Future & Protection
Coverage area – worldwide.
The accumulation currency is either Ukrainian UAH or USD
For ages 16 to 65 years
1. Insurance Object
The object of insurance includes the life, health, and working capacity of the Insured Person.
2. Insurance Risks and Limitations
Insurance Risks:
Primary Risks:
- Death of the Insured Person occurring during the term and within the territory of the insurance agreement.
- Survival of the Insured Person until the end of the insurance agreement term.
Additional Risks:
- An accident resulting in:
- Death of the Insured Person;
- Disability of the Insured Person due to an accident (Group I, II, or III disability);
- A certain degree of permanent loss of professional working capacity of the Insured Person due to an accident.
- Group I or II disability of the Insured Person.
- Critical illness of the Insured Person.
Insurance Limitations:
The following are not eligible for insurance:
- Persons registered in narcological, psychoneurological, tuberculosis, dermatovenereology dispensaries, or AIDS prevention and treatment centers;
- Persons legally declared incapacitated;
- Persons with disabilities (Group I or II) and children with disabilities;
- Persons with oncological diseases and/or severe cardiovascular conditions (e.g., heart defects, chronic circulatory failure stages IIA, IIB, III, acute coronary syndrome, myocardial infarction), kidney failure, or insulin-dependent diabetes;
- Persons with chronic nervous system disorders (e.g., epilepsy, post-stroke conditions);
- Persons using narcotic (toxic) substances for intoxication;
- Persons suffering from alcoholism;
- Persons in places of imprisonment.
The age of the Insured Person at the time of signing the agreement must be between 16 and 65 years.
3. Minimum and Maximum Insurance Coverage Amounts (Liability Limits)
The insurance coverage amount is determined for each insurance risk.
- Maximum coverage for primary risks: $500,000 USD*
- Maximum coverage for additional risks: $500,000 USD*
- Minimum coverage is individual and depends on the minimum insurance premium.
*Equivalent in the contract currency.
4. Minimum and Maximum Insurance Premiums and Tariffs
- Minimum annual insurance premium: UAH 6,000.
- Maximum annual insurance premium: $100,000 USD or its equivalent in the contract currency, based on the NBU exchange rate.
The insurance tariff is agreed upon by the parties for each risk and depends on the age, gender, health condition, occupation of the Insured Person, insurance term, premium payment schedule, and frequency of payments.
5. Deductible (if applicable)
The insurance policy does not include a deductible.
6. Insurance Coverage Territory and Policy Term
Territory of Coverage: Worldwide, except for:
- Belarus and the Russian Federation;
- Temporarily occupied territories of Ukraine and territories not under government control, including settlements along the demarcation line;
- Areas of any military action, temporarily occupied, annexed, or disputed territories, and territories unrecognized by Ukraine.
Insurance coverage in zones of military action within Ukraine is valid for events not directly caused by war or military conflicts, considering the exclusions in section 7.
Policy Term: 5 to 45 years, based on the selected program.
The policy becomes effective on the date specified as the start date, but not earlier than the day after the insurer receives the first insurance premium as specified in the policy certificate.
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:
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Programs |
‘Future and Protection’ | ‘Kids and Care’ |
| 1. Insurance risks and insurance limitations |
Insurance risks: Main risks: 1) Death of the Insured occurring during the term of the contract and in the territory of the contract; 2) Survival of the Insured until the expiry of the contract. Additional risks: Accident resulting in: Death of the Insured Person; Disability of the Insured Person as a result of an accident (disability of group I, II or III); А сertain degree of permanent loss of professional ability of the Insured Person as a result of an accident; 2) Disability of the Insured person of group I or II; 3) Critical illness of the Insured Person. Insurance limitations: The following are not eligible for insurance:
The age of the Insured Person as of the date of the Agreement conclusion is 16 - 65 years. |
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An individual |
The Beneficiary may be an individual: only a child who is a minor on the date of the agreement and an adult on the date of the agreement's expiry. |
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| 2. Minimum and maximum amounts of the sum insured (limit of liability) under the Program |
The sum insured is set for each insurance risk.
* Equivalent in the currency of the contract. |
The sum insured is set for each insurance risk.
* Equivalent in the currency of the contract. |
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The insurance tariff shall be set by agreement of the Parties for each insurance risk, shall be specified in the agreement and shall depend on the age, sex of the Insured, health status, occupation, insurance period, term of insurance, term of payment of insurance premiums and frequency of payment of premiums. |
The insurance tariff shall be set by agreement of the Parties for each insurance risk, shall be specified in the agreement and shall depend on the age, sex of the Insured, health status, occupation, insurance period, term of insurance, term of payment of insurance premiums and frequency of payment of premiums. |
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The deductible under the insurance contract does not apply. |
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Insurance territory: All over the world (except for the Republic of Belarus and the Russian Federation). The insurance contract shall not apply to:
The Contract shall enter into force on the date specified in the Contract as the date of commencement of the Contract term, but not earlier than the date following the date of crediting the Insurance premium for the first Insurance period to the Insurer's current account in accordance with the frequency of payment of the Insurance premium chosen by the Insured in the amount and within the time specified in the Insurance certificate (policy), as well as receipt by the Insurer of a duly completed Insurance application. |
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The term of the insurance contract is from 5 to 45 years, depending on the terms of the Program. |
The term of the insurance contract is from 5 to 35 years, depending on the terms of the Program. |
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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).
Accumulation life insurance is a type of insurance that combines life protection for the policyholder with the possibility of capital accumulation, providing payouts both in case of death and at the end of the contract term. This type of insurance allows the insured person to save and increase their savings, providing financial support for themselves and their loved ones. These are regular contributions and a lump-sum payment of the accumulated amount after the contract term.
It depends on many factors:
- Age (the younger, the lower the rate);
- Gender (women have a lower rate than men);
- Set of risks and insurance programs (exclusively risk of death, pension, savings, death from any cause, or disability).
- Survival to a certain term (end of the insurance contract);
- Accidental death (in this case, the insurance amount doubles);
- Disability;
- Death (from any cause).
