It is best to arrange Payment Protection Insurance together with your leasing or credit agreement. However you can also call us at a later date or visit one of our branches directly in order to get some independent advice.

Payment Protection Insurance protects you against involuntary unemployment, illness, accidents or if you are unfit to work.

In the event of an insured claim, the insurance company will take over your monthly payments. The outstanding payments for your current credit agreement will be transferred directly to Cembra. The payments will be made regardless of any other insurance proceeds.

No. The insurance proceeds which are paid out do not need to be paid back.

You can register your claim directly with the AXA Versicherungen AG, General-Guisan-Strasse 40, 8400 Winterthur, Tel. +41 (0) 848 00 03 98 . You will then be told how to proceed. Please have your agreement number ready.

You can write to us to cancel Payment Protection Insurance free of charge within 30 days after the start of cover. Please send your cancellation directly to Cembra Money Bank AG, Bändliweg 20, 8048 Zurich, Switzerland.
Payment Protection Insurance may be cancelled 30 days after the start of cover giving at least 30 days notice to the end of the month. Notification in writing must also be sent to the address mentioned above.

The premium for your Payment Protection Insurance is charged on the basis of your monthly financing or leasing payment. You pay your insurance premium along with your monthly financing or leasing payment.

Sample calculation for Payment Protection Insurance for a cash loan of CHF 25'000:
Monthly financing payment: CHF 650.-
Payment Protection Insurance: CHF 50.90 (7.829% of financing payment)
Total monthly payment: CHF 700.90