Accident insurance. Accident insurance - cost, how to get it and is it worth it What is included in accident insurance

Any person, even one who pays great attention to his physical condition, on some day that is unlikely to be wonderful for him, may well wake up in a hospital bed. And completely unexpectedly for yourself and for all your loved ones. And accidents do not bypass even the most ardent adherents healthy image life.

Unfortunately, such emergency circumstances not only dramatically change the usual way of life, but also cause large, and even completely unplanned, expenses.

Basics

The purpose of accident insurance, referred to as personal insurance, is to provide financial support during the recovery period after an injury or during an unexpected serious illness.

Any citizen (otherwise the policyholder), according to Article 934 of the Civil Code of the Russian Federation (Chapter 48 “Insurance”), has the right to insure himself or any other person against an accident or illness.

As you know, long-term treatment, and even more so loss of work due to disability, almost always has an extremely negative impact on the financial situation of both the victim and his entire family. Timely accident and illness insurance can help you avoid financial disaster caused by unexpected disability.

Insurance payments from an accident insurance policy help pay for the necessary expensive treatment and can also be used for subsequent rehabilitation.

The most frequently insured risks:

• complete loss of ability to work with the establishment of the appropriate degree of disability;
• partial disability resulting from a domestic injury or workplace accident;
• emergency hospitalization;
• loss of professional ability to work;
• sports injuries;
• death due to an accident.

Payments under the policy are made in the form of:

• full or partial sum insured;
• insurance benefit or daily remuneration assigned for the entire period of incapacity;
• assignment of an additional pension (temporary or permanent).

The exact amounts, terms and duration of payments depend on the terms of the specific accident insurance contract.

According to the law, every capable citizen can make a conclusion, both in relation to himself and his loved ones. Legal entities can also act as insurers, for example, of employees of their companies, school students or athletes.

Important! Payments under contracts are not made:

• if the cause of injury or death was the illegal actions of the injured person;
• in case of intentional self-harm or suicide attempt;
• for injuries caused by driving while drunk.

Types and programs

Insurance companies offer a variety of life and health insurance options. The most popular among them are:

• Life or health insurance for individuals. It is possible to insure not only yourself. This type of insurance also makes it possible to take care of any family member or loved one. The amount of payments within the insured amount specified in the contract depends on the duration of the disability or the severity of the injuries received.
• Insurance for company employees. At the request of the employer concluding the contract, insurance protection employees of his organization may be available around the clock. However, a company may wish to issue an insurance policy for its employees only against accidents incurred in the performance of their official duties, but not in domestic conditions or on vacation (this type of insurance is often found). Insurance may also cover the duration of travel to the place of work. Such voluntary collective life insurance against accident or illness often turns out to be very beneficial for the employer and allows one to avoid litigation.
• Insurance for citizens paying off loans. The presence of an insurance policy will relieve the borrower who has lost his ability to work from the need to fully repay the debt to the bank. And in the event of the death of the insured person for the reason specified in the contract, the insurance company will assume all of his credit obligations, thereby relieving his heirs of the financial burden.

Children's insurance

As you know, a child is not always able to correctly predict the consequences of his actions. And high physical activity, characteristic of a young age, leads to the fact that schoolchildren and younger children get injured in a normal environment much more often than people with life experience.

You can take out insurance for your child against accidents (illness). individuals- his parents or immediate relatives.

In this case, an individual insurance policy is issued for the child.

If the insurers are an organization (legal entity), for example, a secondary school, a children's club or a sports section, then most often they enter into a collective insurance agreement for a group of children at once.

Main insurance cases:

• child being injured;
• diagnosed serious illness (so-called critical illness);
• complications after treatment;
• disability;
• death of the insured child.

In case of an insured event, parents are paid a certain percentage or the insured amount in full (depending on the terms of the contract).

Sports and accident insurance

The risk of serious injury is slightly higher for people who exercise regularly than for those who do maximum exercise. morning exercises. Of course, this means sports that involve serious physical activity. Playing chess or checkers, even at a professional level, is clearly not a traumatic sport.

