Loan Protection Insurance




Secure your ongoing payments against risks by including Loan Protection Insurance in your loan package.

After acquiring a loan from Koçfinans, you have 30 days from the loan’s confirmation to add insurance.

The policy and special and general term documents include detailed information, exceptions and limits pertaining to the warranty.

Allianz Hayat ve Emeklilik AŞ provides Koçfinans insurance.


Who benefits?

  • Real persons with loan from Koçfinans
  • Legal entities with loan from Koçfinans and a guarantor
  • Any person who is at least 18 years old and no older than 65 years at the end of the loan’s maturity term
  • People with loans with equal installments
  • People without any disabilities or ongoing or chronic diseases

Warranty

Permanent Employees Self-employed and State Officials Housewives, Students, Retired Persons
Life Warranty
Total and Permanent Disability
Forced Unemployment
Temporary Disability Due to Accident and Disease
Dangerous Diseases
  • Life Warranty Under the life warranty, the insurance company forgives your entire loan debt in case of your death. Everybody who purchases Loan Protection Insurance is covered by this warranty.
  • Total and Permanent Disability With a total and permanent disability warranty, the insurance company forgives your entire loan debt if you become fully and permanently disabled during the loan term. This warranty covers every individual who purchases Loan Protection Insurance.
  • Forced Unemployment In case of forced unemployment, this warranty goes into effect and covers your loan installments until you return to active employment. All permanent employees may benefit from this warranty. The insurance company will pay up to six installments per incident. This warranty provides 18 months of total protection during your loan. You must have the right to unemployment pay to benefit from this warranty in the event of a job loss.
  • Temporary Disability due to Accident and Disease In cases in which you become disabled for more than 30 days as a result of an accident or disease, your policy covers your loan installments. Self-employed persons and state officials can benefit from this warranty as well. Under the scope of the policy, the insurance plan pays out up to six installments per incident. The policy protects you for 18 months total during the temporary disability period.
  • Dangerous Disease If you contract a dangerous disease covered by this warranty during the loan period, your insurance company forgives your entire loan debt. Retired individuals, housewives and people unemployed at the time of the loan application also benefit from this warranty.