Cap Découvert 
 

 Cap Découvert 

cap decouvert 

Bank overdraft! No need to worry; just consider a life insurance program.

 

Do not place your debts load on your family’s budget in case of accident (death or disability); plan ahead with CAP DECOUVERT life insurance.

CAP DECOUVERT is a life insurance contract subscribed with SOGECAP LIBAN.
Simple coverage for your peace of mind 

 

  • In the event of death of the insured: 
    • In case of a bank overdraft: the bank covers its dues and the remaining  amount is paid to the beneficiaries
    • In case of no bank overdraft: the guaranteed capital is fully paid to the beneficiaries
  • In the event of total and permanent disability of the insured from any cause: 
    • In case of a bank overdraft: the bank covers its dues and the remaining amount is paid to the insured
    • In case of no bank overdraft: the guaranteed capital is fully paid to the insured

 

  • The guaranteed capital varies between USD 5,000 and USD 300,000 according to the authorized overdraft. 
    More info

    • Premium depends on the age of the insured, on the guaranteed capital and the duration of the contract
    • Insurance duration is based on:
      • Bank overdraft duration
      • Insured age should not exceed 65 years upon maturity of bank overdraft
 
 

© SGBL 2011 netways
List of banks N° 19, Decree N° 2496, dated 13/08/1953