ERGO Life insurance for Luminor bank customers

Life insurance

This insurance is a non-cumulative life insurance covering only against the risk of death. The sum insured is paid out if the insured person dies due to illness or is killed during the insurance period. This service is mostly chosen by our customers who have financial obligations and care for their loved ones. If you have obligations to the bank, you can choose a variable sum insured that gradually decreases.

One contract for the whole family

You can include yourself and/or your relatives in the insurance contract, without limiting the number of insured persons in one contract.

Additional insurance benefit in the bank Luminor

Since 1 June 2023, for customers who have a mortgage loan, if a baby is born to the insured person during the validity period of the insurance contract, a one-time birth allowance of EUR 150 will be paid to him.

Applies to insurance contracts starting with No. 71-305-..., 71-304-..., 71-302-..., 302:..., for the insured persons: from 2025.04.01, credit recipients are additionally insured with a €20,000 sum in case of disability due to an accident. In the event of an insured incident, we will pay out a portion of the insured sum as specified in the Disability Due to Accident Benefits Table. The additional insurance coverage remains valid as long as your life insurance coverage is active and the premium under the insurance contract is being paid.

Favourable conditions for insurance against cancer and other critical illnesses

You can choose insurance against cancer and other critical illnesses (4 diseases are covered – cancer, myocardial infarction, cerebral infarction/stroke, multiple sclerosis).

Insurance against incapacity for work

If the insured person becomes incapacitated for work due to an insured event, the sum insured of this person that was valid on the day of the insured event is paid out. An insured event is an irreversible loss of the insured person’s capacity to work (participation), caused by pronounced disorders of various functions of the body that appeared during the insurance coverage validity period, as a result of which the insured person has a level of capacity (participation) of 0-25% and the condition continues for more than 12 months.