Kids & Care

1. Insurance Object

The life, health, and work capacity of the Insured Person.

2. Insurance Risks and Limitations

Insurance Risks:

Primary:

1. Death of the Insured Person occurring during the term and within the territorial coverage of the insurance contract.
2. Survival of the Insured Person until the expiration of the insurance contract.

Supplementary:

1. Accidents resulting in:
Death of the Insured Person;
Disability of the Insured Person due to an accident (disability groups I, II, or III);
A specific degree of permanent loss of professional work capacity of the Insured Person due to an accident.
2. Disability of the Insured Person in groups I or II.
3. Critical illness of the Insured Person.

Insurance Limitations:

The following individuals are not eligible for insurance:

• Persons registered in narcological, psychoneurological, tuberculosis, dermatovenerological dispensaries, or AIDS prevention and control centers.
• Persons officially declared legally incapacitated.
• Persons with disabilities in groups I or II, as well as children with disabilities.
• Persons with oncological diseases and/or severe cardiovascular system conditions (including but not limited to: heart defects, chronic circulatory failure stages IIA, IIB, III, past acute coronary syndrome, or myocardial infarction) and/or renal failure, as well as those with insulin-dependent diabetes mellitus.
• Persons with chronic nervous system diseases (including but not limited to epilepsy and post-stroke conditions).
• Persons using narcotic (toxic) substances for intoxication purposes.
• Persons suffering from alcoholism.
• Persons in custody or imprisonment.

The age of the Insured Person at the time of contract signing must be between 16 and 65 years.

3. Minimum and Maximum Insurance Sum (Liability Limit)

The insurance sum is determined individually for each insurance risk.

• The maximum insurance sum for primary risks is 500,000 USD.
• The maximum insurance sum for supplementary risks is 500,000 USD.
• The minimum insurance sum is determined individually, taking into account the minimum insurance payment amount.

*Equivalent in the currency of the contract.

4. Minimum and Maximum Insurance Premium and/or Insurance Rate
The minimum annual insurance payment is 6,000 UAH.
The maximum annual insurance payment is 100,000 USD or its equivalent in the contract currency.

The insurance rate is determined by mutual agreement of the parties for each insurance risk, specified in the contract, and depends on the age, gender, health condition, occupation of the Insured Person, insurance term, payment term, and frequency of payments.

5. Type, Minimum, and Maximum Deductible (if applicable)

No deductible is applied under the insurance contract.

6. Territory and Term of the Insurance Contract

Insurance Territory:
Worldwide (excluding the Republic of Belarus and the Russian Federation).

The insurance contract does not apply to:

• Temporarily occupied territories of Ukraine as defined by Ukrainian legal acts, territories where Ukrainian governmental authorities are temporarily unable to exercise their powers, and settlements located along the demarcation line.
• Areas where military actions of any kind are taking place; temporarily occupied, annexed, or disputed territories; territories not recognized by Ukraine as sovereign states; or areas for which the Ministry of Foreign Affairs of Ukraine has issued travel warnings prior to the Insured Person crossing the border.
• Insurance coverage in Ukrainian regions affected by military actions is provided only for insurance cases unrelated to war or military conflicts and methods of conducting them, considering the exceptions specified in Section 7 of this document.

Term of the Insurance Contract:
From 5 to 45 years, depending on the terms of the selected program.

Activation of the Contract:
The contract becomes effective on the start date specified in the agreement, but not earlier than the day following the receipt of the first insurance premium in accordance with the payment schedule chosen by the Policyholder. This payment must meet the amount and timing specified in the insurance certificate (policy), and the insurer must receive a properly completed insurance application.

7. Consequences of Policyholder Non-Compliance

Non-compliance may result in denial of insurance payouts or policy termination if premiums are not paid on time.

8. Availability of Standalone Purchase

The insurance product is not supplementary to other products or services.

9. Discounts and Promotions

No discounts or promotions are offered for this product.

10. List of information essential for assessing insurance risk and/or other circumstances considered when determining the amount of the insurance premium

The information essential for the insurer’s decision on the insurance premium amount under the contract and the assessment of insurance risk includes details on:

• the Insured Person, as specified in the Insurance Application and the Health Questionnaire of the Insured Person;
• the Policyholder’s insurable interest in the insured object, based on legal grounds or other legal relationships.

