Goodbye health questionnaire? Credit Mutual’s masterstroke that changes everything for borrowers!
Eighteen months after the adoption of the revolutionary law, by partially eliminating the health questionnaire in borrower insurance, Credit Mutual stands out as a precursor to this criterion. The Financial Sector Advisory Committee (CCSF) recently published a report highlighting the importance of this progress against health discrimination. This amendment was almost approved 25% of new borrowers in France To benefit from loan insurance without medical preference, thus facilitating access to property.
Credit Mutual: A major player in inclusion
In addition to the legal provisions, Crédit Mutuel has put in place a special system for its loyal customers, especially with regard to the purchase of their main residence. This initiative goes beyond the legal requirements, by offering Broader pooling of risks For the benefit of patients and former patients. This approach reflects Credit Mutual’s commitment to providing greater security 50% of the principal residence insurance contract This step is beneficial.
Risk of exclusion and price discrimination
However, the CCSF report shows that certain players in the sector are implementing practices against the spirit of the law. These practices include excluding certain pre-existing pathologies and price discrimination between contracts with and without medical selection. These actions threaten the sustainability of loan insurance without medical choice and create risk “Two-Speed Market”Thus patients and ex-patients are disadvantaged.
Call for more universal insurance
In the face of current economic and health challenges, Nicolas Thery, president of the Credit Mutual Alliance Federal, underscores the importance of building a more united world. As the first mission-driven business bank, Credit Mutual pioneered the removal of health questionnaires for real estate loans for most of its loyal customers. This choice is reinforced by the conclusions of the CCSF report, which confirms the relevance of this approach.
A more inclusive initiative
Daniel Ball, managing director of Credit Mutual Alliance Federal, emphasizes the enhanced protection afforded to patients and former patients thanks to the actions of Credit Mutual and Credit Mutual Insurance. By offering more advantageous terms than those proposed by law, Credit Mutual and CIC position themselves as key players in the creation of universal insurance.
Credit Mutual’s initiative regarding borrower insurance without a health questionnaire represents an important step towards greater financial and social inclusion. This profound transformation in the insurance sector proves that reconciliation of profitability and social responsibility is possible, paving the way for more equal and inclusive transactions in the financial world.
