→ General Terms of the standard insurance product "Endowment Life Insurance for Banks"
→ Information document on the standard insurance product "Endowment Life Insurance for Banks"
| No. | Type of Information | Information to be completed by the Insurer |
| 1 | Object of Insurance |
The object of insurance is the life, health, and working capacity of the Insured person. |
| 2 | Insurance Risks. Insurance Events. Insurance Limitations |
Insurance risks of the “Raiffeisen Start” program:
Insurance risks of the “Raiffeisen Business” program:
Insurance risks of the “Raiffeisen Kids” program:
Insurance risks of the “Raiffeisen Kids Plus” program:
Insurance risks of the “Easy Start.Future” program:
Insurance risks of the “Responsibility” program:
Insurance risks of the “Protection” program:
Insurance risks of the “Care” program:
Insurance limitations: Not accepted for insurance:
Eligible Insured persons are individuals: |
| 3 | Minimum and Maximum Insurance Sum (Liability Limit) |
The insurance sum is determined by agreement of the Parties within the minimum and maximum limits provided by the respective Program, or according to the insurance premium selected by the Policyholder, as specified in the Program at the time of signing the Contract, namely:
The terms of the insurance product provide for the possibility of indexation (increase) of the insurance sum during the validity of the Contract, subject to a corresponding indexation (increase) of the insurance premium. The terms also grant the Insurer the right to unilaterally reduce the amount of insurance sums and/or insurance payments. |
| 4 | Minimum and Maximum Insurance Premium and/or Insurance Tariff |
– Minimum annual insurance premium for Contracts with a term of 10–30 years: 3500 UAH / 150 USD (depending on the Contract currency); – Minimum annual insurance premium for Contracts with a term of 7–9 years: 10,000 UAH / 350 USD (depending on the Contract currency).
The currency of the insurance contract – UAH, USD. |
| 5 | Type, Minimum and Maximum Deductible (if applicable) |
No deductible applies under the insurance contract. |
| 6 | Territory and Term of the Insurance Contract (including commencement procedure and insurance period(s)) |
Territory of the insurance contract: The Contract is valid worldwide (except the Republic of Belarus and the Russian Federation). The contract does not apply to:
Territorial conditions are the same for all Programs. Term of the insurance contract is set in full years by agreement of the Parties. It cannot be shorter than the minimum or longer than the maximum established by the respective Program, namely:
Insurance period may be one year, half-year, quarter or month, depending on the premium payment frequency chosen by the Policyholder. The Contract enters into force and coverage begins at 00:00 Kyiv time on the day following the date of crediting the first premium to the Insurer’s account, but not earlier than the start date specified in the Contract, and upon receipt of a duly completed insurance Application by the Insurer. The Contract and coverage remain valid until 00:00 Kyiv time on the end date specified in the Contract, unless other circumstances cause early termination in accordance with the payment conditions. |
| 7 | Possible consequences for the consumer in case of failure to fulfill obligations under the insurance contract |
In case of non-fulfillment or improper fulfillment of the terms of the Contract, the Parties bear liability in accordance with the current legislation of Ukraine. The existence of circumstances that are exclusions from insured events and limitations of insurance provided by the Contract is a basis for refusal of insurance payment. Failure to timely notify the Insurer by the Policyholder (Insured person, Beneficiary, or their heirs) of the occurrence of an insured event without valid reasons, or failure to provide, or late provision of documents confirming the insured event, or failure to perform other obligations defined by the Contract or legislation, if this led to the impossibility for the Insurer to establish the fact, causes, and circumstances of the insured event, is a basis for the Insurer to refuse payment. |
| 8 | Information on the possibility of purchasing the insurance product separately |
The Contract is not an add-on to other goods, works, or services that are not insurance-related. |
| 9 | Conditions for obtaining a discount on the insurance product and promotional offers of the insurer |
Discounts and promotional offers are not available and do not apply. |
| 10 | List of information that is essential for assessing the insurance risk, and/or information on other circumstances considered when determining the amount of the insurance premium |
