1. Object of Insurance
The object of insurance is the life, health, and/or working capacity of the Insured Person.
2. Insurance Risks and Limitations
Primary insurance risk – Death of the Insured Person.
Supplementary insurance risks:
- Death of the Insured Person due to an accident;
- Disability of the Insured Person (Group I) due to an accident;
- Disability of the Insured Person (Groups I and II) due to an accident, as well as the establishment of disability in an Insured Person under 18 years old due to an accident;
- Disability of the Insured Person (Group I) for any reason;
- Disability of the Insured Person (Groups I and II) for any reason;
- Traumatic bodily injuries sustained by the Insured Person;
- Critical illness of the Insured Person, namely: Coronary artery bypass grafting, Organ transplantation, Myocardial infarction, Stroke, Malignant tumors, Kidney failure, Paralysis, Blindness;
- Hospitalization of the Insured Person due to an accident;
- Hospitalization of the Insured Person due to an accident and due to a disease first diagnosed during the contract period.
Insurance limitations:
Not eligible for insurance:
- Persons younger than 1 year or older than 66 years at the time of contract conclusion;
- Persons registered in narcological, psychiatric, tuberculosis, dermatovenereological dispensaries, or AIDS prevention and treatment centers;
- Persons legally recognized as incapacitated;
- Persons with disabilities (Groups I and II), and children with disabilities;
- Persons diagnosed with oncological diseases and/or severe cardiovascular diseases (including, but not limited to: heart defects, chronic circulatory failure of stages IIA, IIB, III, history of acute coronary syndrome, myocardial infarction) and/or kidney failure, as well as persons suffering from insulin-dependent diabetes;
- Persons with chronic nervous system disorders (including, but not limited to epilepsy, consequences of strokes);
- Persons using narcotic (toxic) substances or suffering from alcoholism.
3. Minimum and maximum insurance sum (liability limit), if determined by the terms of the insurance product
The insurance sum is determined for each selected risk by mutual agreement of the parties, depending on the age of the Insured Person, in the amount of from 1,000 USD / 25,000 UAH to 100,000 USD / 3,500,000 UAH.
Insurance sums for each risk are individual, meaning that an insurance payment for any risk does not reduce the insurance sum for other risks.
4. Minimum and maximum insurance premium and/or insurance rate
Minimum annual insurance premium: 10 USD / 350 UAH.
Maximum annual insurance premium: calculated depending on the insurance sum.
5. Type, minimum and maximum deductible (if applicable)
No deductible is provided under the terms of this insurance product.
6. Territory and Duration of the Insurance Contract (including information on its commencement and insurance periods (if applicable))
Insurance territory: Worldwide (except for the Republic of Belarus and the Russian Federation).
The contract does not apply to:
1) Temporarily occupied territories of Ukraine, as defined by Ukrainian legal acts, as well as territories of Ukraine where state authorities are temporarily unable to exercise their powers, settlements, and areas located along the demarcation line;
2) Areas of military operations of any kind; temporarily occupied, annexed, or disputed territories, and territories of states not officially recognized by Ukraine;
3) Territories for which the Ministry of Foreign Affairs of Ukraine has issued a recommendation to avoid travel before the Insured Person crosses the border.
Insurance coverage in Ukraine (except for the areas mentioned in point 1 above) that is in a zone of military conflict of any kind, regardless of the official recognition of war under legal norms, is provided only for insured events that have no causal connection with war or military conflicts and any methods or means of their conduct, considering insurance exclusions and limitations.
Insurance contract duration: from 1 to 25 years.
Commencement of the contract:
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 crediting of the insurance premium (or the first installment if the total premium is paid in parts) to the insurer’s current account in the amount and within the period specified in the contract. Additionally, the insurer must receive a properly completed Insurance Application for the Insured Person.
7. Possible consequences for the consumer in case of failure to fulfill obligations defined by the insurance contract
Failure to fulfill obligations defined by the insurance contract may result in a refusal of insurance compensation.
If the policyholder fails to pay the insurance premium (or its first installment, if paid in parts) within the terms and amounts specified in the contract, the contract is considered not to have entered into force. In the event of non-payment of a subsequent installment of the insurance premium (if paid in parts), the contract terminates.
8. Information on the possibility of purchasing the insurance product separately
The insurance product is not an additional service to other goods, works, or services that are not related to insurance.
9. Conditions for receiving discounts on the insurance product and promotional offers from the insurer
No discounts or promotional offers are provided for this insurance 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’s profession,
- place of work,
- participation in sports,
- existing disability group,
- changes in the Insured Person’s health condition,
- working conditions that increase the risk of illness or injury,
- the Policyholder’s insurable interest in the insured object,
- active insurance contracts related to the life, health, and working capacity of the Insured Person.
11. Taxation of insurance payments and application of tax benefits
The taxation of insurance payments is specified on the insurer’s website at the following link: https://uniqa.ua/storage/files/shares/ Публічна інфа/Порядок оподаткування страхових виплат.pdf
This insurance product does not provide for tax discounts (tax benefits).
12. Conditions for reducing insurance sums and/or insurance payments in case of non-payment of the insurance premium in the amount and within the period specified in the contract (if the insurance product allows the insurer to unilaterally reduce the insurance sums and/or insurance payments)
The terms of this insurance product do not provide the insurer with the right to unilaterally reduce the insurance sums and/or insurance payments.
13. Amount and method of determining possible benefits exceeding the insurance sums and/or insurance payments established by the contract (if the insurance product defines such benefits and how they are determined)
The Policyholder under the contract is not entitled to bonuses (benefits) from the placement and management of assets covering the relevant technical reserves of the Insurer.
The contract does not provide for an increase in the insurance sum and/or insurance payments based on amounts determined annually by the Insurer according to its financial results for the year (participation in the Insurer’s profits), taking into account the regulatory requirements of the National Bank of Ukraine.
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/9007_umovy_04.07.2024.pdf
