PAYMENT PROTECTION INSURANCE
YOUR BENEFITS
In the event of involuntary loss of employment, incapacity to work, disability or death, Cornèrcard covers the outstanding balance.
You do not need to dip into your savings in financial emergencies – instead, the insurance will support you.
The premium of 0.49% for the outstanding balance is debited directly from your card and clearly listed on the next monthly statement.
PAYMENT PROTECTION INSURANCE AT A GLANCE
INSURANCE COVERAGE:
- Involuntary loss of employment for more than 60 consecutive days
- Temporary total incapacity to work, disability or death (as a result of illness or accident) for more than 60 consecutive days
AMOUNT INSURED:
- Up to CHF 10,000 per claim with Cornèrcard Classic cards
- Up to CHF 15,000 per claim with Cornèrcard Gold cards (CHF 40,000 in the event of death)
INSURED PERSONS:
- Persons aged between 18 and 62 years
- Residence in Switzerland and the Principality of Liechtenstein
Available with several cards including
Cornèrcard Classic
- CHF 100 as welcome gift
- 0.5% cashback
- Instalment payment option
Cornèrcard Gold
- 2% Cashback
- Travel insurance included
- Higher insurance coverage
DO YOU HAVE ANY QUESTIONS?
YOU CAN FIND THE ANSWERS TO FREQUENTLY ASKED QUESTIONS IN THE HELP CENTER.
PAYMENT PROTECTION INSURANCE WITH CORNÈRCARD
Payment protection insurance covers your outstanding balance in emergency situations. If there is no outstanding amount, you will not pay a premium.
You are insured
All holders of a principal or additional Cornèrcard for which payment protection insurance has been taken out are insured.
Anywhere in the world
Cornèrcard’s payment protection insurance is valid worldwide. Incapacity to work or disability must be established by a physician licensed to practice in Switzerland.
Start and end
The payment protection insurance is valid from the date of the confirmation letter from Cornèrcard. The insurance coverage ends when the credit card expires.
With regard to the risk of death, the insurance is valid until the holder’s 75th birthday. For the risks of incapacity to work, disability and unemployment, the insurance is valid until the holder’s 65th birthday.
Insurance coverage for involuntary loss of employment begins after a waiting period of 60 days from the start of insurance.
Cornèrcard is part of the Cornèr Group.
