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Credit Card Liability Insurance

  • 76% of cases are incapacity for work*
  • Highest indemnity due to incapacity for work was 1188 EUR*
  • Highest indemnity due to unemployment was 579 EUR*

Insure yourself against an unemployment and incapacity for work

Credit Cover will help you make your credit card repayments.

  • If you unexpectedly lose your job
  • If you stay on sick leave for more than 30 days also due to your child‘s illness

If unemployment or incapacity for work lasts longer then 12 months, we‘ll reimburse the whole outstanding balance.

You‘ll pay for the insurance only if you use the credit.

* A summary of losses in 2021 according to the data of Swedbank P&C Insurance AS Latvian branch.

  • EUR
  • Credit card liabilities insurance will help you repaying your credit card obligations if you’ve lost your job or become incapable for work due to illness or trauma for more than 30 days.
  • You’ll be charged for the insurance only if you use the credit. The rate of insurance premium is always the same: 0.6% 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 0.60 EUR.
  • We will pay out a monthly insurance indemnity equivalent to 5% of the outstanding credit. If the insured event continues for more than 12 months after the deductible period, then the last portion of the insurance indemnity will be equivalent to the entire outstanding balance of the credit.
  • This insurance is available to credit card holders aged between 18 and 62 (inclusive).
  • The contract can be set up via Internet Banking.

Cases of incapacity for work

If you or your child unexpectedly falls ill or suffers a trauma, we will pay out an indemnity that covers part of your credit card repayment.

The indemnity will be calculated starting from the 30th day after occurrence of the insured event (deductible period).

Cases of unemployment

We will pay out an indemnity if you are offered to sign an agreement to terminate employment, if you are given notice of termination due to downsizing or your position is closed due to reorganization of the company.

The risk of unemployment will be insured 90 days after the start date of the first insurance period specified in the policy.

The indemnity will be calculated starting from the 30th day after occurrence of the insured event (deductible period).

Log in to the Internet bank and see your credit card contracts. Choose a credit card contract and conclude insurance agreement through Internet Bank. The agreement and policy will be available on the Internet Bank.

The insurance contract enters into force on the start date of the insurance period specified in the policy.

The risk of unemployment will be covered 90 days after the start date of the first insurance period specified in the policy.

Submit the insurance application form, if you:

  • Have lost your job (you also need to register yourself as unemployed);
  • fall ill or get injured in an accident, and you won’t be able to work for more than 30 days (you also need to present the medical certificate confirming your long-term incapacity for work).

Fill in the claim form

  • Calculation of the compensation begins 30 days after start of insured event. 5% of the total credit amount used by the date of the insured event is paid each month to the credit card account.
  • After 12 months the remaining credit card balance will be compensated in full.
  • The interest payments are not compensated.
  • Payment of insurance indemnity will be suspended once you return to work or regain your health.

Insure your life if you have close ones you care about, and who depend on your income.

Insurance that helps you with loan repayments in case of losing your job or capacity for work.


Agreement fee 0 EUR!

Loan that can help you to fulfill your plans!


Insurance claims handling

Fill in the application form

The insurer is Swedbank P&C Insurance AS, which is represented in Latvia by Swedbank P&C Insurance AS Latvian branch and the insurance agent is Swedbank AS.

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  • 15% discount for CASCO insurance
  • Only until 15 October

CASCO when? Before you run out of luck!

Only until 15 October, take out CASCO insurance more beneficially – at a 15% discount.

  • 24-hour technical assistance without limit restrictions
  • 0 EUR deductible on damage to glass and collision with an animal – for an unlimited number of cases
  • With the Extra CASCO, additional safety for you, your passengers and the personal belongings