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  • Economic Insurance Plan (EIP)

    EIP is the ideal package for those who seek comprehensive insurance coverage combined with an opportunity to invest capital in a profitable way!

    G5S- Endowment Insurance with graduated death benefits and surplus participation (bonus)

    The sum to be paid on survival together with the accumulated bonus becomes payable at the expiry of the contract, while the insured person is alive. This insurance payment can be transferred to a bank account or you may choose to receive your accumulated capital as a pension under the PERSONAL PENSION PLAN from Medlife. If the insured person dies before the term of the contract expires, the death benefit to be paid will amount to as many fractions of the capital sum as years of insurance have expired (including the one in which the event occurred) in relation to the agreed-upon premium payment period.

    UTZ- Additional accidental death insurance

    The amount insured becomes payable, if the insured person dies as a result of an accident within the agreed-upon coverage period.

    UI- Additional accidental disability insurance

    The amount insured becomes payable, if to the person insured as the result of an accident a minimum of 30% permanent disability occurs. The grade of disability will be determined according to the disability percentage table shown in the General Insurance Conditions.

    RZ1- Additional risk insurance

    The amount insured becomes payable, if the insured person dies within the agreed-upon coverage period.

    • If the annual premium is less than USD / EUR 500, rate RZ1 cannot be included.
    • If the annual premium is USD / EUR 500 or more, RZ1 is worth USD / EUR 2.000.
    • If the annual premium is USD / EUR 800 or more, RZ1 is worth USD / EUR 3.000.
     

    EXAMPLE

     

     
     

    Person insured

    Man/Woman, 30 years old

     
     

    Term of contract

    15 years

     
     

    Annual premium

    USD      1.000 / EUR   1.000

     
     

    Sum insured G5S

    USD    13.917 / EUR 13.460

     
     

    RZ1

    USD      3.000 / EUR   3.000

     
     

    UTZ

    USD    13.917 / EUR 13.460

     
     

    UI30

    USD    13.917 / EUR 13.460

     

     

    Case 1:
    The insured person dies as the result of an accident, beneficiary is his wife. 10 years of the contract have passed.

    G5S incl. bonus*):

    USD 9.555 / EUR  9.435

     RZ1:

    USD   3.000 / EUR    3.000

     UTZ:

    USD 13.917 / EUR  13.460 

     Sum payable:

    USD 26.472 / EUR 25.895

     If the insured person dies after 10 years of insurance as the result of an accident, the sum payable to the beneficiary amounts to about USD  26.472 / EUR 25.895.
     

    Case 2:
    The person insured is alive at the end of the insurance term. What sum is to be paid out?
     

    G5S:

    USD 13.917 / EUR  13.460

    + bonus*):

     USD   835 / EUR    1.372

    Sum payable:

     USD 14.752 / EUR 14.832

     

     At expiry of the contract, after 15 years, the sum to be paid out on survival amounts to about USD 14.752 / EUR 14.832.

    *) Figures referring to future profit shares are the result of calculations made on the basis of present circumstances. The actual amount of the profit sharing bonus will depend on the developments of the capital markets, the actual investment income and the future cost trend and risk experience. Therefore such information is not binding. 

    V: 1.1.2021