Finance and Services

Vienna (OTS) –

The dream of owning your own home is one of the most important goals in life for many people. But buying or building a property also entails financial obligations that can quickly become a burden for those left behind in an emergency. To protect yourself against this risk, Generali Versicherung offers a tailor-made solution: RISK Control credit residual debt insurance with a decreasing sum insured.

This insurance is useful if a larger loan has been taken out or if construction financing needs to be secured and the financial obligations decrease over time. “As the sum insured decreases, the insurance cover adjusts optimally to the decreasing remaining balance of the loan – a solution that offers the best possible security. In addition, the exclusive benefits for two insured persons clearly speak in favor of our new term life insurance,” emphasized Wolfgang Ortner, Head of Life Insurance at Generali Versicherung, the advantages of the new product.

The benefits of having two insured persons include:

• Double performance: If both insured persons die due to the same event (e.g. car accident, plane crash) within one month of the event, the insured sum will be paid out twice.
• Takeover option: In the event of the death of an insured person, the surviving person can apply for a new insurance contract within three months with the same contract details as the original contract – without a new medical examination.
• Separation option: In the case of a joint contract, it is possible for both insured persons to apply for a separate contract with the same contract details as the original contract – again without a new health check.

For even more security, Generali offers the additional module “Real Estate & Pension Plus”, which is tailored to the individual needs of customers. It contains the following services and options:

• Real Estate Bonus: If an insured person dies within 12 months of purchasing or building a property, Generali will pay a one-off additional benefit of ten percent of the insured sum, up to a maximum of 30,000 euros.
• Immediate assistance in the event of death: Immediately after receipt of the death certificate, Generali will pay out ten percent of the insured sum, up to a maximum of 10,000 euros.
• Early death benefit: In the event of a serious illness with a medically confirmed life expectancy of less than twelve months, the insured sum will be paid out early in order to enable the best possible medical care or to fulfill special wishes.
• Extension option: An extension of the cover can be requested without a medical examination up to five years before the expiry of the insurance.

For further information please visit our Website.

This text is non-binding basic information for media representatives, but not an offer, invitation or recommendation to purchase insurance products. Information about products and services is presented in an abbreviated or simplified manner – the exact definition and scope of insurance cover are set out in the respective contract terms.

GENERALI INSURANCE AG
With EUR 2.8 billion in premium income, 4,400 employees and over 1.7 million customers, Generali Versicherung is one of the leading insurance companies in Austria. It is part of the Generali Group, founded in 1831, one of the largest global insurance groups and asset managers. Generali is represented in over 50 countries with total premium income of EUR 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, Generali occupies a leading position in Europe and is also gaining increasing importance in Asia and Latin America. At the heart of Generali’s strategy is the ambition to be a lifetime partner for customers, which is achieved through innovative and personalized solutions, first-class customer experiences and digitized global sales capabilities. Generali has fully integrated sustainability into all strategic decisions to create value for all stakeholders while building a fairer and more resilient society.

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