Insurance companies most often offer insurance to professional athletes for the entire duration of their participation in competitions (including travel to the competition site). A period of intense training can also be covered. For amateur athletes, it is most important to purchase an insurance policy if they are involved in traumatic sports, and even more so in extreme sports.

The insurance contract for athletes provides for increasing coefficients, depending primarily on the traumatic nature of the sport, as well as the regularity of competitions and training.

It should be noted that insurance benefits under a regular policy may be denied if the injury was sustained in competition or during extreme physical activity.

Accident insurance and VHI policy

Quite often people confuse illness (accident) insurance with purchasing a voluntary policy. health insurance. The main differences between these types of personal insurance:

• if you have a health insurance policy, only necessary treatment and a number of medical services are provided (paid for);
• An accident or illness insurance contract provides for the receipt of insurance (monetary) payments in the event of illness of the insured person or injury.

The life and health of an individual in the event of an accident, illness, disability or death. The beneficiary can be either the Bank or another person determined by the insured.

Insurance cases

• Death of the insured person (borrower) as a result of an accident or illness
• Loss of ability to work by the insured person (borrower) and the establishment of disability of group I or II as a result of an accident or illness
• Temporary disability

New services

• Remote medical consultation
• Second remote medical opinion

Tariff for connecting to the insurance program

Voluntary life and health insurance of the borrower - 2.4% per year

Voluntary life insurance, health insurance and in connection with involuntary loss of work - 3.6% per year

Voluntary life insurance and in case of diagnosis of a critical illness – 3.6%.

Voluntary life and health insurance of an individual with a choice of parameters - 2.6% per year

The program is carried out in partnership with Sberbank Life Insurance LLC (licenses Central Bank SZh No. 3692 dated 07/04/2016, SL No. 3692 dated 07/04/2016. Address: 121170, Moscow, Poklonnaya St., 3 building 1).

The client has the right to purchase protection from any insurance company.

Updated 02/27/2020 Views 3072 Comments 10

To mitigate the financial consequences of an accident, you can take out insurance. There are accident insurances for ordinary life (called life insurance), but it is when traveling that such risks greatly increase.

But, on the other hand, as with all insurances in general, you first need to understand the conditions so as not to pay in vain. Now I’ll tell you what it is, whether you need to take out accident insurance or not.

Accident insurance

First, briefly about what it is and whether it should be done. And in the second half of the article, read the details.

What kind of insurance is this

Accident insurance is, as a rule, not a separate insurance, but only an additional option to travel insurance (traveler’s insurance). First of all, you need to select, but whether this option will be there is a second matter.

The most important thing you should know! Visits to a doctor abroad, tests and examinations, hospital stays are paid on the basis of travel insurance (travel insurance) and within its insured amount. That is, all medical assistance is provided regardless of the presence of the “accident” option in the policy. This option does not help you abroad in any way, it’s about something completely different.

Accident insurance involves paying compensation after injury or disability. This payment is made after your return to the homeland. And you can spend this money wherever you want, even on rehabilitation, or on a new wardrobe.

Do I need to buy it?

The Accident option is an optional option and will increase the cost of the entire policy if you add it. The decision is yours. Do you need a separate payment of money after an accident or will only be enough to cover medical expenses under regular travel insurance.

If you are initially considering NOT budget insurance, but more expensive ones, then very often they already include this option. You won't have to pay anything extra. In general, more expensive policies differ in that their price includes a bunch of different options by default.

It happens that when you buy a plane ticket in some service, along with it you will be offered to buy accident insurance. It can be valid both during the flight and for the entire trip (you need to check the conditions). In exactly the same way they can offer. Actually, if these options are already included in your basic travel insurance, then there is definitely no point in paying for them again.

