Credit Cover

The highest indemnity was 2500 €*

Insure yourself against an unemployment and incapacity for work

Credit Cover will help you make your credit card repayments.

  • Credit Cover insures your credit card repayments should you unexpectedly lose your job or fall ill.
  • You only pay insurance premiums if you use your credit card limit.
  • If unemployment or incapacity for work lasts longer then 13 months, we‘ll reimburse the whole outstanding balance.
  • You‘ll pay for the insurance only if you use the credit.

Conclude Insurance agreement

*A summary of losses in 2018 according to the data of Swedbank P&C Insurance AS on paid insurance indemnities.

How much would it cost?

Used credit card limit at the end of month
Insurance payment
EUR
The calculation is indicative. Your Credit Cover premium varies month to month depending on the credit limit used as of the last day of each month.
What is Credit Cover?
  • Credit Cover will help you repay your credit card liabilities, if you lose your job or stay on sick leave for more than 30 days in case of an illness or consequences of a trauma.
  • You’ll be charged for the insurance only if you use the credit. The rate of insurance premium is always the same: 0.55% of the used credit amount. For example, if you only used €100 by the end of month, the insurance will cost you as little as 0.55 EUR.
  • We will reimburse 5% of the used credit every month for up to 11 months. In case you haven’t returned to work after 12 months, the total credit balance will be paid out with the final payment.
  • This insurance is available to all Swedbank card holders between the ages of 18 and 62. Log in to the Internet bank to see the eligible credit card contracts.
What events are covered?

In case of incapacity for work

If you or your child gets ill unexpectedly, suffers a trauma, etc., and a treatment that lasts more than 30 days is required, we will provide indemnity for partial repayment of your credit card liabilities.

In case of unemployment

We will pay you the indemnity, if for example, you are offered an agreement to terminate employment, you are given a notice of termination of the contract due to downsizing or eliminating your position in a reorganised company.

The unemployment cover will take effect 90 days after the insurance contract has come into force.

The indemnity will be calculated starting from 30 days after the insured event.

Contacts

Insurance claims handling

  • +372 888 2111 (24h)

Fill in the application form