Insurance plans

Insurance plans

What is the Saving-Insurance Plan “Perspective”?

What is the Saving-Insurance Plan “Perspective”?

The Saving-Insurance Plan “Perspective” is your way to save funds and at the same time to protect your standard of living in case of unfavorable events. The financial plan guarantees you payment of a pre-agreed sum after a pre-defined period or in case of an accident of death.

Conditions:

  • The insurance term is 5 to 35 years.
  • The insurance currency is EUR. The premiums can also be paid in leva at the exchange rate of the Bulgarian National Bank.
  • Payment is single time, or periodical – with annual, half-yearly, quarterly, and monthly installments.
  • In case of death the sum insured will be paid to the beneficiaries. At the end of the insurance term, the insured person gets the sum invested plus the yield generated during the period.

Benefits

  • Tax Benefits - The amount of the annual tax basis is reduced by the amount of the personal contributions paid during the year (in the amount up to 10% of the tax basis, and this amount includes the premiums for coverage of additional risks).
  • The sum insured which is paid in case of death of the insured, is doubled in case of death due to an accident, and tripled in case of a traffic accident.
  • In case of policy surrender, part of the sums accumulated can be paid off in case the insurance plan meets specific requirements: if the premium is paid as a single time payment, the funds can be paid off at any moment, in case of periodical payment of premiums, the amount can be paid off after at least two complete years have passed since the time of signing the insurance agreement.
  • Additional options may be added to the basic insurance plan for protection against various risks which provide an opportunity to increase the amount of the payment guaranteed in case of unfavourable events.

Main information documents

 Saving-Insurance Plan “Perspective”

Last update: 04.02.2020