Thus you can increase the amount of the insurance payment, broaden the range of the insurance protection, or include other persons in the insurance that also need to be protected. Additional coverages can be added only if an agreement is signed for a basic insurance plan.
NN offers additional insurance protection against the following groups of risks:
Death due to an accident
NN Life Insurance provides additional financial protection in case of death as a result of an accident that has occurred during the period of insurance. If the death is related to a traffic accident, NN increases the payment with 50% of the sum due in case of death as a result of an accident. Apart from the person insured, an unlimited number of persons can be included to the additional coverage.
Permanent disability as a result of an accident
Loss of working capacity is most often accompanied by a sudden decrease of income and financial standard. That is why it is a good idea to add to your insurance plan, whatever the plan may be, the risk of permanent disability associated with an accident. The amount of the insurance payment depends on the percentage of permanent disability (over 50%), and this percentage is determined by an Expert Disability Assessment Medical Commission or the National Disability Assessment Medical Commission, and is to be confirmed by a medical expert of the insurer. This additional coverage may also include other co-insured individuals (children or adults).
Exemption from premium payment in case of permanent loss of working capacity
This coverage plays the role of insurance in your financial-insurance plan. In case of loss of working capacity before the term of your financial-insurance plan, this plan may stay active, while you are not obliged to pay the premiums due. To take this opportunity, you need to include this additional coverage in the agreement. This will allow for your premiums to be paid by the insurance company and all your rights as an insured individual to be in force. This coverage comes to force in case of permanent disability over 50% in case of an accident, and in case of permanent disability over 70% - in case of disease.
The onset of a dread disease is accompanied by consequences, among them a change in financial standard. In case of onset of some of the 16 most common dread diseases*, NN Life Insurance will pay a sickness benefit that will help with treatment and coping with the change in your life. Upon signing the agreement, you decide on the amount you receive in case of dread disease. This amount also depends on the sum insured on the basic insurance coverage.
*Among these diseases are: Alzheimer’s disease; kidney failure (end-stage); benign brain tumor; loss of speech; hearing loss; third-degree burns; implantation of coronary artery bypass; myocardial infarction; coma; multiple sclerosis; stroke; paralysis; Parkinson’s disease; cancer (malignant neoplasms); blindness; transplantation of a vital organ.
NN gives you the opportunity to ensure yourself and your children a high-quality treatment in case of surgical intervention by receiving a sum predetermined in the agreement. In case of a surgical treatment following illness or an accident, you will be protected according to the amount you decide on for coverage for surgical treatment in a hospital of your choice in Bulgaria.
In case of an accident NN Life Insurance pays the sum insured for surgical treatment in a medical institution on the territory of the entire European Economic Area (Austria, Belgium, Cyprus, The Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Lichtenstein, Latvia, Lithuania, Luxemburg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and The United Kingdom).
Hospital stay is not a pleasant experience but at least you can free yourself of the financial worries involved. This is possible if additional coverage for hospital stay is added to your NN Life Insurance plan. Depending on the sum insured you choose, you will receive a certain amount for the days of hospital stay. The coverage for hospital stay related to a disease is relevant to the territory of Bulgaria only, and when it is because of an accident – on the territory of the European Economic Area (Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Lichtenstein, Latvia, Lithuania, Luxemburg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
For further information regarding each of the additional coverages you may contact our Customer Contact Centre at 0800 11 464, at firstname.lastname@example.org r visit the nearest office of NN.
The conditions for the additional opportunities for insurance protection described above are not exhaustive. Detailed information about them can be found in “General Terms and Conditions of Life Insurance and Additional Insurance”, in “General Terms and Conditions of Life Insurance linked to an Investment Fund”, and the pre-contract information, respectively. Before adding an additional coverage to a basic insurance coverage, NN Life Insurance recommends its clients to become well acquainted with the risks covered, the conditions under which the insurer pays the sum insured, including awaiting periods and definitions given by the insurer.