Loan Repayment Insurance

Žltý melón offers you practical and advantageous insurance for your ability to repay your loan. In addition to receiving better loan terms thanks to the insurance, it will help you in case of an unexpected life situation.

Žltý melón does not insure your ability to repay directly — instead, it cooperates with Generali Poisťovňa, the branch of an insurance company from another EU member state. You simply choose the insurance when applying for the loan, and we will handle all the rest for you.

Generali offers the following insurance packages for Žltý melón clients:

Package A – Basic (repayment insurance for death, total permanent disability, incapacity for work, and bone fracture)
Package B – Comprehensive (repayment insurance for death, total permanent disability, incapacity for work, involuntary unemployment, and bone fracture)
Package C – Senior (repayment insurance for death and bone fracture) – available for borrowers aged 61 to 62

Insurance Price

	Package A	Package B	Package C
Net premium *	2.99 %	6.99 %	1.99 %

* percentage of the monthly loan instalment

Compared to the benefits it provides, the insurance does not significantly increase your monthly payment. For package A, your instalment increases by approx. €3.50; for package B, around €8 (exact amount depends on your loan amount).

Insurance gives you better loan terms

Unlike competitors, Žltý melón partially or fully compensates these extra insurance costs in the form of a lower interest rate.

Benefits of insurance with Žltý melón:

Lower loan interest rate
Certainty that your loan will be repaid even in difficult life situations
No paperwork — Žltý melón handles everything on your behalf

Reporting a Claim

If you need to report an insurance claim, do so directly through Generali using their online claim form at www.generali.sk in the section Insurance Claim. For any questions or information regarding your reported claim, you can contact Generali by phone at 02/5857 7777 or by email at generali.sk@generali.com.

Insurance Characteristics

Insurance covers the risks of death, total permanent disability, incapacity for work, involuntary unemployment, and bone fracture.
The insurance period corresponds to the duration of the client’s loan contract.
The monthly insurance premium is calculated based on the monthly instalment of the loan (as a percentage of the instalment amount).

Insurance Benefits (Payouts)

1. Death
The insurer pays the full remaining outstanding principal as of the date of the insured’s death.
2. Permanent disability
Once the insured receives a valid decision confirming entitlement to disability pension (total permanent disability), the insurer pays 12 monthly instalments, or fewer if fewer remain. After confirmation of total permanent disability, the insurer pays the remaining loan principal in full.
3. Incapacity for work
After a waiting period of 60 consecutive days, the insurer pays monthly instalments during the incapacity period, for a maximum of 12 months. The first paid instalment is the one due after day 60.
4. Involuntary unemployment
After a deferral period of 90 days and 60 consecutive days of unemployment, the insurer pays the borrower’s loan instalments for up to 6 months. The first instalment covered is the one due after 60 days of unemployment.
5. Bone fracture
The insurer pays a lump sum of €200 (or €100 for an incomplete fracture), regardless of the number of bones fractured.

Exclusions and Limitations

There are no special exclusions beyond those listed in the General Insurance Terms and the Special Conditions for Bone Fracture Insurance. The maximum total benefit per insured person is €83,000. The insurance ends — among other conditions — at the end of the calendar year in which the client turns 65, or in the case of Package C, 67.

Eligible Persons

Any borrower who is a natural person can apply for insurance, provided they meet the age criteria: for packages A and B, they must be under 60; for package C they must be 61–62 years old, and also:

For packages A and C

Not receiving retirement or disability pension.
Not currently on sick leave.
In good health according to the Health Declaration.

For package B

Not receiving retirement or disability pension.
Not currently on sick leave.
In good health according to the Health Declaration.
Employed according to the Employment Declaration.

Health Declaration

The insured declares honestly that they meet the following conditions: their height (cm) minus weight (kg) is between 70 and 120; they are healthy, not reduced in work capacity, not currently incapacitated, not mentally unfit, not receiving disability pension, have not applied for disability, were not hospitalised for more than 14 days in the past 5 years, and have not been diagnosed with any serious diseases (cardiovascular, neurological, cancer, metabolic, psychiatric, etc.). They do not take permanent medication, have never tested HIV positive, and meet all conditions without exception.

Employment Declaration

Signed by clients in package B: the insured declares they have been continuously employed full-time (min. 20 hours per week) for the past 12 months, with at least 6 months at their current employer. They are not self-employed, not unemployed, not in a probation period, not in a labour dispute, and are not aware of any risk of losing their job.

Personal Data Protection

The document “Information on Personal Data Processing” is used to inform clients about data protection within Generali. The client acknowledges and agrees that Generali may fulfil its GDPR information obligation by publishing the information on its website (www.generali.sk).

Downloadable Documents

Information on Personal Data Processing – download here
General insurance terms for life insurance – download here
Special insurance terms for additional coverage – download here
Special terms for bone fracture insurance – download here
Framework insurance agreement – download here
Overview of insurance coverage – download here