The object of insurance in this case will be the property interests of the policyholder that are not inconsistent with the legislation of the Republic of Uzbekistan provided for the Loan agreement and violation owing to the failure of borrower to fulfill its obligations to the insured in return.
The insured event in this case will be occurred event that caused the damage to the beneficiary as a result of the borrower’s inability to fulfill the obligations for repayment of the loan in accordance with the terms and rights of loan agreement after the waiting period provided by the contract terms, in connection with which the duty of insurer to pay the insurance compensation to beneficiary.
The insurance amount (liability)
By the agreement of parties
Starting from 1% to 3% of the insured amount depending on the degree of risk
Terms of Payment of Insurance premiums:
The aformentioned proposal is considered as preliminary and the conditions set forth in it are subject to change.