Bulgaria Insurance News

Group Accident & Health Insurance of Bulgaria

 Group Accident Insurance provides coverage for bodily injuries or accidental death for a group of individuals. That group can consist of all or part of the employees in a company, members of associations or clubs or all customers of an organization. The Insurance coverage may be used as standalone coverage or in conjunction with an existing employee benefits plan as supplement coverage. It requires a minimum level of administration and medical evidence or proof of good health is not required.

Accident coverage is actually available for almost any duration of time. Depending on client’s needs -  operational time of cover can be 24 hours, occupational and commuting, occupational only, while travelling, etc. Almost every eventuality that can lead to an accident can be  covered under the Group Accident Insurance. Supplemental health covers can also be added making it the most comprehensive personal cover.

Compulsory Labour Accident Insurance-provided in compliance with the requirements of the Regulation for Compulsory Insurance of Employees Against the Labour Accident Risk (Official Gazette No 15/2006, endorsed by the government Decree No 24/06.02.2006). This insurance is designed for employees appointed on risk-related job positions. As per employers discretion all employees can be covered by the policy.

Compulsory Labour Accident Insurance provides coverage for Accidental death, permanent disability and temporary disability of the insured persons during the operative time of cover, which can be occupational only or occupational plus commuting. The minimum sum insured for each insured person is seven times the annual gross salary of the employee. The cover is valid worldwide.

 
Group Personal Accident Insurance–this product is very flexible to the client’s requirements and can provide a range of covers valid up to 24-hours worldwide for accidents arising from work/personal/social activities of  the insured persons. The main covers for accidental death, permanent total and partial disability due to accident and temporary disability can be combined with many supplemental accident and health covers like medical expenses due to accident, daily hospital cash due to accident or sickness, in-hospital surgery benefit, etc. The product provides the option for different groups of insured persons covered by a policy to have different levels of covers and benefits.

Critical Illness Insurance - Critical Illness Insurance offers a way for protection against the financial hardships associated with surviving a critical illness such as cancer, heart attack, stroke, multiple sclerosis, motor neuron disease, kidney failure . If the insured person is diagnosed with a covered critical illness, we will pay him/her the designated benefit amount.  This benefit can be used for any purpose, from immediate health-related costs to more general financial needs such as lost income or mortgage payments.