during this difficult time.*
This protection is available for many credit products: e.g. consumer loans, mortgage loans, leasing contracts. It is best to simply ask our cooperation partners about this when concluding a financing agreement.
A really good credit protection is always fitting with the supply situation of the consumer. Example: A student in a shared apartment has different wishes than a family with 3 school children and their own home. So what questions your customers might ask, explains the article in our blog.