Many Poles who own or repay loans do not realize that their contracts may cover money that they legally owe. We are talking about the reimbursement of life insurance contributions, which were a mandatory component in making liabilities, especially mortgages. In 2025 recovery even a fewer 1000 zlotys It can be simpler than always before. Just 1 well-prepared application to run a procedure that can importantly power the home budget. This is not a "promotion" but a real consumer right resulting from government and court case law.
The problem concerns mainly insurance contracts which were imposed on customers by banks as a condition for granting credit. frequently contributions were collected in advance in a fewer years and the policy terms were unfavourable or inadequate to the needs of the client. Financial experts and lawyers have been stressing for years that many of these practices have been marked by abuse clauses. Now, thanks to increasing consumer awareness and the support of institutions specified as the Financial Ombudsman, recovery of these funds is at hand.
Where does that money come from? ‘hidden’ credit charges mechanism
The origin of possible return is the money paid for life insurance or low own contribution insurance (UNWW)which banks were obliged to join credit agreements. This mechanics was to theoretically safe the bank in the event of the borrower's death or insufficient own contribution. In practice, however, this frequently led to pathologies in which the bank was the main beneficiary and the client was suffering disproportionately advanced costs.
The main problems with these policies are:
- No freedom of choice: The client was forced to take advantage of the offer of an insurer associated with the bank, frequently much more costly than marketplace alternatives.
- Collection of contributions in advance: Banks frequently charged a premium for the full insurance period (e.g. 3-5 years) in advance, adding it to the debt amount, which further increased interest costs.
- Unfavourable conditions: The policies frequently included many exemptions, and their construction made it a bank, not the borrower's family, the main 1 with the policy.
In the case of early repayment of the debt or cancellation of the insurance, banks frequently “forgotten” the reimbursement of the unused part of the contribution. It is these measures, along with interest, that form the basis for claims. The law stands on the side of a consumer who should not pay for insurance protection he no longer uses.
Who can claim a refund? Check that you meet the conditions
A wide scope of borrowers may search reimbursement for life insurance or UNWWW. It doesn't substance if the debt is inactive being repaid or closed. It is crucial to analyse its situation against respective key criteria. See if your situation matches the description below.
You have a good chance of getting your money back if:
- You have a mortgage or cash credit agreement in the last 10 years (key is the limitation period for claims).
- The credit agreement was attached compulsory life insurance or insurance of low own contribution.
- The insurance premium has been downloaded in advance for respective years.
- Credit left paid before deadline specified in the contract.
- You did. overpayments of creditwhich has shortened the period of credit.
Even if your credit is inactive active, but the period for which you have paid the premium in advance has already passed, you may besides have a basis to claim any of the funds. It is crucial to carefully analyse the credit agreement and the insurance policy.
How do I get my money back step by step? Simple procedure in 2025
The process of recovering money doesn't should be complicated if we approach it methodically. By 2025 financial institutions are already much more aware of consumer rights, which frequently facilitates the amicable settlement of the matter. Here is simply a simplified action plan:
Step 1: Analysis of documents. Collect a credit agreement, repayment agenda and any insurance policy documents. Find records about the cost of insurance, its duration and how to collect the contribution.
Step 2: Submission of an application (advertisement) to the bank. Prepare an authoritative letter demanding that you return the unused part of the insurance premium. In the application, mention to the credit agreement number and indicate the basis of your claim (e.g. earlier repayment). Examples of specified writings can be found on the net or utilized by law firms.
Step 3: Waiting for an answer. The bank has 30 days to consider your complaint. In complex cases, this period may be extended to 60 days. In most cases, if the claim is justified, banks decide to reimburse the funds to avoid further proceedings.
Step 4: Follow-up in case of refusal. If the bank rejects your application, don't give up. You can ask for aid to Financial Ombudsmanto carry out the intervention procedure. The eventual is to mention the case to court where the chances of winning, with a well-documented claim, are very high.
How much can you number on and be careful of?
The amounts that can be recovered vary greatly and depend on the amount of contribution collected and the period by which insurance protection has been reduced. The most common fluctuations from respective 100 to even respective 1000 zlotys. In the case of mortgage loans for advanced amounts where contributions were collected for a period of 5 years in advance, the return can be truly crucial and constitute a powerful cash injection.
However, there are any crucial aspects to bear in mind. The key is limitation of claims, which is 6 years for contracts concluded after 9 July 2018 and 10 years for older ones. That's why it's not worth the delay. erstwhile examining the case, delight note whether the bank is trying to reduce the amount due or to offer an unfavourable settlement. In case of doubt, it is worth consulting an independent financial advisor or lawyer specialising in banking law.
In summary, thousands of PLN can wait for Polish borrowers to recover. Just a small commitment to check your papers and submit a appropriate application. In a time of advanced cost of life, all extra gold is worth the weight of the gold, and in this case we are talking about the money that you legally owe.
Read more:
Thousands of zlotys to be returned from life insurance. Just 1 application in 2025!
