It is best to arrange Payment Protection Insurance Plus together with your 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 Plus 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 and you will also receive a cash sum of CHF 500. The monthly payments will be made directly to Cembra to cover your current leasing or credit agreement. The additional cash sum of CHF 500 will be transferred to an account of your choice. 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.

Yes, this is possible at any time. Simply call us on 0800 814 800 or visit one of our branches.

You can write to us to cancel Payment Protection Insurance Plus free of charge within 30 days of the start of insurance cover. Please send your cancellation directly to Cembra Money Bank AG, Bändliweg 20, 8048 Zurich, Switzerland.
Payment Protection Insurance Plus 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 Plus is charged on the basis of your monthly financing payment and the cash sum insured. You pay your insurance premium along with your monthly financing payment.

Sample calculation for Payment Protection Insurance Plus for a cash loan of CHF 25,000:
Monthly financing payment: CHF 650.-
Payment Protection Insurance Plus: CHF 75.90 (CHF 42.90 (6.6% of the financing payment) plus CHF 33 (6.6% of the insured cash sum of CHF 500))
Total monthly payment: CHF 725.90