FAQ

It is clear that the insured person himself will not be able to earn money on life insurance in case of death, but his family and other persons will

An annuity is a sequence of several (usually identical) payments made at regular intervals. The number of payments can be fixed (for example: a consumer loan repayment is an example of an annuity with a fixed number of fixed payments made monthly); but it may be due to the occurrence of an event (for example, in insurance, […]

Terminating a life insurance contract is easy, but getting your money back is more difficult. It is not so easy to withdraw – the redemption amounts are very low

The medical examination of a person who must be insured under a life insurance program is aimed at finding out whether the probability of death of this person deviates from the average level

The easiest and most affordable way to determine the situation in a company is to study its financial statements for the current and previous periods

A problematic situation may arise when, at a certain point in time, the insurance company will not be able to fully pay the bills legally issued to it, or when the formed reserves turn out to be less than the corresponding standard determined by law. These moments are clearly monitored by state supervisory authorities and […]

INVESTMENT INCOME (annual rate of investment income) is used to calculate insurance rates under the Insurance Policy and cannot exceed 4% per annum

If the Beneficiary is a minor child , then the insurance company may make a payment to the child himself when he reaches the age of majority (18 years)

If the client, due to financial problems or for other reasons, is unable to pay the next insurance premium (at the end of two years of the insurance contract), the insurer can offer him the following

Completion of the questionnaire on the state of health is necessary for the insurance company to make a decision on the possibility of concluding an Insurance Contract

the event that occurred is not an insured event according to the Life Insurance Rules;- the policyholder caused the occurrence of the insured event by intentional actions

Death due to suicide is considered an insured event, but only if the death of the Insured due to suicide or the consequences of attempted suicide occurred at the end of three years

By law, the Beneficiary or heirs may receive an insurance payment in the event of the murder of the Insured Person

If the accident occurred as a result of the intoxication of the Insured Person and a causal relationship between the state of intoxication and such an event is proved

The Policyholder may be changed during the term of the Contract with the consent of the Insurer on the terms and conditions stipulated by the Rules of Insurance

An insured event does not include death or consequences of an accident or illness that occurred to the Insured Person, if they occurred as a result

Mixed life insurance provides for the payment of the sum insured to the insured person if he survives until the expiration of the insurance contract or the payment of the sum insured

According to the current legislation, income tax and other obligatory payments to the state budget are deducted from the wages of individuals. Therefore, in accordance with the Decree of the President “On the Avoidance of Double Taxation”, the amounts paid personally by the Insured Person to the insurance company are not subject to taxation, as they are […]

The insured person has the right to prematurely terminate the insurance contract . At the same time, the insured person is paid a redemption amount

Upon conclusion of the Insurance Contract, a beneficiary is appointed to receive the insurance payment in the event of the death of the Insured Person