What is an accumulative life insurance?
Life insurance (accumulative insurance) is the protection provided by the insurance company during the period of the contract. At the same time, insurance payments accumulate, and the risks associated with your life and health are covered by the insurance company. At the end of the policy period (from 10 to 30 years), in the absence of payments during this time, you will receive the accumulated amount (the principle is similar to deposit accumulation).
What determines the rate under the life insurance program?
The amount of the contribution is influenced by many factors, including:
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Age of the insured - the younger the insured, the more profitable the tariff will be
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Gender of the insured - offers are more profitable for women than for men
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The type of activity of the insured - extreme hobbies or a dangerous profession increase the tariff
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Contract time
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Set of selected risks
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Insurance program
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Other factors
The main risks that insurance programs cover:
Any insurance program covers the main risks. Additionally, you can expand the list when applying for a policy.
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Survival (until the expiration of the insurance contract)
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Death (regardless of cause)
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Death as a result of an accident (the sum insured can be doubled)
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Disability of the 1st group
What is an insured event in accumulative insurance?
Life insurance always includes the risk of death of the insured. Additionally, you can expand the list of insured events at the stage of concluding an agreement with an insurance company. You can choose the risk of disability, severe injury or illness, temporary disability, and more. In this case, additional coverage will entail an increase in the insurance premium or a decrease in the final payment.
When applying for an accumulative insurance policy, special attention should be paid to the list of exceptions that are not covered by the insurance. For example, if you are involved in extreme sports, then you need to make sure that if you get injured, you will not be denied payment.
How to apply for a life insurance policy?
Fill out the form on our website and we will send you offers by email! If you need advice, you can contact us by phone or using any messenger (section Contacts).