is insured? This
insurance can be arranged to cover the
life of one person or company staff, which
we name as the Insured.
What risks are covered? The
Insurer will pay retirement annuities to the insured
person. The term of payment is from 3 to 20 years
or for the whole life of the insured. In case
of death of the insured person the retirement
annuities will be paid to the designated beneficiary.
Death of the Insured as a result of an accident
- the retirement annuities will be paid to the
designated beneficiary of the insured until the
end of the insured period and additionally 3 monthly
annuities will be paid.
Permanent disablement of the Insured person greater
than fifty percent as a result of an accident
at work - the Insurer will pay 2 monthly annuities
to the insured person.