Frequently Asked Questions

• CASCO insurance policy;
• Third Party Liability insurance policy;
• The customer may need to get a life insurance depending on the credit product.
   

A vehicle purchased on credit should have full CASCO insurance on a mandatory basis.

Full CASCO is a type of motor vehicle insurance which previews reimbursement of losses in the event of damage, total damage and theft (illegal possession) of the vehicle, but does not include insurance of transported passengers and cargo.

Insurance should be provided by the company approved by the Bank.

Limit of indemnity for CASCO (insured amount for the car) equals the price of the vehicle.

The Bank is a beneficiary under the insurance agreement.

Mandatory Third Party Liability for Road Vehicle Owners (Third Party Insurance or OSAGO) is a type of mandatory insurance that provides reimbursement for damage inflicted upon the third party as a result of a traffic accident.

Damages you inflicted as a result of a traffic accident are reimbursed by an insurance company:

Up to UAH 100,000 per one injured for damage to property (if number of affected people more than 5, the amount reduced proportionally);
Up to UAH 200,000 per one injured for damage to life and health.

It is insurance of life and health of the Borrower. The purpose of insurance is to provide financial coverage to the Borrower and repay loan outstanding if the insured event occurs. An insured event is loss of ability to work or death of the Insured.

A policy is signed either in the car dealership, or in the outlet of the bank. It depends on a partnership program. 

Yes, you can, but you should conclude it with the insurance company which is a partner of the bank under the respective lending program.