Navigate to main page content
Become a customer

Illness and unemployment protection

  • 85% of cases are sick leave*
  • Average payout is 680 EUR*

Insure yourself against unemployment and incapacity for work

Loan Payment Protection Insurance helps you to pay the monthly loan payments in case you:

  • losing your job unexpectedly;
  • stay on sick leave for more than 30 days also due to your child‘s illness;
  • temporary incapacity for work due to e. g. a trauma or another accident.

In case of unemployment or sick leave we will cover amount of your loan payments for up to 12 months.

* Swedbank P&C Insurance AS Lithuanian branch data, 2023.

Do You have any questions?

Book a consultation

Loan Payment Protection is an insurance designed specifically for only Swedbank borrowers. It is possible to conclude insurance agreement together with new loan, it means 30 days counting since loan contract conclusion. The insurance will alleviate your financial burden in case you will be unemployed or be on incapacity for work.

  • With the Illness and Unemployment Protection Insurance, in case of an insured event, you will receive an amount equal to your monthly loan repayment amount every month until you return to work (in the case of losing a job – until you find your new employment), however, for not more than 12 months.
  • The insurance fee is 3% of your monthly mortgage and 4% of your monthly small loan payment. For example, if the monthly mortgage loan payment is €100, the insurance premium is €3.
  • You can conclude the insurance contract within 30 days since loan contract conclusion, if your loan has a term of at least 1 year and if the loan balance is more than €500.
  • We recommend that also the co-borrower conclude the insurance contract.

Incapacity due to illness

If you or your child gets ill unexpectedly, suffers a trauma, etc., and a more than 30-day treatment is required, we will provide an indemnity that covers your monthly loan payments for the sick leave period.

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 ensured event.

In the Terms and Conditions you can find detailed information about insured events and exclusions, principles of indemnification and other important conditions.

After signing a new loan conctract your monthly payment will be visible in the internet bank. Conclude an insurance contract by confirming it in the internet bank within 30 days of loan contract signing.

Insurance cover "Incapacity due to illness" is valid from the first day of the insurance period specified in the insurance policy.

Insurance cover "Unemployment" will take effect 90 days after the first day of the insurance period specified in the insurance policy.

If you lose job:

  • keep documents certifying termination of your employment contract (a copy of the employment contract, documents of dismissal agreement, etc.);
  • get registered with the Employment service (former Labour Exchange).

Fill in the form of event notice

If you lose capacity to work because of illness or accident:

  • Event (accident, trauma or illness) must be certified by a certificate of incapacity to work issued by a doctor.

Fill in the form of event notice

If insured event occurs, our damage experts will provide professional assistance to you.

  • Please be informed, that in case of insurance indemnity payout, insurer will pay out to your bank’s account, therefore you have to continue with your loan monthly payments according to your loan agreement.
  • The indemnity will be calculated starting from 30 days after the insured event takes place.
  • The maximum period for being indemnified is 12 consecutive months.
  • The indemnity will be paid to your bank account.

Example:

If your monthly loan payment is €210 and you fall ill for 50 days, then you‘ll get the indemnity for 20 days. Daily indemnity is €7 (210 € : 30 days). The amount of benefit for these 20 days will be € 140 (20 days x € 7).

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

Insure yourself against a sudden illness or unemployment in the amount of credit card liabilities.

Loan that can help you to fulfill your plans!

Insure your car in just a few minutes and get 10 free roadside assistance services.

Learn more

Contacts

  • +370 5 268 4444
  • info@swedbank.lt
  • Insurance services are provided by “Swedbank P&C Insurance AS” Lithuanian branch through representative “Swedbank”, AB.

Insurance claims handling

Swedbank logo

Jūsų Internet Explorer naršyklė nebepalaikoma.

Prašome naudoti Google Chrome, Mozilla Firefox ar Microsoft Edge naršykles.

Nuo 2021 03 23 nebebus galima jungtis prie „Swedbank“ interneto banko naudojantis naršykle „Internet Explorer“.

Taip pat nebebus galima tvirtinti ar vykdyti mokėjimų iš „Swedbank“ kituose tinklalapiuose naudojantis „Internet Explorer“.

Siūlome Jums naudotis naršyklėmis „Google Chrome“, „Mozilla Firefox“ ar naujausia „Microsoft Edge“ versija. Norėdami sužinoti, kaip įdiegti naršykles spauskite čia.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Swedbank
  • Jūsų įrenginio operacinė sistema ir interneto naršyklė yra pasenusi ir nėra palaikoma Swedbank interneto banke. Prašome atnaujinti operacinę sistemą bei interneto naršyklę arba kreiptis į IT specialistus techninės pagalbos.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.


New! Bonds for the construction of an office centre on Konstitucijos Avenue

  • The bonds are issued by UAB "Kvartalas".
  • Building is developed by UAB "Lords LB Asset Management".
  • Fixed annual interest rate – 8%.
  • The minimum investment amount is EUR 100.

Investing involves risk. The value of an investment can increase or decrease. The information provided cannot be interpreted as a recommendation, invitation, offer or solicitation to buy/sell specific financial instruments. Swedbank AB has not made any assessment as to whether this financial instrument is suitable for you.

Contacts

„Swedbank”, AB
Konstitucijos pr. 20A, 09321 Vilnius, Lithuania
SWIFT code: HABALT22
Legal entity code: 112029651

Useful links

Legal information

Customer programmes

This is Internet Banking site of companies offering financial services - „Swedbank“ AB, Swedbank lizingas UAB, Swedbank investicijų valdymas UAB, Swedbank P&C Insurance AS Lithuanian branch, Swedbank Life Insurance SE Lithuanian branch. Before signing any agreement read the terms and conditions of the respective service.