Subject
For persons from 14 to 65 years of age but not exceeding 70 years at the expiry date of the insurance.
Currency
BGN, USD and EUR
Covered risks and collateral due
- Death during the insurance period – insurance amount + additional interest as of the date of death;
- Permanent loss of working capacity up to 30 % caused by insurance accident – percent of the insurance amount equal to the percent of the lost working capacity;
- Permanent loss of working capacity over 30 % caused by insurance accident – the insurance is redeemed for further premium payment, only the total amount of the insurance remains in force.
Coverage of the additional risks – “Accident Package”
- “Accident Package” is covered during the whole insurance period ;
- Each of the risks in the “Accident Package” could be included independently;
- The covered risks include – death caused by accident, temporary loss of working capacity, hospital treatment, medication expenses.
Term of the insurance
From 5 to 30 years
Insurance amount / monthly annuity
The insurance amount is paid on the expiration of the insurance. In occasion of death, the insurance amount is paid to inheritors, stated in the insurance contract.
Income from the investment / additional interest
- Paid on the expiration of the insurance in case of redemption payment or death of the insured person;
- To be calculated at the end of every calendar year.
Tax concessions
- For the customer: up to 10% of the taxable income for the individuals;
- For the employer: from the Corporate Tax Law.
Necessary Documents and Applications
- Application for Life insurance and health declaration attached to it;
- Financial Questionnaire (only for promissory notes for over BGN 60 000 or USD/EUR 30 000);
- Medical examination;
- Declaration for provenance of the funds – the total amount of the insurance premium should be over BGN 300 000;
- Insurance promissory note.
Pro-term suspension of the insurance contract
- The customer has the right to suspend the insurance contract before it expires and to receive the redeemed amount of the insurance (in case it is stipulated the insurance contract);
- The insurer (Alianz Bulgaria Life) has the right to suspend the contract as per the Common Clauses in the contract.
