Death, disability, incapacity to work: borrower insurance takes over your monthly payments so your project never becomes a burden.
Death, disability, incapacity to work: these unexpected events never give warning. With Lendovia's borrower insurance, your monthly payments are covered for as long as needed, so your project stays yours, whatever happens.
When you take out a loan, you commit to repaying it over several months, sometimes several years. Borrower insurance is designed to take over your repayments if a life event — accident, serious illness, loss of autonomy — prevented you from continuing to meet your monthly payments. It protects both your budget and, in the event of death, your loved ones or co-borrowers, who would then no longer have to cover the remaining loan balance.
Unlike the borrower insurance required for a mortgage, it remains optional for a Lendovia consumer loan — but it's offered with every application, with no medical formalities for the vast majority of profiles, and its cost is clearly stated before signing.
Why Lendovia
For the vast majority of profiles, no health questionnaire is needed to subscribe.
The monthly cost of the insurance is shown next to your monthly payment, before any signature.
Since the 2022 Lemoine law, you can cancel and switch borrower insurance at any time.
You can subscribe to Lendovia's insurance or use insurance delegation with the provider of your choice.
How it works
When applying for your loan, tick the borrower insurance option at the dedicated step of the form.
The monthly cost and details of the Death, PTIA and ITT guarantees appear before your contract is signed.
The insurance takes effect as soon as the funds are released. You can cancel it at any time from your client area.
To understand it all
Optional but often valuable: here's what it actually covers and how it works.
Death: the remaining capital owed is fully repaid to the insurer, your loved ones or co-borrowers have nothing to cover. PTIA (Total and Irreversible Loss of Autonomy): the same coverage in the event of total disability permanently preventing any activity. ITT (Temporary Incapacity to Work): your monthly payments are covered during your work leave, after a contractual excess period.
The monthly cost of borrower insurance is expressed as a percentage of the capital borrowed (around 0.30% per month at Lendovia) and is added to your monthly loan payment. It mainly depends on your age and the amount borrowed. An Annual Effective Insurance Rate (TAEA) is communicated to you separately from the loan's APR, to clearly distinguish the two costs.
The insurance offered by Lendovia when you apply is group insurance, pooled among all borrowers. However, you're never obliged to accept it: the law allows you to use insurance delegation, meaning you can take out an equivalent contract with the insurer of your choice, provided it offers a comparable level of coverage.
Since 1 June 2022, the Lemoine law allows you to cancel your borrower insurance at any time, with no penalty, and replace it with a better-suited or less costly contract — even several years after signing your loan. A simple notice is enough, with no need to wait for the contract's anniversary date.
For the vast majority of profiles borrowing under a consumer loan, no medical formalities are requested: your enrolment is automatic. A health questionnaire may nonetheless be required beyond certain amounts or ages, in accordance with the AERAS convention, which facilitates access to insurance for people with an increased health risk.
Unlike a mortgage where insurance is almost always required by the lender, it remains legally optional for a Lendovia consumer loan. It nonetheless remains concrete protection: without it, a life accident would leave you solely responsible for fully repaying the remaining capital owed.
Frequently asked questions
No, for a Lendovia consumer loan, borrower insurance is optional. It's systematically offered when you apply, with details of the guarantees and cost, but you can decline it.
The contract covers death, total and irreversible loss of autonomy (PTIA), and temporary incapacity to work (ITT). A job loss option is available as an add-on for permanent employees.
The indicative cost is around 0.30% of the capital borrowed per month, added to your loan's monthly payment. The exact amount is calculated and displayed when you apply, before any signature.
For the vast majority of profiles and amounts borrowed, no medical formalities are required. Beyond certain age or amount thresholds, a simplified questionnaire may be requested, in accordance with the AERAS convention.
Yes. Since the Lemoine law of 1 June 2022, you can cancel your borrower insurance at any time, with no penalty, and replace it with an equivalent contract with the insurer of your choice.
Yes, this is called insurance delegation. You can take out a contract with the insurer of your choice, provided it offers a level of coverage equivalent to that offered by Lendovia.