When you get a loan, it is important to be able to repay your credit despite all the vagaries of life. The borrower may be subject to unemployment, work stoppage following an accident or illness. With payment insurance, whatever happens, you are financially protected!
Insurance of monthly payments to leave nothing to chance!
The unexpected is a part of life and it's important that you know what coverage you can have available for your needs. Although optional, monthly payment insurance is of capital importance, because it protects the borrower from possible upheavals such as incapacity for work following an illness or an accident and a case of unemployment for example. Your monthly credit payments are therefore taken care of according to the conditions of the contract.
What is the point of insuring your loan?
In the event of unemployment, if 70% of the last salary is legally insured, with a monthly income of CHF 5,000.- this represents a loss of CHF 1,500.- each month. However, the daily fixed costs remain unchanged! In the event of illness, the shortcomings may in some cases be greater and leave no margin to continue to honor the payment of his bills or his monthly credit payments.
Did you know that from CHF 1.- per day, it is possible to maintain your salary no matter what?
To know precisely the amount of your unemployment benefits, you can always perform a simulation on the UNIA website.
What is monthly payment insurance?
Also called PPI, payment insurance is an option available when you take out a loan. You are free to take out this monthly payment insurance or not. Be aware, however, that the monthly payment insurance will allow you to ensure the reimbursement of your credits with the support of your monthly payments in the event of a claim.
It should be noted that self-employed workers, cross-border workers and pensioners unfortunately cannot benefit from this insurance.
What if I already have credit but no monthly payment insurance?
Do not panic ! Lica offers you an exclusive solution that you can easily integrate into your budget and thus protect yourself financially.
You are free to start or cancel your monthly payment insurance contract at any time. Furthermore, our solution is not subject to a medical questionnaire. You can therefore enjoy excellent protection regardless of your current situation.
Monthly installment insurance is a good budget planning tip
Monthly payment insurance remains a crucial tool in planning your budget. Of course, this can represent a certain cost that you did not necessarily have to plan, however in the event of a disaster, you will be very happy to have subscribed to it.
How much does monthly payment insurance cost?
The insurance premium of course varies according to the amount you wish to insure (the indemnities). The monthly payment insurance starts with a premium of CHF 32.50 equivalent to an indemnity of CHF 500.- per month. For example, for a monthly indemnity of CHF 2,000.-, the premium will be CHF 130.-.
When taking out monthly payment insurance, you must first define the amount of your commitments in terms of borrowing. If you have a rent of CHF 1,500.- and a loan with a monthly installment of CHF 300.-, you should opt for an insured monthly allowance of CHF 1,800.-.
The good news is that with or without credit, you can take out unemployment insurance and guarantee your income in the event of involuntary job loss, illness or accident.

What are the conditions for benefiting from monthly insurance?
Monthly installment insurance is not just associated with credit. Everyone is therefore able to subscribe to it in order to secure their financial situation. To be able to benefit from this insurance, here are the points to note:
- You must have worked at least 30 hours per week during the last 12 months.
- During the last 12 months, you must not have exceeded 20 days of sick leave or accident
- You must also not be laid off or have knowledge of an upcoming layoff.
What happens if my credit contract is cancelled?
In Switzerland, you have the possibility to withdraw from a credit agreement under certain conditions. As this is a consumer credit, it could for example be canceled in the event of early repayment. For a mortgage loan, it could be canceled as part of the sale of the property. But then what happens to my insurance?
The great strength of the solution offered by Lica is that your contract is not directly linked to a loan. You are therefore free to cancel it at any time!
No commitment while enjoying maximum protection in the event of unemployment, illness or accident.
And in the event of death ...
The situation of the death is variable according to the type of loan and the commitments of each person. The personal estate situation should also be factored into this equation.
This aspect is therefore approached individually with your Lica advisor when taking out a loan. You can also call on our estate specialists who will answer all your questions free of charge.
Our conclusion on the insurance of the monthly payments
Our experience and our passion in the field of credit immediately oriented us towards payment protection solutions for our customers. Although very important, the implementation of a monthly payment insurance will depend on the personal situation of each one. That is why, Lica promotes in all cases a personalized approach to the issue of credit and insurance of monthly payments.
Before concluding your insurance, you should therefore invest a little time with your Lica advisor to take stock of the issue. Once the needs have been determined, it will then be very easy to make the right decision to protect yourself financially no matter what.
Now that you know how payment insurance works, all you have to do is apply. With Lica it's simple, fast and efficient! And yes, you make your request online in less than 2 minutes and then our specialized teams do the work for you. This saves you time and money!
Do you have questions before making your request? Our advisers are there to answer your questions 7 days a week. Ask us for more information and we will be happy to answer you.