Buying insurance

What you need to know

• Insurance companies consider an accident to be an event that occurs SUDDENLY and results in serious injury, illness, temporary disability, disability or death. Injuries that are considered an insured event can occur in a road accident, an attack by a criminal, a fall from a height, or domestic injuries (for example, a burn with boiling water).
• Insured events can also be situations that occurred during the validity of the contract, but resulted in the death of the insured or the assignment of disability for some time after the end of the insurance. All these terms are in the contract.
• The injury must be on the payout schedule, otherwise there will be no payment. You must keep in mind that the payment may depend on the wording of the diagnosis in your medical documents. In controversial cases, the insurance company will interpret the doctor’s conclusion in its favor, so it is better that the diagnosis most closely matches the column in the payment table.
• If you buy a policy for the whole family at once and add the option of accident insurance, then this option applies to everyone. To use this option for one person, for example, a child, you will need to issue him a separate policy with this option, and for the others a policy without the option. This way you can save money.

When insurance doesn't work

Each insurance contract contains a list of situations that will not be considered an accident.

• Events that occur outside the territory or insurance period specified in the policy.
• Accidents that cannot be considered unforeseen. For example, due to mental disorders of the insured, chronic diseases, etc. The consequences of infectious diseases, strokes and heart attacks may also be included in the list of exclusions from insurance events.
• Insurance cases during force majeure circumstances: military operations, strikes, natural disasters, etc.
• Insured events during sports activities, if these sports are not initially included in the traveler’s insurance itself. To enter, you need to add a separate option “Sports”, “Active recreation”, etc.
• If at the time of injury the insured was under the influence of alcohol or drugs. If the insured was injured while committing criminal acts. In case of death as a result of suicide, or if the insured intentionally caused harm to his health.

Cost and sum insured

I would not buy accident insurance separately, since it does not replace medical travel insurance, on the basis of which medical care will be provided. Therefore, it is better to take out accident insurance as an additional option to the main insurance.

There is a separate sum insured for the “accident” option. You choose it yourself. The higher this amount, the more expensive the policy will cost. Try playing with the filters on the right on or to see how the price changes.

Typically, the choice of sum insured ranges from $1,000 to $25,000. But on the websites of some insurance companies you can choose a larger amount. And remember, this amount is in no way related to the sum insured for the entire insurance.

Accident insurance - an additional option for extra money

Payment amount

The amount of payment depends on the sum insured. The higher the sum insured, the greater the payment. But most often, not the entire sum insured is paid, but a percentage, which depends on the type of injury.

The maximum (100% of the insured amount) will only be in the event of the death of the insured (will be received by the heirs or the beneficiary specified in the contract). Therefore, do not think that if you are insured for $1000, then if you break your arm, you will receive it all. No! For a leg/arm injury, only 10–20% of the insured amount will be paid, that is, only $100–200.

The amount of payment is always proportional to the damage caused to the health of the insured person. The more severe the injury and its health consequences, the more insurance compensation. All information must be indicated in the payment tables in the insurance contract or in an appendix to it. For example.

If you receive the second group of disability, you can receive about 75% of the sum insured, with the third - 50%, and for a leg/arm injury you will pay only 10-20%. For 1-2 degree burns, the rate may be 0.3% of the total insurance amount. For injuries to the face, neck, ears, the tariff is 0.5%. Payment for “temporary disability” is considered to be 0.2–0.3% of the insured amount for each day of incapacity, but the payment period is usually limited to 60-100 days. Also, in such cases, insurance companies often use a temporary deductible from 10 to 30 days; this period is not taken into account when calculating the insurance payment.

What to do in the event of an accident

The first thing to do is get medical care, which will be provided as part of travel insurance. I repeat, the presence of the “accident” option does not matter.

Therefore, call assistance () and go to the designated hospital. If this is impossible (for example, if you are unconscious), then the ambulance will decide where to take you. As soon as the opportunity arises, you will need to contact the assistant and resolve questions about your stay in the current hospital, whether they will pay, transport you to another, or whether you will have to pay for it yourself and then receive reimbursement.

And only after you have resolved all the treatment issues, you can start thinking about payment in connection with the accident. This is usually done when returning home from a trip. But it’s better to start the process early, while still in the hospital (if possible) in order to check the availability of all the documents necessary for payment.

Payments for an accident are made by the insurance company (not assistance), so you must notify them of the accident and that you want to request payment. As a rule, you need to provide all documents no later than 30 days after returning to your homeland.