Before concluding the Contract, the Policyholder (Insured person) is obliged to provide the Insurer with information that is essential for the Insurer’s decision to enter into the Contract and/or determine the amount of the insurance premium, including information about circumstances that are material for assessing the insurance risk (determining the probability of the insured event and the amount of possible losses). During the term of the Contract, the Policyholder must notify the Insurer in writing within 5 (five) working days of any changes to such circumstances and/or other circumstances affecting the amount of the insurance premium under the Contract. Information considered material includes details about the Insured person specified in the Insurance Application, the Health Questionnaire of the Insured person, and, if completed, the Extended Health Questionnaire of the Insured person, as well as information about the lawful existence of an insurable interest of the Policyholder in relation to the insured object. |
| 11 | Procedure for taxation of insurance payments and application of tax benefits |
The amount of the insurance payment may be reduced due to tax obligations of the Beneficiary or the Policyholder. The procedure for taxation of insurance payments is specified on the Insurer’s website at the link: https://uniqa.ua/storage/files/shares/Публічна інфа/Порядок оподаткування страхових виплат.pdf This insurance product does not provide for tax deductions (tax benefits). |
| 12 | Conditions for reduction (decrease) of insurance sums and/or insurance benefits in case of non-payment of the insurance premium in the amount and within the terms specified in the contract (if the insurance product provides the insurer with the right to unilaterally reduce the insurance sums and/or insurance benefits) |
If the Policyholder fails to pay the next insurance premium during the Premium Grace Period under a Contract that has been in force for more than 2 (two) years, the Insurer has the right, from the day following the end of the Premium Grace Period, to unilaterally reduce the insurance sum for the main risks to the amount of the formed mathematical reserves and terminate coverage for additional risks from the day after the last day of the paid Insurance Period. The Contract with the reduced insurance sum enters into force from the day following the last day of the paid Insurance Period. The Insurer shall notify the Policyholder of the reduction of the insurance sum in the manner provided for in the Contract, within 30 (thirty) calendar days after the recalculation (reduction), indicating the new amount of insurance sums and/or benefits. The reduction is carried out in accordance with the methodology for calculating the reduced insurance sum, which is an integral part of the Underwriting Policy approved by the Insurer. |
| 13 | The amount and procedure for determining possible benefits exceeding the insurance sums and/or benefits established by the contract (if the insurance product provides for such benefits) |
The Contract provides for an increase of the insurance sum and/or benefits by amounts (bonuses) from the placement and management of assets, which are determined by the Insurer at least once a year based on other financial results of its activities (hereinafter – additional insurance obligations). Bonuses are accrued for each month of the Contract during the reporting year and distributed at the end of the year. The additional insurance obligations accepted by the Insurer are communicated to the Policyholder once a year together with information on changes in insurance sums, benefits for specific risks, and surrender value. At the same time, the amounts of insurance sums, benefits for specific risks, and surrender value, taking into account bonuses from asset placement and management, cannot be further reduced unilaterally. Information on sending the Policyholder a notice of bonuses is also published on the Insurer’s website https://uniqa.ua. Payment of any additional insurance obligation by the Insurer is made simultaneously with the payment under the main risks or with the surrender value under the Contract. |
| 14 | Consumer warning on the necessity to review information prior to concluding the insurance contract, including links to such information |
This insurance product requires prior review by the consumer in order to make an informed decision about concluding the insurance contract. Before concluding the insurance contract, the consumer must review the information on exclusions from insurance events and grounds for refusal of insurance payments, the insurer’s liability limits for a specific insured object, insurance risk and/or insurance event, as well as the calculation procedure and conditions for making insurance payments, contained in the General Terms and Conditions of the insurance product “Endowment Life Insurance for Banks”, available at the following link: https://uniqa.ua/storage/public-offer/partner-reports/Umovy_BA_Life.pdf https://www.uniqa.ua/storage/insurance-products/reports-files/Umovy_BA_Life_20.06.2025.pdf |