PERSONAL LOAN INSURANCE

Personal Loan Insurance may be taken out by any natural person over the age of 18 and under the age of 75 at the subscription date⁽¹⁾ (under the age of 51 for the insured person under the AERAS agreement) and residing in a State belonging to the European Economic Area or the Principality of Monaco.

⁽¹⁾Subject to acceptance of the risk by the insurer, in light of the medical formalities.

You are covered in case of⁽¹⁾:

• death and total and irreversible loss of autonomy: we pay the remaining capital up to the limit of the insured portion⁽¹⁾,
• total inability to work: your monthly payments are covered up to the limit of the amount insured from the 91^st consecutive day of work stoppage ⁽¹⁾ for the duration of the incapacity,
• loss of employment: your monthly payments are covered within the limit of the portion insured from the 91^st day of unemployment for a period of up to 24 months in one or more claims⁽¹⁾.

Medical formalities are determined according to your age at the date of subscription and the amount of outstanding loans taken out with International Offshore Bank of European Union.

All of your medical information is protected by medical secrecy. Information of a medical nature will be exchanged with the Insurer at your initiative in a confidential envelope for the attention of the insurer's Medical Adviser.

The AERAS (Getting Insured and Borrowing with an Increased Health Risk) agreement facilitates access to loans and insurance for persons with an increased health risk.

The scope of application to the right to be forgotten and the reference table changes very regularly. Consult the AERAS agreement and the AERAS information document.

A single, guaranteed rate ⁽¹⁾ until the end of the loan, determined at the time of subscription, even if a new event occurs in your life (moving abroad, performance of a high-risk sport, etc.).

⁽¹⁾ Within the limits and in accordance with the conditions mentioned in the Information Leaflet.

Consult the procedures for making a claim here

Total and Irreversible Loss of Autonomy (PTIA)
It is deemed that there has been a Total and Irreversible Loss of Autonomy when the Insured Person:

• is recognised unfit for any work as a result of illness or accident, and is permanently unable to engage in any activity, even surveillance or management, which may earn him or her a salary, pay or profit,

and

• requires the assistance of a third party to carry out at least three out of the four ordinary acts of everyday life (washing, feeding, dressing, moving).

Complete Inability to Work (ITT)
The Insurer deems that there is a Complete Inability to Work when the insured person is forced to completely suspend their professional activity on medical advice as a result of illness or accident and whose state of health precludes the exercise of any professional activity, provided that as at the first day of work stoppage, the insured person was actually carrying out a paid professional activity or received allowances from the Employment Agency.

Loss of Employment (PE)
The following events are considered a Loss of Employment:

• dismissal of the insured person entitling them to unemployment benefits from the Employment Agency,
• the loss of professional activity when the insured person is a business executive either in their own name or as company manager or corporate executive, entitling them to receive benefits under a private unemployment insurance scheme reserved for business executives.

Deductible (in the case of ITT)
Minimum number of consecutive days of work stoppage or total unemployment beyond which compensation is possible.

Waiting period (in the case of PE)
Period during which the cover does not apply.

Insured portion
The insured portion is the percentage of the capital borrowed that will be covered by the insurance policy.