Risk life insurance for company employees
Life insurance for company employees
Whether it is death due to illness, unexpected health problems, or fatality – these cases are covered by life insurance.
If speaking about employee insurance, you first think of employee accident insurance and you've already taken care of the unexpected cases (e.g. death on the roads) – the logical step would be to extend the coverage with life insurance.
- The amount of the insurance benefit can be equated to the amount of annual work income (or a part of it).
- We make it possible for the employee to appoint a beneficiary in the event of death, so that the benefit reaches the relatives immediately.
- The experience of international networks working with Insurope and Zurich will help to provide high-quality insurance solutions and adapt globally valid schemes to international customers.
Why to choose ERGO insurance?
Multifaceted financial support
You can choose the desired sum insured and duration (the minimum sum insured must be not lower than EUR 1,500, and the maximum amount is unlimited). Often, the sum insured of life insurance is equal to the employee’s wages for several years.Comprehensive accident insurance package
Employees may be covered by additional accident insurance that includes coverage of insurance against death, insurance against disability, insurance against temporary disability and insurance against bone fractures. It is also possible to choose additional medical assistance insurance, daily allowance or hospitalisation allowance.Favourable conditions of insurance against cancer and other critical illnesses
You can choose additional critical illness coverage (not applicable for one-off premium insurance option). For adults, we apply a wide list of critical illnesses (17 illnesses). This insurance coverage takes effect after 3 months.Insurance of permanent incapacity for work
If the insured persons becomes fully incapacitated for work and the level of participation (working capacity) is determined to be 0-25%, the full insurance amount is paid out.We cooperate with international networks
The purpose of the networks INSUROPE and Zurich insurance group is to provide international customers with the highest quality insurance services and the most appropriate, efficient and competitive insurance solutions on a global scale. For more information: www.ergo.lt/insurope.Frequently asked questions about life insurance
ERGO life insurance for business is a non-cumulative life insurance covering the person only against the risk of death (sometimes referred to as the risk insurance). The sum insured is paid out if your employees dies due to illness or is killed during the insurance period.
The life insurance benefit is paid out in the event of the death of the insured employee due to illness or accident, with the exception of non-insurable cases specified in the rules, more information on them is available here: [link]. In the event of death, the insurance benefit will reach the beneficiaries much more quickly if you designate the employee as the beneficiary. The beneficiary may be appointed by the insured person when concluding the contract and changed before the occurrence of an insured event by notifying the insurer in writing.
