
Kids & Care
Coverage area – worldwide.
The accumulation currency is either Ukrainian UAH or USD
For ages 16 to 65 years
Guaranteed rate of return and additional investment income
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
Program "Children and Care"
1. Insurance Risks and Coverage Limitations
Insurance Risks:
Primary Risks:
Death of the Insured Person during the term and within the geographical scope of the insurance contract.
Survival of the Insured Person until the end of the contract term.
Supplementary Risks:
1. Accidents resulting in:
- Death of the Insured Person;
- Disability of the Insured Person (Group I, II, or III) due to an accident;
- A certain degree of permanent loss of professional capacity of the Insured Person due to an accident.
2. Disability of Group I or II of the Insured Person.
3. Critical illness of the Insured Person.
Coverage Limitations:
Insurance is not available for:
- Individuals registered in narcological, psychoneurological, tuberculosis, dermatovenerologic dispensaries, or AIDS prevention and control centers.
- Individuals officially recognized as legally incapacitated.
- Individuals with disabilities (Groups I, II) or children with disabilities.
- Individuals with cancer and/or severe cardiovascular conditions (e.g., heart defects, chronic circulatory failure stages IIA, IIB, III, or a history of acute coronary syndrome or myocardial infarction) and/or renal failure, as well as individuals with insulin-dependent diabetes mellitus.
- Individuals with chronic nervous system disorders (e.g., epilepsy, stroke consequences).
- Individuals using narcotic or toxic substances for intoxication.
- Individuals suffering from alcoholism.
- Individuals in incarceration.
Age Limit:
The Insured Person's age at the time of contract signing must be between 16 and 65 years.
Beneficiary:
The beneficiary must be a natural person, specifically a child who is a minor at the time of contract signing and an adult by the contract’s end.
2. Minimum and Maximum Insured Sums
The insured sum is determined for each insurance risk.
Maximum Insured Sum:
For primary risks: $100,000 USD (or equivalent in the contract currency).
For supplementary risks: $100,000 USD (or equivalent in the contract currency).
Minimum Insured Sum: Determined individually, considering the minimum annual insurance premium.
3. Minimum and Maximum Insurance Premiums and/or Tariffs
Minimum Annual Insurance Premium: 6,000 UAH.
Maximum Annual Insurance Premium: $20,000 USD (or equivalent in the contract currency).
Insurance Tariff:
The tariff is negotiated by the parties for each insurance risk and is specified in the contract. It depends on:
Age and gender of the Insured Person;
Health condition;
Occupation;
Insurance term;
Payment period;
Frequency of premium payments.
4. Type, Minimum, and Maximum Deductibles (if applicable) under the Program
No deductible applies to the insurance contract under this Program.
5. Territory and Term of the Insurance Contract
Territory of Coverage:
The insurance covers the entire world, except for the Republic of Belarus and the Russian Federation.
The contract does not apply to:
- Temporarily occupied territories of Ukraine, as defined by Ukrainian legal acts, territories where Ukrainian state authorities do not exercise their powers, and settlements located on the contact line.
- Areas where any military actions are conducted; temporarily occupied, annexed, or disputed territories; territories of states not recognized by Ukraine in accordance with established procedures; and territories for which the Ministry of Foreign Affairs of Ukraine has issued travel warnings before the Insured Person crosses the border.
- Coverage within Ukraine in areas of military action is provided only for insured events that are not causally related to war, military conflicts, or any methods of conducting them, considering the exceptions outlined in Section 7 of this document.
Term of the Contract:
The term of the insurance contract ranges from 5 to 35 years, depending on the chosen Program terms.
The contract takes effect from the date specified in the contract as the start date of its validity, but not earlier than the day following the date of crediting the first insurance premium for the initial insurance period to the insurer’s current account, in accordance with the premium payment frequency selected by the policyholder, in the amount and within the period specified in the insurance certificate (policy). Additionally, the insurer must receive a properly completed insurance application.