List of documents for payment

When you contact the insurance company, you will be given a list of documents. They vary depending on the insurance company, so I can't give an exact list. I'll write what might happen.

— Application, passport and insurance policy.
— Certificate from the doctor who provided first aid. Or a certificate from the medical institution where the inpatient treatment was carried out. The certificate must indicate a medical report and diagnosis.
— Accident report, an official document confirming the circumstances of the accident. With signatures, if possible, of all witnesses and responsible persons.
— When establishing disability, it is necessary to provide copies of the medical history and extracts from outpatient and medical records, as well as documents confirming the connection between the accident and the assignment of a disability group

If the insurance payment is made upon the death of the insured person, you will additionally need:

— Original or notarized copy of the death certificate of the insured
— Identity document of the beneficiary (heir)
— A notarized copy of the certificate of inheritance

After submitting the documents, the insurance company representative must register your application and communicate it to you registration number(you can use it to find out the status of the application). After which the insurance company will consider your case within 1-2 months.

Life hack #1 - how to buy good insurance

Choosing insurance now is incredibly difficult, so to help all travelers. To do this, I constantly monitor forums, study insurance contracts and use insurance myself.

The product line includes classic products with individual conditions and boxed products with fixed insurance amounts and premiums, which reduces the time for drawing up a contract.

Programs voluntary insurance from an accident (AS) include all the main risks that occurred as a result of an accident: death, disability, bodily injury (injury). There are also additional risks: surgery, hospitalization, temporary impairment of health as a result of infection.

Classics - “Standard” and “Optima”:

• Insurance of individuals from 1 year to 70 years on the expiration date of the insurance contract.
• Insurance territory of the Russian Federation or the whole world to choose from.
• You can insure for a period from 1 month to 1 year.
• The Optima program includes additional insured risks as a result of emergency situations: Surgery, Hospitalization, Temporary impairment of health as a result of infection.

Boxed product "Express Protection":

• Fast and convenient individual insurance, including all the main risks of persons whose profession is low-risk. It is possible to include sports at the amateur level in your insurance coverage.
• Individuals from 18 to 65 years of age on the expiration date of the insurance contract are accepted for insurance.
• Insurance period is 1 year.

Boxed products for the whole family “Family” and “School Time”:

• An insurance system that will protect all family members.
• The “Family” policy allows you to insure close relatives of up to 6 people aged from 3 years to 70 on the expiration date of the insurance contract.
• The School Time program allows you to insure children for 24 hours a day, including being at school and playing sports. Children from 3 years to 18 years old on the expiration date of the insurance contract are accepted for insurance.
• Insurance territory is the whole world.
• Insurance period is 1 year.

Boxed product "Green Light+":

• For those who often travel by personal car and want to protect themselves and family members in case of accidents as a result of an accident.
• Individuals aged from 3 years to 64 years on the date of conclusion of the insurance contract are accepted for insurance.
• The maximum number of Insured persons in one policy is 3 people. Insurance territory is the whole world.
• Insurance period is 1 year.

Boxed products for athletes “Multisportsman” and “Multisportsman +”:

• These boxed products are designed for people who are involved in professional sports and participate in competitions.
• Individuals from 3 to 70 years of age on the expiration date of the insurance contract are accepted for insurance.
• The policy is valid in the Russian Federation and CIS countries.
• Under the “Multi-Sportsman” program, the insurance period is 1 month.
• Under the “Multi-Sportsman +” program, the insurance period is 1 year.

Special boxed product “Extreme” for people involved in extreme sports:

• The “Extreme” policy allows you to include extreme sports in your insurance.
• Individuals aged from 14 to 70 years on the expiration date of the insurance contract can be insured.
• The “Extreme” policy covers the whole world and is valid for 1 year.

If you need to take out a voluntary accident insurance policy, then call the multi-channel phone number 8 800 755-00-01 and get qualified advice from a specialist. We will help you choose the optimal insurance program for you.

We know that an accident can suddenly cause harm to a person’s health. This will prevent him from working and deprive him of his income. Accident insurance allows you to compensate for the financial losses that any person may suddenly face.

