Loan Protection Insurance – RIZIKO Plus

Credit Protection Insurance
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Financial protection
For all your active loans with iute

What is RIZIKO Plus – Credit Life Insurance?

RIZIKO Plus is a voluntary insurance product designed to protect your loan. It is offered to borrowers and protects them from the risk of being unable to repay the loan due to unforeseen events, such as loss of life or incapacity to work caused by accidents or illnesses. In such cases, the remaining loan balance is not passed on to family members but is covered by the insurer.
In the event of one of the covered incidents listed in the coverage section, the insurance company pays the outstanding loan amount, following the General Terms and Conditions of the insurance agreement.
This product is not a mandatory condition for obtaining a loan and is completely optional for the borrower.

Insurance Product Information Document

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Covered Risks

Coverage
Loss of life (death) due to illness
Loss of life (death) due to accident
Permanent total disability due to accident
Temporary inability to work due to illness or accident
Hospitalization due to illness or accident

Get to Know the General Terms and Conditions for Voluntary Insurance

General Terms and Conditions for voluntary Insurance

Frequently Asked Questions

Where can I file a claim in case of an insured event?

By filling out the form at this link, you can quickly and easily submit your claim without wasting time.

Where am I covered by the insurance?

The territorial coverage of the insurance includes insured events worldwide.

What are my obligations?

Carefully read the provided information before agreeing to enter into the insurance contract. Make sure the insurance is suitable for you, and in any case, do this before paying the insurance premium. Please inform us of any changes that may make you ineligible for this insurance.

When does the coverage start and end?

Coverage starts the day after the insurance premium is paid.
Coverage ends when:

  • If you cancel the insurance within 14 days

  • The loan is fully repaid

  • An insured event occurs, and the maximum benefit amount is paid

  • You no longer live or work in the Republic of North Macedonia