At a glance
Mission & values
Press & Media
Business model
Ukrsotsbank Worldwide
Ukrsotsbank Factsheet
Support Print Add to bookmarks

GAP insurance from PJSC "Ukrsotsbank", UniCredit Bank™: simply about difficult choice


The insurance market of credit products, and namely movable property, is nowadays widely represented in Ukraine. When insurance case happens, the special payment programs under previously concluded insurance agreements are launched. These payments cover considerable part of initial car cost, but, unfortunately, not the major one and especially in cases of total destruction or theft.

It is a known fact that a car loses near 30% of its initial cost during first 3 years of maintenance. And insurance companies usually consider the car cost at the moment of insurance case subtracting 30% of assumed wear-out when they calculate payments under CASCO insurance (in case of total destruction or theft of the car). As a result, after paying franchise and other expenses, depending on insurance agreement terms, the client can receive a bit different sum than he/she counted for.

In a situation when consumer loses recently purchased car and insurance payment under CASCO is not enough to purchase the new one, it is worth appealing to the experience of foreign insurance and financial-crediting establishments, which could advise how to cover the missing sum.

Particularly the thing is about the new program of financial protection GAP (Guaranteed Asset Protection) for Ukrainian market - the service, introduced by PJSC “Ukrsotsbank”, UniCredit BankTM, jointly with JSC "IC "Cardif". Foreign market has been using this program for a long time and has already experienced all the benefits of such insurance.

“This is a new service, which hasn’t yet analogues in Ukraine, but which is very popular in many foreign countries. PJSC “Ukrsotsbank”, UniCredit BankTM, launched the program of financial protection Gap on 1 April together with its long-time and credible partner, insurance company “Cardif”, - commented Olga Shostak, Head of Savings & Payments Department of PJSC “Ukrsotsbank”, UniCredit BankTM.

GAP insurance is first of all a possibility to quickly recover usual living standard, protect budget, and provide consumers with comfort and guarantee of financial stability. The service is offered to the clients, who apply to PJSC “Ukrsotsbank” for a loan with the purpose of new car purchasing. The current program covers exceptionally the cases of total destruction or theft of a vehicle and is valid only upon availability of CASCO insurance, issued by the third insurance companies.

“If the car is involved into a road accident, in the result of which it gets totally destructed, or the vehicle is stolen, meaning that in any case the client has been left without a car, the GAP insurance is activated. It actually covers possible losses, when the primary insurance payment under CASCO agreement is not enough to reimburse the overall cost of a new vehicle in the mentioned cases. In fact GAP covers the spread between primary cost of a car and payment under CASCO, issued by another insurance company”, - said Olga Shostak.

As this service is unique for Ukraine’s market, PJSC “Ukrsotsbank”, which operates under the UniCredit Bank trade mark, held a thorough analysis of consumers’ mood and expectations before launching the new product. According to Olga Shostak, in the result of research it turned out that 42% of clients, who applied to PJSC “Ukrsotsbank” for a car loan and who were familiar with CASCO insurance and its specifics, got interested in GAP and were ready to buy it.

The price for GAP insurance is standard - 0,99% from the initial cost of the vehicle. The insurance agreement is provided for new cars and is valid worldwide during 12-60 months from the moment of purchase. The insurance amount corresponds to 20% of the initial cost of a car, but may not be more than EUR 10, 000. The obligatory term for payments under GAP program is availability of CASCO insurance agreement with the third insurance companies.

“The additional benefit of GAP service is the most simplified scheme of cooperation between the clients of PJSC “Ukrsotsbank”, UniCredit BankTM, and the insurance company “Cardif” when insurance case happens. IC “Cardif” is enough to see the fact of CASCO payments by another company in order to execute payments under the current program”, – the expert commented.

The Bank offers really innovative product for Ukraine’s market. This is the first insurance program in Ukraine allowing the client to receive almost full reimbursement of car cost in case of its loss. In reality the current product makes possible purchase of a new vehicle.

Please, visit one of PJSC "Ukrsotsbank" branches to receive more detailed information as to this insurance program or use the website page.



Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.

Social networks:


Press-service Ukrsotsbank

Phone: 0 800 3000 90

Branches & ATMs
0 800 3000 90 0 800 3000 90
0 800 3000 90 0 800 3000 90

Calls from fixed and mobile networks in Ukraine are free of charge.

Number to be used for calls from mobile number within Ukraine for Vodafone, Kyivstar, lifecell subscribers.

Rates according to tariff plan used by user.

The callback service for mobile calls.

International and domestic calls according to the tariffs of the operator.

Rates apply to the actual date of writing-off from the account and are close to the bank’s exchange rate while blocking the necessary amount at the time of the transaction fulfilment.
At first card account currency is stated, hereafter the settlement currency with payment system is indicated.
Service quality appraisal


Any questions, offers, comments?

We appreciate our cooperation with you. Please fill the feedback form bellow for sharing your suggestions , comments as well as ask us a question or call Contact-center of JSC "Ukrsotsbank" by number 0 800 5000 20 (landline calls within Ukraine are free).

I want to receive the information on new Bank’s services, promotion campaigns and prize drawings.

Required fields