A LIFE CLASSIC is a policy package of mixed life insurance. In the basic package, it provides savings with guarantee, protection from basic risks, and the additional risk from an accident. At the same time, it provides policyholder with more flexibility, through the possibility of the insurance cooling-off period, and early repurchase.
A LIFE CLASSIC is a life insurance policy by which the INSURER agrees to pay to the said INSURANCE BENEFICIARY, INSURED PERSON or to his or her designee, the INSURED AMOUNT in case of endowment of insurance expiration, or in case of his early death, before the expiration of the insurance. With this life insurance policy, it is mandatory to contract and an ADDITIONAL (SUPPLEMENTAL) INSURANCE, by which the INSURER agrees to pay to the insured person, or to his or her designee, the INSURED AMOUNT, if during the term of the contract an ACCIDENT occurs, and causes death of the insured person due to the accident, disability as a result of injuries received in the accident, and hospitalization as a result of injuries received in the accident.
Examples of calculations for multiple premium payment:
It’s good to know!
With multiple premium payments, choose annually, semi-annually, quarterly, or monthly payments.
Take advantage of the additional benefit and increase your insured amounts by paying your insurance premium:
- Annually: an increase of insured amount by +2%
- Semi-annually: an increase of insured amount by +1,5%
- Quarterly: an increase of insured amount by +1%
You want even more security and protection. In packages 2 and 3 increase your insured amounts:
- in case of early death due to illness, up to 2x
- in case of early death due to an accident, up to 4x
- in case of disability due to an accident up to 2x
You possess a certain amount of money for the longer period?
You want the protection and the investment at the same time. The best way to achieve that is to select a one-time premium payment in advance, for the entire insurance period. By this, your funds are protected for a period up to 15 years.