11. Taxation of Insurance Payouts

Taxation of payouts is subject to current legislation, with details available on the insurer's official website 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. Terms of Reduction (Decreasing) of Insurance Coverage Amounts and/or Payouts in Case of Non-Payment of Premiums

The insurance agreement provides for a reduction (decrease) of insurance coverage amounts and/or payouts if the Policyholder fails to pay the next insurance premium during the waiting period, as stipulated in the agreement, which has been in effect for more than two years. In such cases, the Insurer has the right, from the day following the end of the waiting period, to unilaterally reduce the insurance coverage for primary risks and terminate insurance coverage for additional risks.

The reduced insurance agreement takes effect from the day following the last day of the paid insurance period. The Insurer notifies the Policyholder within 30 calendar days after the reduction of insurance coverage, specifying the new amounts of insurance coverage and/or payouts. Reduction is performed in accordance with the calculation methodology for reduced insurance coverage, which is an integral part of the Insurer’s underwriting policy.

With mutual agreement, the insurance coverage amount can be reduced along with a simultaneous reduction of the insurance premium amount. Such changes can only be made on the anniversary date of the insurance agreement, provided there is no outstanding insurance premium. The reduction in coverage is permitted to decrease the insurance premium by no more than 25% of its initial amount at the time of signing the agreement, and the new annual insurance premium must not be less than the current minimum premium at the time of the request.

In the event of a reduction of insurance coverage amounts and/or payouts, they may be fully or partially restored to their initial amounts with the mutual consent of the parties.

13. Additional Benefits Beyond the Agreed Insurance Coverage and Payouts

The agreement provides for an increase in the insurance coverage amounts and/or payouts by amounts (bonuses) generated from the placement and management of assets. These amounts are determined by the Insurer at least once a year based on the financial results of its activities (hereinafter referred to as additional insurance obligations). The reduction of insurance coverage amounts and/or payouts under the agreement does not affect the Policyholder’s right to bonuses.

Bonuses are accrued monthly throughout the year and are distributed at the end of the year. Bonuses are not accrued after the termination of the agreement. The additional insurance obligations accepted by the Insurer are communicated to the Policyholder once a year along with information about changes in the insurance coverage and payouts for individual risks. The amounts of insurance coverage and payouts, considering bonuses, cannot subsequently be reduced unilaterally.

The Insurer makes payments for any additional insurance obligations simultaneously with insurance payouts for primary risks or with the payment of the surrender value under the agreement.

The agreement does not provide for an increase in the insurance coverage amounts or payouts based on annual financial results of the Insurer's activities (profit participation).

Disclaimer: Before signing the insurance contract, it is necessary to review the information on exclusions from insurance cases, grounds for refusal of insurance payments, liability limits of the insurer for a specific insured object, insurance risk, and/or insurance case, as well as the calculation procedure and conditions for making insurance payments at the following link: https://uniqa.ua/storage/insurance-products/reports-files/9205_umovy_08.07.2024.pdf

Insurance product Programs: 

The following terms and conditions are common to the above Programs: 

• the object of insurance; 

• possible consequences for the consumer in case of failure to fulfil the obligations specified in the insurance contract, including late notification of the insured event without valid reasons and late payment of the insurance premium or its subsequent instalment; 

• information on the possibility of purchasing an insurance product separately if such a product is offered together with related and/or additional non-insurance goods, work or services as part of a single package or agreement; 

• conditions for obtaining a discount on an insurance product and promotional offers of the insurer (if any), including their validity periods; 

• the procedure for taxation of insurance payments and application of tax benefits; 

• terms of reduction (decrease) of insurance amounts and/or insurance payments in case of non-payment of the insurance premium in the amount and within the terms specified in the contract [if the terms of the insurance product provide for the right of the insurer to unilaterally reduce (decrease) the amount of insurance amounts and/or insurance payments]; 

• the amount and procedure for determining possible benefits that exceed the insurance amounts and/or insurance payments established by the contract (if the terms of the insurance product establish the amount and procedure for determining possible benefits).