Basic
insurance
• Term Life Insurance;
• Endowment Life Insurance;
• Whole Life Insurance;
• Whole Life Insurance with limited payment;
• Life Insurance for children.
Life insurance products cover the risk of death of the
Insured by any causes. The insurance contract can be concluded
for a determined period, such as Term Life Insurance, Endowment
Life Insurance, Life Insurance for children, or for an
unlimited period, such as Whole Life Insurance.
Except Term Life Insurance, the others products contain
capitalization.
The sums insured, insurance premiums and all the other
amounts related to the insurance contracts are expresed
in lei-ROL (Romanian currency), with the option to be consolidated
in USD or EURO, in order to be protected against depreciation.
For Term Life Insurance, in case of death, the indemnity
is equal to the sum insured.
For the insurance contracts with capitalization, the indemnity
is due either in case of death or at the end of the contract
period, including the sum insured and the dividends acumulated
up to that date.
For Life Insurance for children, in case of death of the
Insured, the indemnity is equal with the insurance premiums
paid up to the date and the related dividends, and at the
end of the contract the indemnity is equal to the sum insured
and the related dividends. |
