The object of insurance in this case will be the property interests of individuals that are not inconsistent with legislation of the Republic of Uzbekistan, connected with risk of partial or full non-repayment of the overdraft by the established terms provided in overdraft agreement.

 

Risks

The insured event in this case is the occurred event that caused the losses to the beneficiary as a result of non-repayment by SONR (Submitted overdraft non-return risk) insurance holder of the next installment payment of the used overdraft after the waiting period stipulated by the contract, in connection with which the insurer’s duty arises to pay insurance indemnity to the Beneficiary.

 

The insurance amount (liability)

By the agreement of parties

 

 

Insurance tariff

Starting from 1% to 3% of the insured amount depending on the degree of risk

 

 

Terms of Payment of Insurance premiums:

Lump-sum

Quarterly

 

The aformentioned proposal is considered as preliminary and the conditions set forth in it are subject to change.