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What is MoneyProtect?expand_more
MoneyProtect protects your family against the risk of outstanding credit card obligations when the primary cardholder dies. Should such an incident occur, the insurance will pay the remaining outstanding debts under the defined conditions.
Who is Cembra’s insurance partner?expand_more
That would be Generali Personenversicherungs AG.
What are the main advantages of MoneyProtect?expand_more
Your savings remain unaffected and are therefore protected
No minimum premium, i.e. premiums are only due when card transactions have been made
The insurance is optional, i.e. it can be taken out voluntarily
Single premium regardless of gender, age or occupation
Uncomplicated and easy application process
What services does MoneyProtect provide?expand_more
The insurance covers the outstanding card balance according to the monthly statement issued after the insured incident. The maximum payout is 15,000 Swiss francs. In the event of a claim, 100% of the covered amount is credited to the credit card account of the primary Cembra cardholder.
How much does MoneyProtect cost?expand_more
The premium rate is 0.25% of the monthly card statement balance.
Example: Outstanding balance according to monthly statement: CHF 1,000.00 Premium rate: 0.25% Monthly insurance premium: CHF 2.50 Outstanding balance including premium: CHF 1,002.50
If a primary card account has additional cards, does MoneyProtect also cover amounts outstanding on these?expand_more
Yes.
How and when can I take out MoneyProtect?expand_more
It is best to take out the insurance together with your credit card agreement. You can also activate the insurance at a later date in eService, call us or directly visit one of our branches for a non-binding consultation.
Who can take out MoneyProtect?expand_more
The primary cardholder of a credit card issued by Cembra.
When does the insurance cover begin?expand_more
The insurance cover begins on the date specified in the confirmation of insurance, which you receive according to your application for membership. (Usually on the first of the month after application. At the earliest from the beginning of the credit card agreement.)
What must I do to make a claim?expand_more
As proof of claim, Generali requires the notice of death as well as an official death certificate. Generali is entitled to demand additional documents. In the event of a claim, all the above-mentioned documents or additional documents requested by the insurer must be sent to the insurer at the following address:
Generali Personenversicherungen AG Competence Center CCCI (LP-CC) Soodmattenstrasse 10 8134 Adliswil 1 / Switzerland
How is the insurance payout made in the event of a claim?expand_more
In the event of a claim, 100% of the covered amount is credited to the credit card account of the primary Cembra cardholder.
Can I still use my additional card in the event of a claim?expand_more
No, because it belongs to the account of the main cardholder.
How can I cancel MoneyProtect?expand_more
You can cancel the insurance policy free of charge in writing and by post within 30 days from the start of the insurance. Please send notice of cancellation to Cembra Money Bank AG, Bändliweg 20, 8048 Zurich. After these 30 days have elapsed, the insurance can be cancelled subject to a notice period of 30 days from the end of a month. This should also be done in writing and by post to the above address.
