• Our Address
    • 55 Vladislav Varnenchik Bulv. 6th floor

    LIFE AND RENT INSURANCE

    Subject of the insurance

    The Insurer takes risks, determined in the insurance policy, against events, related to the life, health and bodily integrity of persons, aged between 14 to 65 years, but not more than 70 years at the ending of the term of the insurance.

    Covered risks

    • Death during the term of the insurance – insurance sum + additional interest as to the date of death.
    • Permanent disability as a result of insured incident, up to 30% – 50% – percentage of the insurance sum, equal to the percentage of the disability.
    • Permanent disability as a result of insured incident, above 50% – the insured person is released from further premium payment and the full amount of the insured sum remains enforced.
    • Survival – insurance sum plus the additional income accumulated for the period.

    Additional covers

    If the insured person choses so, against additional payment, one, several or all of the following additional covers can be included in the insurance:

    • Accident
    • Daily allowance for hospital stay
    • Surgical treatment
    • Release of payment of premium in case of permanent disability above 50% as a result of the accident
    • Temporary disability
    • Critical illnesses and their consequences

    Insurance sum – agreed upon entering into contract.

    With the Rent insurances, the amount of the monthly rent (pension) is determined.

    The period for which the monthly rent is going to be received is agreed for a period from 1 to 20 years or for life, as per the customer’s choosing.
    Currency
    BGN, EURO or USD.
    Term of the contract

    From 5 to 25/30 years
    Insurance premium:

    • Single payment
    • installments (each 1, 3, 6 or 12 months)

    Tax reliefs

    • For the customer: Up to 10% of the taxable income of natural person
    • For the employer: according to the Law of corporate income tax

    Documents and forms, required for entering in insurance contract

    • Application for the conclusion of “Life” insurance and health declaration to it
    • Financial questionnaire (only for policies with value of above 60 thousand BGN or 30 thousand USD/EUR)
    • Medical tests – above set insurance sums
    • Declaration for origin of funds – above 30 000 BGN total value of the receivable premiums for the entire term
    • Insurance policy.

    Early termination of the insurance contract

    • The contractor has the right to terminate early the insurance contract, by receiving the surrender value of the insurance, in case that the insurance is entitled with the right of surrendering.
    • The insurer has the right to terminate the contract as per the General terms and conditions.