Allianz Child Protection Insurance

Take care of the peaceful childhood and successful start of your child's life with Allianz Child ProtectionInsurance. It provides financial protection against unforeseen situations and opportunity for accumulation of capital which your child will obtain at the age of 18.

  • Guaranteed start-up capital for your child
  • Saving of funds for the education of children / grandchildren, purchase of residential property, etc.
  • Additional income
  • Payment of the guaranteed savings amount when the child becomes 18 years old
  • Insurance protection for your child during his naughty moments and plays

Request

 

 

Risks covered

  • Death of the insured during the insurance period of validity:

If the insured is under the age of 14 - the amount of the insurance premiums currently paid plus the accumulated additionalprofitability.

If the insured is over the age of 14 - the insurance amount plus the additional profitability accumulated at the date of death.

  • Permanent disability of the insured as a result of insurance accident which exceeds 30%:

The insured is released from his obligation for further payment of insurance premiums, while the insurance amount is retained in full.

Characteristics

Scope of the insurance

Allianz Child ProtectionInsurance protects your child and provides him with a initila start-up capital at the age of majority.

The insurance policy is concluded for persons up to the age of 13 years

Currency

BGN, EUR or USD

Insurance Period

From 5 to 18 years.

The insurance period is determined depending on the age of the child so that upon maturity the child should be at the age of 18

Coverage of additional risks

The Accident Package allows you to choose the following additional coverage:

  • Death as a result of an accident
  • Temporary disability to work
  • Hospitalalisation
  • Medical expenses

Insurance amount

Upon maturity Allianz pays the insurance amount to the child.

Conclusion of insurance policy

Required Documents and forms

  • Application of Life Insurance policy with health declaration
    • According to Tariff 40, the first page of the application of Life Insurance policyis completed by the insured and the health declaration on the back page is completed by a legal representative of the child, as the data should refer to the insured child
    • In all cases, the insured must submit a medical report on the child's health status issued by the general practitioner
  • Additional health declaration of the insured if additional risk of release from the obligation for payment of installments in case of death of the insured is included

Attention: if this additional risk is not included, no medical information on the insured should be provided and second application should not be completed

  • Financial questionnaire - it must be submitted only when the insurance policy value exceeds BGN 60,000 or EUR / USD 30,000
  • Declaration of origin of funds - it must be submitted when the single insurance premium exceeds BGN 30,000 or in case of single prepaid insurance premiums
  • Insurance Policy

You must become familiar with the General Terms and Conditions. You can obtain additional information in the nearest branch of Unicredit Bulbank.

Early termination

The insured is entitled to terminate the insurance policy prior to maturity and to receive the insurance policy surrender value.

The insurer (Allianz Bulgaria Life) is entitled to terminate the insurance policypursuant to the General Terms and Conditions.

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