Insurance against incapacity for work for business customers
Disability insurance for employees
Unexpected life challenges can strike at any time, and the loss of working capacity affects the ability to support loved ones and ensure the former level of income. In this case, we will make sure that your employees do not have to experience financial worries.
In case of full incapacity for work and determination of 0-25% participation (capacity for work) level, the full sum insured will be paid out.
The fact of full loss of participation (working capacity) is confirmed if such incapacity of the insured persons continues uninterruptedly at least for 12 months. The criteria and procedure for determining the level of participation are established by the Ministry of Social Security and Labor of the Republic of Lithuania in cooperation with the Ministry of Health of the Republic of Lithuania. For more information on the criteria for determination of working capacity, read here.
Interested in consultation on insurance? We are ready to help you.
Frequently asked questions about insurance against incapacity for work
This is the condition of a person when, due to health, the ability to perform income-related activities, works that do not require special knowledge, qualifications and skills is completely restricted, and the person’s participation (working capacity) is estimated to be no more than 25%. The level of participation (working capacity) is determined for persons up to the age of majority if they are (were) covered by state social insurance and for persons of legal age.
The criteria and procedure for determining the level of participation are established by the national legal acts. For more information on the criteria for determination of working capacity in Lithuania, read here:
When the event is recognised as an insured event, the total sum insured the amount of which is specified in the insurance contract is paid out.
We pay out 100% of the amount specified in the insurance contract if the insured person has up to 25% participation (working capacity) due to a change in health that occurred during the period of coverage, when the condition continues uninterruptedly at least for 12 months. The events considered as non-insured are set out in the insurance conditions (rules).
