The insurance is voluntary and provides financial protection against events related to the life or health of the insured individual. Under this type of contract, compensation is paid only upon the occurrence of an insured event. If the insurance term expires, the insurer is not obligated to pay an insurance amount.
Covered risks (main):
- Death resulting from illness or accident
- Permanent loss of working capacity resulting from an accident
Additional risks:
- Temporary loss of working capacity resulting from an accident
- Hospitalization in the event of an accident
- Expenses for medications and consumables
Regarding the main types of risks, the insurance is valid both within the Republic of Bulgaria and abroad.