1. What is an accident

And first, let's clearly define what we intend to protect ourselves from. Often insurance companies describe the accident as follows:

Accident- this is a short-term, sudden, unintentional external event that occurred against the will of the insured and/or beneficiary, and is not a consequence of a disease - which resulted in bodily injury or death.

It immediately follows from the definition that the disease is not an accident. NS is a very fleeting external event that a person could not foresee, and which caused damage to his health or led to death.

A classic example of an accident is the moment in the film “The Diamond Arm” when Semyon Semyonich falls onto the sidewalk after slipping on a watermelon rind. He didn’t want this, everything happened suddenly, and very quickly:

A second before the sudden fall

The result is a broken arm, disability for several weeks, and lost income during this time. It is precisely this income that we can return to the family with the help of accident insurance.

2. What is NS insurance

A personal injury insurance policy is a contract with an insurance company under which a person pays a premium and the insurance company is obligated to make a large payout upon the occurrence of insured events specified in the policy.

And here the question arises: why do people need such a policy?

An accident insurance policy is designed to protect a person and his loved ones from sudden and sometimes very large losses. After all, an injury will prevent a person from working, which means it will deprive him of income for some time.

And if the injury is very severe, the person may become disabled and lose the opportunity to earn money for the rest of his life. Finally, fatal events are also possible - when as a result of an accident a person dies.

As a result, due to events that we cannot control, the family may suffer very large losses. This is where an accident insurance policy comes to our aid, protecting the family from such damage.

If a person is injured as a result of an accident, then, according to the contract, the insurance company makes a large payment to the person. This payment compensates a person for suddenly lost income and provides funds for restoring health. Thus, accident insurance ensures the financial security of the family.

3. Types of policies

Accident insurance policies can be divided into two groups: classic and extended insurance. What's the difference?

In classic accident insurance, the cause of damage to life and health is always an accident – ​​and only that. If we talk about extended accident insurance, then in such policies a person is protected both from accidents and from fatal diseases.

At the same time, very often insurance companies make the risk of “death by accident” any reason” is mandatory in those policies that can protect against deadly diseases. And since death for any reason is much more likely than death as a result of an accident, contracts with extended protection are already noticeably more expensive.

The main types of accident insurance policies are presented in the table:

Now let's take a closer look at specific policies that you can use to protect your financial interests from the consequences of an accident.

3.1 “Boxed” accident insurance policy

What is a boxed product? This is a product/service that can be used right out of the box. IN real life Such policies are opened as follows.

The insurance agent takes the policy form, indicates the client’s personal information, and checks the desired insurance amount from several predefined options. The selected level of insurance protection determines the cost of such a policy.

What is important to understand here?

When opening such a policy, a potential client does not go through the procedure of determining the risk inherent in the life of this particular person. In the professional language of insurers, such an analysis is called “underwriting.”

Before issuing such a policy, the insurance company does not ask the future client questions about his profession, state of health, or presence of dangerous hobbies. This contract provides for a single insurance rate for all potential clients.

However, it is clear that the likelihood of injury in a mature 69-year-old person is much higher than in a young 30-year-old person in the prime of his life. Because in an older person the reaction is no longer the same, the bones are more fragile, the eyes can see worse. And for these reasons, the likelihood of an accident in the lives of older people is higher than that of young people.

But in a “boxed” policy, the insurance rate for young and mature people will be the same. Due to what?

It is obvious that in such contracts the insurer will calculate the insurance tariff in such a way as not to be at a loss when insuring any category of clients. And as a result, the cost of accident insurance in such a policy is quite high.

And it cannot be made lower, because in in this case There is no thorough analysis of a potential client before issuing an accident insurance policy. This means that it is impossible to accurately calculate the cost of insurance taking into account the risks inherent in the life of a particular person.

But you can open such a policy very quickly, and its relatively high price is a payment for speed and convenience at the stage of opening a contract.

An example of a “boxed” product would be an accident insurance policy “”. This policy provides the client with only 12 insurance options:

To issue a policy, you need to tick the selected insurance option. For example, a risk package: death, disability, and bodily injury from accidents with protection of 1,500,000 rubles in such a policy will cost 18,160 rubles per year.

