Question 1

Long-term sick leave

Accepted Answer

For sick leave beyond 30 days, up to 7% of the outstanding amount at the time sick leave was taken will be paid. If the insured party can still claim a settlement payment from day 31, they will receive a settlement payment for the first 30 days. The disbursement will be made each month until you can return to work for a maximum of 12 months.
If the insured party is still at least 50% incapacitated for work after having received 12 monthly disbursements, the outstanding balance on the day of the incident will be cleared.

Applies to secured card and consumer loans See terms and conditions for supplementary coverage overview.

Question 2

Unemployment

Accepted Answer

In the event of involuntary unemployment beyond 30 days, up to 7% of the outstanding balance at the time you were made unemployed will be paid. If the insured party can still claim a settlement payment from day 31, they will receive a settlement payment for the first 30 days. The disbursement will be made every month for a maximum of 12 months until you can return to work.
If the insured party is still 100% incapacitated for work after having received 12 monthly disbursements, the outstanding balance on the day of the incident will be cleared.

Applies to secured card and consumer loans See terms and conditions for supplementary coverage overview.

Question 3

Temporary lay-offs

Accepted Answer

In the event of a temporary lay-off beyond 30 days, 7% of the outstanding balance at the time you were temporarily laid off will be paid. If the insured party can still claim a settlement payment from day 31, they will receive a settlement payment for the first 30 days. The disbursement will be made every month for a maximum of 12 months until you can return to work.
If the insured party is still 100% temporarily laid off after having received 12 monthly disbursements, the outstanding balance on the day of the incident will be cleared.

Applies to secured card and consumer loans See terms and conditions for detailed coverage overview.

Question 4

Hospitalisation

Accepted Answer

Only applies to self-employed people
In the event of hospitalisation beyond 3 days, 7% of the outstanding balance on the day the insured party was admitted to hospital will be cleared. If the insured party is admitted to hospital for more than 3 days and can claim a settlement payment from day 4, the insured party will receive a settlement payment from day 1.

Applies to secured card and consumer loans See terms and conditions for detailed coverage overview.

Question 5

Critical illness

Accepted Answer

In the event of critical illness, the outstanding balance will be paid at the time of diagnosis. Critical illness includes cancer, kidney failure, heart attack, stroke, heart disease that requires surgery, or transplant of important organs.

Applies to secured card and consumer loans See terms and conditions for detailed coverage overview.

Question 6

Death

Accepted Answer

In the event of death, the outstanding balance will be paid at the time of death.

Applies to secured card and consumer loans See terms and conditions for detailed coverage overview.

Question 7

Terms and insurance certificate (in Norwegian)

Accepted Answer

Insurance terms and conditions

Insurance certificate

Payment protection insurance for consumer loans:

Payment protection insurance for Mastercard:

Payment protection insurance

What is payment protection insurance?