Home  Journals  Finance and Credit  45(429) - 2010 December

Personal insurance of the borrower as the instrument of a credit policy of bank

Available online: 3 December 2010

Subject Heading: Banking

JEL Classification: 

Crediting of individuals is one of the most risky type of bank activities. In case of sudden death of borrower or permanent loss of the ability to work bank will not be able to return all of loan in time even in a judicial process because of existent legislative limitations. In the present work the algorithm of collaboration of bank, borrower and insurer is offered. This algorithm allows to provide timely debt liquidation on legal grounds in case of force-majeure circumstances in the life of a borrower.

Keywords: borrower, consumer credit, personal insurance, credit policy, minimization of risk

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4 April 2024

Archive