The client then signs the policy and pays the premium. The policy begins to operate three days after payment of the premium.

The “Option” policy is valid for a year, and if during this time an accident occurs to a person, it will be paid in accordance with the contract. If everything is fine in a person’s life, then the contract expires. And in order to be protected again, a person needs to take out a new “Option” policy and pay the next annual premium.

Please note, this is important: this policy can protect against death, disability and bodily injury - only if these events occurred as a result accident.

For example, if a person with such a policy dies as a result of a heart attack, then the insurance company will not make any payment, since the illness is not an accident.

The main properties of the policy are presented in the table:

3.2 Insurance policy against accidents with risk level analysis

Let's consider a more functional policy. When opening such a contract, the insurance company asks the person a series of questions that allow it to assess the risk of insuring a new client. These are questions about a person’s age, his state of health, the nature of his professional duties, his hobbies.

When calculating the cost of the policy, the insurance company will take into account the answers of the future client. And since the insurance risk is assessed before issuing the policy, as a result the insurer can offer its client more favorable financial conditions compared to a “box” product.

An example of a policy with a risk assessment is the ““ policy. This contract is also open for a period of only one year.

This is already a much more flexible product than “Option”. If in “Option” there are only a few preset amounts of insurance coverage, then in “Risk Control” insurance coverage can be chosen arbitrarily.

Further, in the “Option” accident insurance policy, the client is required to include at least three risks: death, disability and personal injury. However, in the “Risk Control” program, only “death by NS” is a mandatory element. And if desired, the client can add protection against disability under NS and injury under NS to his policy.

Risk assessment and freedom to choose options have a positive effect on the price of insurance. For example, by excluding from the policy the expensive, but not fatal risk of injury, we can provide a person with fairly high insurance protection for critical risks: death and disability under the National Insurance Fund.

For example, with a budget of 18,240 rubles per year, we can protect a person from death and disability under the National Tax Service in the amount of 5,700,000 rubles. This is already 3.8 times more than in the “Option” policy with the same budget, which we discussed above.

You can download the draft accident insurance policy “Risk Control”.

3.3 Extended insurance against accidents

Extended emergency insurance implies insurance against events resulting from an accident, as well as against fatal diseases.

In these contracts, insurance companies often make the risk of "death by accident" mandatory. any reason,” which increases the cost of such policies. An example of such a contract is the “” policy.

A mandatory element of this policy is the risk of death from any cause. Additionally, a person can add protection against accidental death and disability, as well as protection against fatal diseases, to the policy.

If a person is diagnosed with a fatal disease, then the person will receive a payment under the policy. The everyday meaning is very simple - in such cases, the family urgently needs a large sum to pay for the necessary therapy or surgery. And probably this will help defeat the disease in the bud and preserve the health of a loved one.

Also, if desired, a person can add to his policy the risk of injury as a result of an accident, and hospitalization as a result of an accident. In fact, the policy is a constructor where a person adds additional risks of his own choice to the main risk, forming an optimal contract.

The ABC of Protection policy can be opened for a period from 1 year to 30 years. If the policy is open for several years, then after its opening the annual premium will be constant for the entire duration of the policy - despite the fact that the person gets older and the risk of his death increases. Therefore, the longer the policy, the higher the annual premium will be while maintaining the same level of protection.

The main properties of the contract are presented in the table:

3.3 Comparison of insurance options

So, we have reviewed a boxed insurance policy against accidents, an insurance policy against accidents with an analysis of the risk level, as well as an extended insurance policy against accidents and fatal diseases.

A more practical option would be a policy where the cost of the contract depends on the age, state of health, and profession of the person. Before issuing such a policy, the advisor must ask you such questions.

What remains is an insurance policy from NS with an analysis of the risk level, or an extended policy from NS. The second option protects against death from any cause, and, if desired, from deadly diseases.

Which one to choose?

Imagine that you built a house and surrounded it with a fence on only three sides:

Will this make your home safe? Only partially. To ensure complete security, you need to close the entire perimeter.

Let's return to the goal we are trying to achieve with accident insurance. We understand that NS can harm a person’s ability to work, which means it will take away a person’s ability to work and deprive him of income.

