Life insurance

By acquiring endowment insurance you are building capital. This capital can be paid out in case of death, but also on a predetermined date.

Temporary endowment insurance in case of death – Rate 20

The temporary endowment insurance covers the risk of death of the insured person. In case of death prior to the predetermined end date, the sum assured will be paid out to the beneficiary/beneficiaries. In case the insured person is still alive on the predetermined end date, the insurance will expire without payment of the sum assured.  

The sum assured is determined by the insured person himself/herself and based on the need and financial possibilities of the insured person.

Depending on the age of the insuree and the sum that will be assured, the insuree can be required to fill out a health certificate or undergo a medical examination. 

 

Combined Insurance – Rate 60

The Combined Insurance covers the risk of death of the insured person. In case of death prior to the predetermined end date, the profit calculated until the date of death is added to the sum assured and paid out to the beneficiary/beneficiaries. In case the insured person is still alive by the time of the end date, the sum assured plus the profit is paid out to the insured person himself/herself.

The sum assured is determined by the insured person himself/herself and based on the need and financial possibilities of the insuree. The sum assured is increased annually with a predetermined profit.

In case of T-60 insurance policies the sum assured is increased annually with a predetermined profit. The paid out sum will be the following: in case the insured is still alive on the end date of the insurance, the sum assured is increased with the profit accumulated from the start date until the end date. In case of death of the insured person prior to the end date of the insurance, the sum assured is increased with the accumulated profit from the start date until the date of death.

  

Temporary, Decreasing Endowment in case of Death – Rate 20D

The Temporary, Decreasing Endowment in case of Death, covers the risk of death of the insured person. In case of death of the insured person prior to a predetermined end date, the sum assured is paid out to the beneficiary/beneficiaries. In case the insured person is still alive at the end date, the insurance will expire without payment of the sum assured.

The sum assured is determined by the insured person himself/herself and based on the need and financial possibilities of the insuree. However, in case of this insurance the sum assured will decrease annually with the same amount. This amount is determined by dividing the starting sum with the period of the insurance (in years).