Subject
For persons between 14 and 65 years of age, but no more than 70 years before the expiration of the insurance term.
Currency
USD and EUR
Covered risks and due collaterals
Death during the insurance term:
- Amount of insurance
- the minimum amount, which shall be paid in case of death of the insured person during the insurance term;
- it shall be defined by the Contractor in EUR or USD depending from the age of the insured person and the amount of the basic annual or single premium.
Coverage of additional risks – package “Accident”
- Package “Accident” shall be covered during the insurance term;
- Each of the risks in “Accident Package” can be included independently;
- Covered risks include – death as a result of accident, durable loss of working capacity, a temporary loss of working capacity as a result of accident, a hospital stay, expenses for medical goods and supplies, release of premium in case of durable loss of working capacity in case of accident over than 30%.
Term of insurance
From 10 to 20 years
Amount of the insurance/monthly income
The insurance amount at expiration of the term of insurance represents the cost of the personal account of the insured person as of the defined period. In case of death of the insured person the cost of personal account of the insured person shall be paid as of the moment of occurrence of event, but not less than the agreed insurance amount.
Income from investment/additional interest
- The insurance premiums will be invested according to the Contracting person choice in six investment programs:
- Conservative program in Euro /EUR/ and in US dollars /USD/;
- Balanced program in Euro /EUR/ and in US dollars /USD/;
- Dynamic program in Euro /EUR/ and in US dollars /USD/.
- The customer has the right to change the portfolio of the investment by explicit order;
- Before the expiration of the insurance term Allianz shall make a return purchase of the units in the portfolio and shall pay off the amount to the customer and under the form of payment on installment plan.
Tax concessions
- For the customer: up to 10% from the taxable income for natural persons;
- For the employer: according to the Corporate Income Taxation Act.
Documents and application forms for conclusion of insurance agreement
- Application for conclusion of insurance "Life" connected with investment fund and supported by health declaration;
- Financial questionnaire (only for policies for the total amount over TBGN 60 or 30 TUSD/EUR);
- Medical examinations– over defined insurance amounts;
- Declaration for origin of financial funds – over 30 000 BGN the total amount of the due insurance premiums during the entire validity term;
- Insurance policy.
Prematurely termination of insurance agreement
- The contracting person has the right to terminate the insurance agreement before the term set, as he shall receive the redemption cost of insurance, under condition that the insurance has the right to be redeemed;
- The underwriter (Allianz Bulgaria Life) has the right to terminate the validity of agreement, according to the regulations of the general terms and conditions.
