Life insurance

The life insurance is a form of personal insurance, which provides for the insurer's obligation to effect the payment according to an insurance contract upon the occurrence of death in the effective period of the insurance contract, or upon survival of the insured person to expiry of the insurance contract, as well as upon the occurrence of an accident or illness.

The life insurance is a reliable tool for multiplying funds and transforming probable risks in an advantageous position for the assured and, last but not least, for the whole family.

Types of life insurance:

  • Accumulative programs;
  • Risky programs;
  • Additional programs.

The accumulative insurance is the planned accumulation of monetary funds by a certain date and at the same time protection of the assured in the case of death.

It may be additionally selected the option of protection in the case of disability: the insurance company effects the payment of premiums on the assureds behalf till the abrogation of disability or till the validity of a contract expires.

Risk insurance is the program of protective financial regulation in the case of illness of the assured or the occurrence of an accident that could result in death, loss of labor capacity, admission to a hospital or surgical interference.

Additional programs: insurance against critical illnesses, insurance in the case of admission to a hospital, insurance in the case of surgical operations.