The first thing to remember is that there is no legal requirement to provide consumer credit or any other type of loan. Nevertheless, the bank requires most of the time that the borrower subscribe to guarantees against health risks. This is his strictest right and it is also your interest. In this case, the health questionnaire is required .
From what amount is it compulsory?
Let’s be clear: the obligation does not arise from the choice of the bank but from the insurer, which may be an independent company of the bank in which you take out the loan or one of its subsidiaries, which is often the case. The amount of consumer credit does not come into line at all.
Whether the sum of € 150 or € 75,000 ( maximum amount of consumer loans ) will change nothing, as well as the purpose of financing. You will have the same obligations as you seek to change your car or need cash.
If the questionnaire is made mandatory as part of a CC Credit, it is simply because the insurer provides guarantees and presents a rate based on the state of health of the insured. The calculations made by the actuaries of the insurance companies are based on life tables and regularly updated statistics on the risks of invalidity or work stoppage.
- Learn more about health benefits
On the basis of the answers provided to the health questionnaire and in the case where the borrower presents proven health risks, the insurer may rule in three ways:
- Refuse the file
- Propose a premium increase
- To propose a limit of the guarantees with the most often exclusions in connection with the origin of the health problems of the insured.
There are contracts without any medical formality but they do not apply to loans. You can read our file on loans without compulsory insurance.
What questions can the insurer ask?
Each insurance company has its own requirements and the health documents vary from one insurer to another. To put it simply, let’s say there are three types of questionnaires:
- Simplified : it brings together five to six general questions about your state of health. If you answer negatively to each of them, you will soon be done with the medical formalities.
- Full : This intermediate document is often requested for significant amounts. It is more complete and can include up to twenty questions.
- The medical report : depending on the nature of the declared diseases or if you have had surgery, the insurer may request a report from a health professional (usually your doctor).
In some more serious cases, the insurance company may require additional examinations (blood tests, electrocardiograms etc.). Our advice,If you have aggravated health risks, do not give up your consumer credit because the insurer requires a health questionnaire. The AERAS agreement obliges your banker to find an alternative to the borrower insurance contract if this one is refused to you.