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Additional options for life insurance policies

Life insurance shows a high degree of responsibility to your family. For example, the death of one of spouses very often means an inevitable decrease in the quality of life for the remaining family members. Correctly selected life insurance product can completely close these risks, and additional services in the form of regular free medical tests, no matter how grandiose it may sound, can save life by revealing a serious illness at an early stage.
Additional options for life insurance policies

Life insurance contracts are divided into two types: endowment contract and term life insurance policy, according to the press service of JSC Eurasia Life Insurance Company. A term life insurance contract is valid for 12 months. Payments are made only in case of insurance event.

An endowment contract, on the contrary, is concluded for a long-term period, can be valid for up to 30 years and provides not only for the payment of the insured amount in case of insured event, but also is a long-term financial planning tool that allows accumulate the necessary amount for an important event, for example, children’s education. For example, a 25-year old client of an insurance company that has a 3-year-old child is already thinking about his education and plans to accumulate 3,000,000 tenge by his 18th birthday. An accumulative life insurance contract with the required insurance amount is concluded for 15 years. The monthly installment under such an agreement will be only about 15,000 tenge. After 15 years, in the absence of insurance claims, the company pays the entire insurance amount plus investment income. In case the insured event occurs during these 15 years, the insurance company pays out up to 100% of the insured amount, regardless of how many contributions the client has managed to make. Thus, under any scenario, the availability of necessary funds for child’s education is ensured.

It is also worth noting the additional services provided under life insurance contracts. The services that improve the life of customers and preserve the most important thing, health, are the logical complement to life insurance products.

“A healthy person has 1000 desires, but a person suffering from diseases has only one desire, to recover soon. Early disease detection in most cases is the key to success for a quick defeat of disease, and this was one of the key factors in choosing an additional service for our customers,” JSC Eurasia Life Insurance Company notes.

Life insurance is not just a fashionable trend; it is a reasonable and responsible step towards the financial well-being of the family and confidence in the future in the event of an adverse life scenario.

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