Who will receive the insurance benefit if the Beneficiary is a minor?
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), or the payment may be made to his parents, close relatives or guardians.
This can be specified in the additional conditions when concluding the Insurance Contract.
- What is a guaranteed investment income and how is it formed?
- How is the sum insured paid out in the event of the death of the insured person?
- Is death due to suicide considered an insured event?
- What to choose for investment - a pension fund or an insurance company?
- What are the exceptions to insured events?
