Insights

With the recent ruling dated February 24, 2022, the Court of Justice has once again expressed its opinion in relation to unit-linked life insurance policies and, in particular, clarifies the scope of the pre-contractual information disclosure obligation, especially in the case of collective contracts. The ruling addresses the cases of certain Polish consumers who - after subscribing between 2010-2011 to a unit-linked product stipulated by a third-party assurance undertaking - suffered significant losses of the invested capital following the decrease in the value of the units linked to this product and, therefore, brought an action seeking the recovery of the premiums paid, claiming a lack of pre-contractual information.