Instalment protection insurance for your loan
eny Credit Insurance is an optional instalment protection insurance for your loan. It covers the monthly instalments in the event of involuntary unemployment or incapacity to work, and the outstanding loan balance in the event of serious illness or incapacity to earn a living. A balance of up to CHF 80,000 can be insured with a minimum term of 12 months.
The insurance is optional. It does not influence the credit decision. Whether you take it out is your decision, independent of the loan.
What the insurance covers
| Event | Benefit | Scope |
|---|---|---|
| Involuntary unemployment | monthly instalments | max. 3 claims of 12 monthly instalments each over the whole term |
| Incapacity to work, e.g. due to illness or accident | monthly instalments | max. 3 claims of 12 monthly instalments each over the whole term |
| Serious illness | outstanding loan balance | up to CHF 80,000 |
| Incapacity to earn a living | outstanding loan balance | up to CHF 80,000 |
“Involuntary” means: you lose your job without having contributed to it yourself.
Framework conditions
| Minimum term | 12 months |
| Maximum insured loan balance | CHF 80,000 |
| Start of cover | date of the insurance confirmation |
| Qualifying period, incapacity to work | 30 days |
| Qualifying period, unemployment | 60 days |
| Waiting period in the event of a claim | 30 days for incapacity to work, unemployment and complete incapacity to earn a living |
| Waiting period for serious illness | 180 days |
Qualifying period means: in this time after the start of the agreement, there is not yet any cover. Waiting period means: from the occurrence of the event, this time passes before a benefit is paid.
The terms in detail
Incapacity to work is temporary, for example due to an illness or an accident. In the event of a claim, a doctor must establish and confirm the incapacity to work.
Incapacity to earn a living corresponds to disability. In the event of a claim it must amount to at least 70 percent, be confirmed by two doctors and be established, in the final instance, by the disability insurance.
Serious illness includes heart attack, stroke with permanent effects, serious cancer, irreversible kidney failure and major organ transplants in which the insured person is the recipient of the organ.
What instalment protection insurance costs
The premium is charged as a surcharge on the monthly instalment. It is therefore part of the instalment you see in the calculator as soon as you select instalment protection insurance.
| Example: CHF 35,000 over 60 months, 4.90 % annual percentage rate | |
|---|---|
| Monthly instalment without instalment protection insurance | CHF 657.18 |
| Monthly instalment with instalment protection insurance | CHF 706.47 |
| Surcharge per month | CHF 49.29 |
| Cost over the whole term | CHF 2,957.33 |
Example at the best creditworthiness. The rate depending on creditworthiness is usually higher; your individual offer is decisive.
The surcharge is based on your monthly instalment. For your desired amount you see the figure directly in the loan calculator.
When it is worth considering the insurance
- Your income alone supports the household.
- You have no reserve, or only a small one, for several monthly instalments.
- Your employment is fixed-term or in a sector with frequent fluctuations.
- The term is long; more changes over ten years than over two.
Decide when concluding the agreement
Instalment protection insurance can be included only when the loan agreement is concluded. Joining afterwards during the term is not possible. So think it over before signing — not afterwards.
What to check before concluding
- Does an existing insurance policy or an arrangement with your employer already cover loss of earnings?
- How long could you carry the instalments from a reserve?
- Does the instalment with the surcharge still fit your budget? Factor the premium into your budget, not alongside it.
- How long does the loan run? More changes over ten years than over two.
Instalment protection insurance is a standalone product alongside the loan. It is not a requirement for approval, and waiving it does not affect your interest rate. The complete terms, exclusions and premiums are provided with the contract documents. Read them before you sign — in particular the exclusions.
Frequently asked questions
Is instalment protection insurance mandatory?
No. It is optional and has no bearing on whether your loan application is approved. You can take out the loan without insurance.
What does instalment protection insurance cost?
The premium is charged as a surcharge on the monthly instalment and is included in the disclosed instalment. For the representative example of CHF 35,000 over 60 months at 4.90 % annual percentage rate, the monthly instalment rises from CHF 657.18 to CHF 706.47, i.e. by CHF 49.29 per month. Over the whole term this amounts to CHF 2,957.33. The example applies at the best creditworthiness; the rate depending on creditworthiness is usually higher, and your individual offer is decisive. In the loan calculator you see the amount for your desired sum as soon as you select instalment protection insurance.
What is insured?
In the event of involuntary unemployment and incapacity to work, the monthly instalments are covered, up to a maximum of three claims of twelve monthly instalments each over the whole term. In the event of serious illness and incapacity to earn a living, the outstanding loan balance is covered.
What is the maximum insured amount?
The maximum insured loan balance is CHF 80,000.
From when does the cover apply?
From the date of the insurance confirmation, with a qualifying period of 30 days for incapacity to work and 60 days for unemployment.
How long does it take until the first benefit?
In the event of a claim, a waiting period of 30 days applies for incapacity to work, unemployment and complete incapacity to earn a living, and 180 days for serious illness.
What counts as a serious illness?
Heart attack, stroke with permanent effects, serious cancer, irreversible kidney failure and major organ transplant in which the insured person is the recipient of the organ.
What is the difference between incapacity to work and incapacity to earn a living?
Incapacity to work is temporary, for example due to illness or an accident, and is established by a doctor. Incapacity to earn a living corresponds to disability, must amount to at least 70 percent, be confirmed by two doctors and be established, in the final instance, by the disability insurance.
Can I add the insurance later?
No. Instalment protection insurance can only be included when the loan agreement is concluded. Joining afterwards during the term is not possible.
Publisher: eny Finance AG, Zürich · Last updated: 06.08.2026
eny Finance AG, eny Credit Insurance — Produktangaben Stand 30.07.2026