If you requested the loan MultiRed classic, study, debt purchase or payroll discount to National bankbut you have difficulty paying it, the bank offers protected installment insurance, which covers up to 8 installments of your loan.
However, it is only activated in certain scenarios: involuntary unemployment, temporary disability and hospitalization due to an accident. Below, we explain all the requirements, amounts and types of cases it covers, so that you can go to Banco de la Nación and request it.
Banco de la Nación pays part of your debt: what is protected rate insurance?
He National bankin collaboration with La Positiva, offers a protected rate insurance exclusive for MultiRed loans. This insurance is designed to protect clients in cases of temporary disability, involuntary unemployment and hospitalization due to accident. The insurance premium is 1.161% of the loan amount, including VAT.
The protected installment insurance coverage guarantees that, in the event that the loan holder is unable to meet his payment obligations due to unexpected circumstances, Banco de la Nación will cover up to 8 installments of the loan. In addition, if the loan is cancelled early, the unused premium will be returned proportionally.
In which cases can Banco de la Nación insurance be activated?
Banco de la Nación’s protected rate insurance is activated in the following situations:
- Involuntary unemployment:
- Coverage: up to 8 loan installments or the outstanding balance, whichever is less.
- Requirements: 6 months of seniority and 30-day waiting period.
- Conditions: minimum age of 18 years and maximum of 69 years and 364 days.
- Temporary disability:
- Coverage: up to 8 loan installments.
- Requirements: 30-day waiting period.
- Conditions: minimum age of 18 years and maximum of 69 years and 364 days.
- Hospitalization due to accident:
- Coverage: up to 6 loan installments.
- Conditions: minimum age of 18 years and maximum of 84 years and 364 days.
In addition, the insurance includes additional coverage for the first diagnosis of serious illnesses and total permanent disability due to an accident, with insured amounts of up to 8 loan installments and specific conditions depending on the type of coverage.
BN protected quota insurance: what are the requirements?
To access Banco de la Nación’s protected rate insurance, it is necessary to meet the following requirements:
- Documentation: possess a MultiRed Debit Card and present the National Identity Document (DNI), foreigner’s card or identity card for foreigners.
- Age: Insurance is available to people between 18 and 69 years old for most coverages, and up to 84 years old for accident hospitalization coverage.
How to apply for Banco de la Nación insurance?
The process to apply for Banco de la Nación’s protected rate insurance is simple and consists of three steps:
- Go to the bank: visit the Banco de la Nación branch closest to your home, whether in Metropolitan Lima or in the provinces, during established business hours.
- Apply for insurance: When applying for your MultiRed loan, present the necessary requirements and request membership in the protected rate insurance.
- Sign the contract: the bank staff will provide you with the contractual documents that you must sign to formalize obtaining the insurance.
For more information, customers can contact (01) 616 4502 in Lima or 0 800 00563 in the provinces, available 24 hours a day.
Source: Larepublica

Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.