In the event of a lethal outcome, the insurance payout is 100% of the insurance coverage.
In case of injuries, diseases, disability, the amount of payment in percentage of the coverage amount is determined according to the table of insurance payments for injuries.
In its purest form, risk life insurance implies death as a single insured event. In this case, the insured makes one payment or regular installments depending on the agreement. When an insured event occurs, his relatives receive the money.
Risk life insurance often becomes the basis for the so-called combined personal insurance, in which you receive payment even if you are sick or injured. No savings are made in this case.
In such a combined type of insurance, you can independently choose:
- Payout amount;
- List of possible adverse events (disability, injuries, deadly diseases);
- Term: from one year to 20 years or more.
The amount of premiums is calculated by the insurance company representative. It depends on the company's tariffs and other factors (for example, the amount of payments).
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