A payment insurance can cover payment of your credit card invoice if you should be victim of sick leave or unemployment.
The premium is paid on a monthly basis and is reported on each invoice (the charge is not deductible). The insurance can be applied for if you are holder of the main card and you are between 18 and 63 years old (valid until the month of your 65th birthday).
Below you can find an excerpt from the insurance terms. For a complete overview, see the Terms and Condition. If nothing else is stated, a receipt needs to be presented for compensation to be made.The insurance may cover:
- unemployment for more than 30 days, with up to DKK 100,000 per incident
- sick leave for more than 30 days
- incapacity can be compensated with up to DKK 100,000 per incident
- critical illness/death with a one time compensation of up to DKK 100,000
This is a translation from Danish to English of the Terms and Conditions. In the event of a dispute regarding the content and/or interpretation of these Terms and Conditions, the original Danish wording shall always prevail.