FIP is the ideal package for those who seek comprehensive insurance coverage for themselves and their child, combined with an opportunity to invest capital in a profitable way!

Details:

G5S - Endowment Insurance with graduated death benefits and surplus participation (bonus)

The sum to be paid on survival together with the accumulated bonus becomes payable at the expiry of the contract, while the insured person is alive. This insurance payment can be transferred to a bank account or you may choose to receive your accumulated capital as a pension under the PENSION BENEFIT (PS0) from Medlife. If the insured person dies before the term of the contract expires, the death benefit to be paid will amount to as many fractions of the capital sum as years of insurance have expired (including the one in which the event occurred) in relation to the agreed-upon premium payment period.

UTZ - Additional accidental death insurance

The amount insured becomes payable, if the policyholder dies as a result of an accident within the agreed-upon coverage period.

UI30 - Additional accidental disability insurance

The amount insured becomes payable, if to the policyholder as the result of an accident a minimum of 30 % permanent disability occurs. The grade of disability will be determined according to the disability percentage table shown in the General Insurance Conditions.

RZ1 - Additional risk insurance

The amount insured becomes payable, if the policyholder dies within the agreed-upon coverage period. 

• If the annual premium is less than USD / EUR 500, rate RZ1 cannot be included.
• If the annual premium is USD / EUR 500 or more, RZ1 is worth USD / EUR 2.000.
• If the annual premium is USD / EUR 800 or more, RZ1 is worth USD / EUR 3.000.

R1C - Additonal risk insurance for your child

If the second person insured (child) dies within the agreed-upon insurance period the insured sum will be paid. The insured sum equals the sum insured under RZ1. In this case, the contract will remain upright without the additional rate R1C.

Case 1:
The insured person dies as the result of an accident, beneficiary is his wife. 10 years of the contract have passed.

 If the insured person dies after 10 years of insurance as the result of an accident, the sum payable to the beneficiary amounts to about USD  26.110 / EUR 25.501.

Please note: If the first insured person dies, the whole contract including all additional rates will be terminated.