Credit Card Protection Insurance

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Credit Card Protection Insurance
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    You can take your Credit Card debt payment under coverage against the Death, Full and Permanent Disablement, Involuntary Unemployment, Temporary Incapacity or Daily Hospitalization risks.

    In the case of the occurance of any one of the Death, Full and Permanent Disablement risks, then total credit card debt amount shall be paid at first within the limits of the policy and the remaining coverage amount, if any, shall be paid thereafter to the beneficiary, and if a beneficiary is not designated, to the lawful heir(s). In the case of the occurance of any one of Involuntary Unemployment, Temporary Incapacity or Daily Hospitalization Compensation Coverage risks, then total credit card debt amount shall be paid within the limits of the policy.

    • Death: It is the death of the insuree due to any reason other than the exceptions specified in General Conditions of Life Insurance.
    • Full and Permanent Disablement Due to Illness: It defines the circumstance which fully and permanently hinders the insuree to perform any profession or activity that would enable him to generate financial income for himself.
    • Permanent Disablement Due to Accident: It defines the full disability status specified in General Conditions of Personal Accident Insurance.
    • Involuntary Unemployment Coverage:  It is the situation whereby the insuree, within the framework of the conditions specified in the policy, loses his income generating work or works against his will.
      • Coverage for Temporary Incapacity due to Accident or Illness: Provided that it is verified by a full-fledged hospital report, it is the situation whereby the insuree loses his capacity to work temporarily due to an accident or illness. Self-employeed people and public servants can benefit from this insurance.
      • Daily Hospitalization Coverage: It is the situation whereby the insuree needs medical treatment by staying in hospital due to an accident or illness.

    Coverage and Premium Table


    Coverages (TL)

    Credit Card Unemployment Insurance

    Package 1

    Package 2

    Death / Full and Permanent Disability

    10.000 TL

    15.000 TL

    Involuntary Unemployment

    1.000 TL

    1.500 TL

    Temporary Incapacity

    1.000 TL

    1.500 TL

    Daily Hospitalization

    1.000 TL

    1.500 TL

    Premium

    11,50 TLx12 months =138 TL

    17 TLx12 months =204 TL

    Eligibility Conditions

    In order to be eligible for Involuntary Unemployment Coverage; the person should have been worked as a permanent employee registered in Social Security system for a period of at least 180 days in the same workplace before the unemployment date and must be employed for a period of 120 days after the insurance application date and the unemployment status must continue at least for 30 consecutive days after the unemployment date.

    Coverage for Temporary Incapacity due to Accident or Illness: After the lapse of 30 days waiting period, this benefit shall become effective on condition that the health status of the person is verified by a full-fledged hospital report authorised by the Ministry of Health.

    Daily Hospitalization Compensation Coverage: The insuree should have stayed in the hospital more than 7 (seven) days as a result of an accident or illness.

    The insurance policy is issued on an annual basis. The insurance amount for Involuntary Unemployment or Temporary Incapacity to Work or Daily Hospitalization Compensation coverages  is paid maximum 2 times within the insurance period.

    Credit Card Protection Insurance is offered through BNP Paribas Cardif Retirement Company. Please contact with the TEB Branch nearest to you to purchase this insurance or call 0850 200 0 666 TEB Phone Branch.

    * TEB is an authorised agent of BNP Paribas Cardif Retirement Company and Credit Card Protection Insurance is offered through BNP Paribas Cardif Retirement Company.

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