Insurance Products




Citi Insurance
of a credit card holder
against personal accidents and illnesses


Citi Insurance of a credit card holder against personal accidents and illnesses, offered by ÎÎÎ «Strakhovaya Kompaniya CIV Life» for Citibank clients, lets you feel confident about the future shifting responsibility for your credit card payments to an insurance company in case of an accident or illness. In case of an accident or illness, an insurance company will undertake to pay off the principal debt on your credit card.

Participation in an insurance program is voluntary. Insured status has no effect on the Bank’s decision to issue a credit card or on credit limit levels.


Program advantages:


  • Insurance compensation of 0.333% of the principal credit card debt as of the occurrence of an insurance case for each day of temporary disability starting from the 31st day of continuous disability resulting from an accident or illness. Monthly repayment cannot exceed 10% of the average amount of your principal credit card debt for the last three months as of the date the credit card statement is issued.
  • Repayment of 100% of your principal credit card debt (within the amount insured*) as of the date of establishing permanent total disability resulting from an accident or illness.
  • Repayment of 100% of your principal credit card debt (within the amount insured*) as of the date of a card holder’s death resulting from an accident or illness.

To learn more about terms, exceptions and documents required for repayment please see the Memo for an Insured Person of ÎÎÎ «Strakhovaya Kompaniya CIV Life». Details for clients who have applied for the insurance program prior to March 6, 2008 can be found in the Memo for an Insured Person of OJSC ROSNO.


Program terms


Citibank clients between 20 and 60 years of age who are Citibank credit card holders are eligible for the program.

The insurance program comes into effect from the 1st day of the month following the month of the first writing off and remains valid until expiration of the agreement with ZAO Citibank, provided that payments are duly made. If no insurance fee is charged (and in the event that a principal credit card debt exists), the program becomes invalid since the 1st day of the month following the month when the participation fee was not charged. A client has no insurance policy/certificate, since it is Citibank that concludes the insurance contract and is the Insurant. The insurance program terms are presented in the Memo for an Insured Person of ÎÎÎ «Strakhovaya Kompaniya CIV Life», Memo for an Insured Person of OJSC ROSNO.


Cost


The monthly fee for participation in the insurance program is 0.79% of the principal debt as of the date of statement issue, and is deducted automatically from the client's account. If the principal credit card debt is zero as of the date of statement issue, the fee is not deducted. Under special offer terms, Citibank reimburses your expenses for the 1st month of participation in the program.


Example of program fees calculation


Credit card statement  
Credit card limit RUB 50,000
Debt as of the date of statement issue RUB 40,000
Minimum monthly contribution RUB 2,000
Insurance coverage  
Insured amount as of the occurrence of the insured accident RUB 40,000
Repayment of debt in case of death RUB 40,000
Repayment of debt in case of permanent total disability RUB 40,000
Repayment in case of temporary disability for 60 days with an average debt of RUB 40,000 for the past 3 months RUB 4,000
Cost  
The program participation fee with a debt of RUB 40,000 will be only RUB 316


How to apply for a program

You can apply for the insurance program in any Citibank branch.


How to get more information about programs

Please, call our 24-hour CitiPhone Banking operator by the following round-the-clock phone numbers:
+7 (495) 775-75-75 in Moscow,
+7 (812) 336-75-75 in Saint-Petersburg,
  8 (800) 700-38-38 in other cities and towns of Russia

and obtain information on access to an insurance service.

* The amount of insurance coverage depends on your principal credit card debt of up to RUB 600,000. The insurance settlement is used to pay off your principal credit card debt. Insurance settlements on all insured events are made within the specified insured amount upon receipt of all required documents and an affirmative decision by the Insurer. The insurance settlement is paid irrespective of any other insurance programs and benefits.

"Citi Insurance of a credit card holder against personal accidents and illnesses" is offered by ÎÎÎ "Strakhovaya Kompaniya CIV Life" (license Ñ No. 410577, issued by the Federal Service for Insurance Supervision on December 29, 2007). ZAO Citibank, Citigroup, Inc. and its other affiliated persons, state authorities, and the Russian Federation are not responsible for CiV Life Insurance Co. Ltd fulfillment of its obligations as per the insurance agreement and the insurance program. This insurance cannot be considered investment insurance and does not provide for a refund of program participation fees for the past insurance period. If an insured person decides to cancel the program during the first 30 days of the insurance program period (if no insurance case has occurred), the program participation fee is not charged or is subject to refund (in case it was paid).