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Profit Sharing Financing (Life) Insurance Profit Sharing Financing (Life) Insurance

Profit Sharing Financing (Life) Insurance

You can take out a finance-related Profit Share Financing (Life) Insurance from Vakıf Katılım and save your loved ones from the debt burden that may arise.

What is Profit-Sharing Financing (Life) Insurance?

Depending on the financing used from Vakıf Katılım, it is the life policy type whose financing period is the policy term and the financing amount used is the collateral amount, which includes the payment of the financing debt to Vakıf Katılım by the insurance company (Türkiye Hayat Emeklilik) in case the participant dies or becomes disabled as a result of an accident during the policy term, and payment of the remaining amount to the heirs in case of excess balance. The policy can be issued with only death coverage and death + permanent disability coverage.

What Are The Guarantees And Features Of Life Insurance?

  • Includes death and permanent disability coverage.
  • Can be issued for more than 1 year.
  • In case of permanent disability, compensation is paid to the person himself/herself, and in case of death by natural causes, compensation is paid to the legal heirs in case there is an amount left over from the financing debt.
  • Depending on the policy term, there is an alternative to pay policy premium installments for up to 60 months.

Features

Repayment of Debt in the Event of Death

It pays your financial debt in case of death.

Payment to Legal Heirs

Makes payments to legal heirs in case there is a remaining amount after debt settlement.

Tax Advantages

You can benefit from tax advantages on premiums paid during the policy period.

A policy can be issued at our branch upon the use of financing.

Our customers between the ages of 18-75 who use financing from our Bank can have life insurance.

The coverage amount is equal to the amount of financing you have used from our bank.

Your coverage cannot be more than the financing amount.

It is valid for the duration of the financing you have used.

If you close your financing debt early, the premium is refunded.

Factors such as the amount of financing used, the maturity of the financing, the age, occupation and health status of the insured determine the policy premium.

There are payment alternatives from the account in advance and in installments up to 60 months.

Since the policy term is equal to the maturity term of the financing used, the policy term ends when the payments are completed. The policy can be canceled upon request in early closing transactions.

Financing (Life) Insurance is organized by Turkiye Participation Hayat A.Ş. Click here for detailed information.

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