Loan insurance Who is the Beneficiary of Loan Insurance? The first beneficiary is Kienlongbank and the second Beneficiary (if any) is the legal heir of the Insured Person. Under no circumstances will the indemnity amount exceed the sum insured stated on the Certificate of Insurance. When will the borrower be paid Loan insurance? The Insured will be compensated by Bao Long in case of death or total permanent disability within the scope of insurance and not excluded as prescribed. When I borrowed from Kienlongbank, I bought the Loan Insurance of Insurance Long Insurance, so when there is a dispute about matters related to the Insurance Policy, I will complain to Kienlongbank or Bao Long Insurance, If there is a complaint With Bao Long Insurance, will Kienlongbank support me? Kienlongbank plays an intermediary role between the customer and Bao Long, so any dispute arises between the customer and Bao Long, Kienlongbank will support the two parties in accordance with their functions. How long is the insurance period? Can I continue to buy Insurance at the end of the Insurance term? The insurance period corresponds to the remaining term or period of the credit contract between Kienlongbank and the Customer, minimum 03 months and maximum 60 months. The starting date of the insurance period is the date that the Client signs for confirmation at the Insurance Claim Form cum Loan Proposal that Bao Long receives and pays the premium in full. I participated in Loan Insurance with the insured amount of 5 billion (Loan Insurance Policy is still valid), I had an accident and died and the amount owed at Kienlongbank was 100 million then Bao Long Insurance will pay like? Provided that the arising event is within the scope of insurance and is not excluded, Bao Long will pay the maximum according to the Sum insured of VND 05 billion - of which 100 million is payable to KLB, and 4.9 billion will be paid to the person. legal inheritance of the Insured Person At the time of the insurance event, if I have not paid all the fees, can Bao Long pay the insurance amount under the policy? The Policy / Certificate of Insurance is valid only when the customer pays the premium in full and on time to Bao Long. What is the maximum coverage for Insurance? 100% of the sum insured Can I participate in more than one Loan Insurance policy at the same time? If possible, will I be entitled to benefits under all those policies when there is an accident? The borrower's health insurance (Loan Insurance) is based on the Credit Contract between the Customer and Kienlongbank, so if the Customer has many loans (Credit Contract) at Kienlongbank, the Customer can participate in many Loan Insurance Contract. For personal insurance, when an insured event arises and is not excluded such as death / permanent total disability, the Insured will be entitled to the benefit of all contracts purchased. Can a customer with a loan of 1 billion at Kienlongbank has paid 500 million to participate in Loan Insurance? If yes, what is the maximum amount insured? The sum insured may be based on the agreement between the Customer and Bao Long but not exceeding 05 billion VND and the maximum term according to the credit contract. « ‹ 1 2