26.04.2012
Millennium Leasing launches lease payment insurance
As of April, Millennium Leasing, in cooperation with MetLife Amplico, offers lease payment insurance under the name of Millennium CPI.
Lease payment insurance is a guarantee that payments under financial liabilities are paid continuously in the event of unforeseen accidents, which prevent the Customer to make payments under a leasing contract. In this way the lessee, his/her family or business partners are protected from the financial implications of such events as: permanent inability to work, stay in hospital or death.
Millennium Leasing is expanding its range of insurance to give Customers a sense of security when handling the leasing agreement. This is why we have partnered with one of life insurance leaders MetLife Amplico, together developing a simple and attractively priced group life insurance product - says Piotr Gąska from the Millennium Leasing Products Management Department. If an insured event occurs the Customer will have the certainty that his lease payments will continue uninterrupted - he adds.
Customer benefits include:
Millennium Leasing is expanding its range of insurance to give Customers a sense of security when handling the leasing agreement. This is why we have partnered with one of life insurance leaders MetLife Amplico, together developing a simple and attractively priced group life insurance product - says Piotr Gąska from the Millennium Leasing Products Management Department. If an insured event occurs the Customer will have the certainty that his lease payments will continue uninterrupted - he adds.
Customer benefits include:
- Payment of net lease payments remaining until the end of the agreement as well as residual value (the amount, for which the leased asset may be bought after the lease agreement has ended) - in case of permanent inability of the insured to work or in case of his/her death;
- Payment of up to 6 monthly lease instalments net - in case of a stay in hospital of the person insured in result of an illness or accidental injury.
The lease payment insurance also involves minimum formalities - as opposed to other such products the Customer will only sign a declaration of taking out the insurance. The maximum benefit under this product may be PLN 600,000.