GSEP ECONOM
GSEP-ECONOM, unlike GSEP, allows its employees to accumulate a larger amount of capital, for example, for the subsequent possible payment of an additional pension.
TERMS OF CONCLUSION OF GROUP INSURANCE AGREEMENT
10 people
Legal entity (enterprise, organization, partnership)
Can be both the policyholder and or insured person, or another person specified in the application for concluding an insurance contract
200 dollars USA (3,000 UAH) for one Insured Person
WARNING! The main difference between group insurance programs is that the Insurer uses the average age of 40 years and male gender for all Insured persons to calculate insurance premiums when concluding insurance contracts or changing their terms, regardless of the actual age and gender. This enables the Legal Entity to change the Insured Person(s) to another Insured Person(s), for example in case of dismissal of an employee(s).
GSEP Econom guarantees:
Payment of the guaranteed sum insured together with accumulated bonus reserves after the contract expires
In the event of the death of the Insured during the period of validity of the insurance contract, the Beneficiary is paid a part of the sum insured under the main insurance, which is proportional to the period of validity of the insurance contract, together with accumulated bonus reserves
In case of death of the Insured person as a result of an accident, in addition to life protection payments, the full insurance amount is paid at the accident insurance rate.
When the Insured Person is diagnosed with long-term disability as a result of an accident:
• from 50% – the insured person is paid the insurance amount after the expiration of the insurance contract. At the same time, the policyholder is exempted from paying regular premiums;
• full (100%) – the insured person is additionally paid the insurance amount according to the accident insurance tariff.
| Term of insurance | 20 year |
Annual insurance payment | 3 000 AH |
| Guaranteed sum insured | 62 241 UAH |
| Sum insured for additional death risk insurance | 62 241 UAH |
Insurance payments
The year of the insured event | Payment in case of death (together with bonuses), UAH | Payment in case of death due to an accident (together with bonuses), UAH | Payment at the end of the term of the contract (together with bonuses), UAH |
| 2 | 6 224,10 | 68 465,10 | х |
| 6 | 20 251,40 | 82 492,40 | х |
| 11 | 44 007,33 | 106 248,33 | х |
| 16 | 79 866,14 | 142 107,14 | х |
| 20 | х | х | 127 252,85 |