Tuesday, August 17, 2010

Life Insurance

  • The insurance company undertakes to pay insurance to the beneficiary specified in the contract in the event of death of the insured during the contract period, or at the end of the contract if the insured has survived, plus the profits earned in both cases.
  •  Co-insurance on the lives of two people with participation in profits.
      In this type of documents, including coverage of two people with ties to family or business relationships, where the pledges of the insurance company to pay the amount of insurance on the date of expiration of the term insurance if under two insured their lives to survive, either in the case of the death of one of them before the end of the period of insurance, the company acted immediately the amount of insurance to the other person insured on his life and surviving in addition to the profits until the date of death.
  • Insurance dowry and education with earnings and a pension.
      The father did this type of insurance to ensure that the amount is paid to his son or his daughter as expenses of higher education or dowry at marriage, and pay the amount of insurance at the end of the period of insurance for the father, the contractor, if it exists at the date of the end of the insurance if it continues to insurance as of that date, but if the father died during the portability of health insurance, exempt document the payment of premiums that deserves it after his father's death and continue the original insurance under the same conditions but Atchetrk document in profits for the period of exemption from premiums - In addition, the company pays of the Son of pension each year until the end of the period of insurance or even death before, and is paid pension in two installments every six months once, but if the son died during the life of a parent during the validity of insurance, are paid the original amount of insurance company profits plus Almsthakpany the death of the Son according to the following:
    • If he was over 5 years to pay the full amount of insurance with profits and ends with insurance.
    • If the age of 3-5 years pay 50% of the amount and the profits and ends with insurance.
    • اIf the age of 1-3 years only 25 of the amount and the profits and ends with insurance.
  • Investment insurance with participation in profits secured
      The amount of the basic insurance at the end of the period of insurance to the insured plus share the document of the profits of investment and other earnings, and add the profit share as at 31 December of each year, inter annual installments basic paid a year or more (on a compound interest) But if the insured person died during the life insurance, beneficiaries pay a company for the full amount of basic insurance, plus a share of the profits of the document, investment and other earnings declared at the date of death.
  • Insurance is mixed with the early payments to participate in the profits
     Hold this type of insurance for periods of 12 years - 15 years - 18 years - 21 years old, in the case of the survival of the insured person alive until the end of the insurance pays the amount of insurance as the following: a - at the end of one third of primary insurance, for example, if the period of insurance 12 years the company pays a quarter of the amount of insurance (2500 d. k, if the amount of insurance 10000 d. k) after four years - at the end of the second third (ie, after another four years the company pays a quarter of the amount of insurance II (2500 d. as if the amount of Insurance 10000 d. k) At the end of the insurance of any after 12 years, the company pays the remainder of the amount of insurance is (half) any amount 5000. k plus profit by this example. b - As if the insured person died during the lifetime of insurance, are paid full amount of the insurance company without deducting any payments previously paid to the insured plus the profits that have accrued to him until the date of death.
  •  Life insurance
      The insurance company undertakes to pay insurance to the beneficiary specified in the contract upon the death of the insured at any time during which he spoke of death that any insurance protection afforded by this type of insurance for the duration of the life of the insured without any limitation of time in which he talked of death.

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