September 17, 2019

17 September 2019

The world leader in creditor insurance[1], BNP Paribas Cardif has innovated and expanded its offering with a new mortgage insurance policy available to the largest possible number of people. Cardif Libertés Emprunteur is flexible, easy to subscribe and also available to vulnerable borrowers, allowing them to serenely pursue property acquisition plans.


A simple, flexible product offering insurance cover tailored to client needs 

Mortgage insurance guarantees repayment of a loan in the event of death, disability, work disability and/or loss of employment. If the borrower suffers one of these adverse events the insurer repays the outstanding loan amount, either completely or partially, depending on the terms of the cover subscribed.

Cardif Libertés Emprunteur allows policyholders to adjust the cover of their contract to their specific situation and needs:

  •       Policyholders are free to choose the cover matched to their profile, their needs and the requirements of the bank providing the mortgage.

  •       They can choose between paying a fixed or variable insurance fee each month to add protection, since fixed-rate fees are one of the new options included in this mortgage insurance offer. 


A more fluid digital subscription experience for clients 

Subscription of mortgage insurance is generally done towards the end of the property acquisition process. It is therefore important that taking out this insurance be as simple and rapid as possible to enable people to finalize the acquisition of their property with complete serenity.

The Cardif Libertés Emprunteur Passport enables clients to anticipate their mortgage insurance even before they find a property or obtain a bank loan. The insurance proposal is now valid for 12 months, compared with 4 months previously.

The insurance subscription process is facilitated because it is 100% digital. Future clients simply provide their health data online with complete confidentiality, and finalize their subscription using an electronic signature. In addition, policyholders under the age of 46 who take out a loan up to the new ceiling of 600,000 euros[2] are, depending on their health, simply asked to complete a basic health questionnaire online.

This streamlined digital pathway is designed to enable 90% of clients who choose Cardif Libertés Emprunteur to receive an immediate decision online.


Facilitating access to insurance 

Within the framework of its Corporate Social Responsibility (CSR) policy, BNP Paribas Cardif is committed to increasing the positive impact of its products and services, in particular by making insurance available to the largest possible number of people. 

Ten years ago, BNP Paribas Cardif became one of the first insurers in France to facilitate the terms and conditions for obtaining creditor insurance for people suffering from certain pathologies such as asthma, paraplegia or coronary diseases. Taking into account medical advances and improved treatment strategies over the years, BNP Paribas Cardif proposes insurance cover and rate structures that are better adapted to the actual situations of people who suffer from these pathologies.

Cardif Libertés Emprunteur is now offering insurance cover and adjusted rate scales for four additional pathologies:

  •       Parkinson’s disease[3],

  •       obesity[4],

  •       gestational diabetes[5],

  •       psychological problems related to a traumatic event (aggression, separation or divorce, spousal violence, terrorist attack, etc.).

By proposing insurance terms that are better aligned with the actual situation of clients affected by these pathologies, BNP Paribas Cardif makes it easier for them to become homeowners and realize their plans.

Download the press release


[1] Source: Finaccord - 2018

[2] Total amount covered by Cardif for one or more properties for the same policyholder

[3] Parkinson’s disease is the second most prevalent neurodegenerative disease in France. Each year 8,000 new cases are diagnosed in France (INSERM/2015). 200,000 people suffer from this pathology in France (source: French Health Ministry / 2015).

[4] 10 million people suffer from obesity in France (AMELI / 2015)

[5] Gestational diabetes affects one out of ten pregnant women in France (CEED Center for Diabetes Studies / 2012)