The loss of this income will affect the family's financial situation. And the purpose of the policy is to return income to the family that may be lost as a result of an accident.

But think about it - death, as the maximum harm to the working capacity of a working family member, will also cause the greatest financial damage to this family. Should the breadwinner be protected from death? Absolutely yes.

The problem is that death does not only come from an accident. It may be a consequence of a heart attack, for example. But it will cause the same enormous damage to the financial interests of the family as death under the National Tax Code.

And if we strive to fully protect our family from financial problems, then as part of the policy we definitely need protection from death for any reason. This means that financial security will be given to loved ones only by an extended insurance policy.

Download a PDF overview of available life insurance solutions -
to make an informed choice:

And, it would seem, the choice is clear, and the article is close to completion. However, a key question remains open - the answer to which leads to unexpected conclusions.

4. What level of protection do you need?

It makes no sense to build a half-meter-high fence around your house. Such a fence is easy to step over, so it will not be able to protect against enemies.

If we are talking about financial protection of the family, then its level must be adequate to the threat. In a critical case, when the breadwinner dies, the family must have enough money to survive and achieve its most important life goals.

Based on this formulation of the problem, it is easy to calculate the amount of death protection you need:

• Remaining loan amount,
• An annuity to provide for a family for a long time,
• Funds for higher education of children -

For express assessment needed by the person level of life insurance, you can use an amount equal to 10 of his annual income. In other words, we can approximately assume that life insurance for the breadwinner in the amount of 120 of his salaries will provide the family with the necessary level of financial security.

If a 35-year-old man earns 2,000 USD per month, then he needs protection against death for any reason in the amount of:

10 * 12 * 2000 = 240.000 USD

A few words about the policy term. If a person has small children, then the breadwinner needs protection until the youngest child’s 25th birthday. It is likely that by this age the child will be able to live independently.

Moreover, if the required insurance period is decades, then it is wise to use. It will cost a little more than term insurance, but at the same time it is guaranteed to create an inheritance equal to the amount of insurance protection.

However, since Russian companies do not offer life insurance, in this article we will analyze term insurance.

The “ABC of Protection” policy for 25 years, with coverage of 240,000 USD - for a 35-year-old man it will cost 3,697.49 USD per year, you can download the project. However, for our client it will be very expensive, because the contribution will be more than 15% of his annual income.

What to do? If you reduce the contribution to 500 USD per year that is feasible for a person, then the level of protection will drop significantly. And there will be so little insurance that the family will not be protected. This is a “fence” half a meter high.

And if our 35-year-old man uses Unilife, then for a policy with protection of 240,000 USD against death from any cause for 25 years, the annual premium will be 488.40 USD per year. You can download the draft contract. This contract will fully ensure the financial security of the family.

However, there is an important fact to note here. Term and Unilife insurance, while protecting a person from death for any reason, does not insure against an accident. In other words, in case of injuries or hospitalization as a result of an accident, this policy does not provide payments.

What happens: does the article on accident insurance lead the reader to the conclusion about the advisability of using a life insurance policy in which No insurance from NS?

5. Risk transfer and retention

Let me briefly describe the logic behind this article. An accident leads to loss of income because it deprives a person of working and earning money.

The death of the breadwinner causes the greatest financial damage to a family. Therefore, when creating protection, the family first of all needs to be protected from this risk. Unfortunately, death occurs not only from accidents, but also from illness. And in order to fully protect the family, it is necessary to protect the family from the death of the breadwinner any reason.

However, we will not be able to use Russian policies to protect the breadwinner from death for any reason. Because due to high tariffs, the contribution for the required level of protection becomes unaffordable for the family.

This means that the only way to ensure an adequate level of financial security for a family is to use life insurance to protect the breadwinner.

However, foreign contracts do not protect against personal injury, hospitalization, and disability due to accident and illness. Why? Because it is difficult for foreign companies that do not have offices in Russia to administer insurance payments on these risks.

It is much easier for them to verify the death of the insured person. Therefore in foreign companies You can insure death, but other consequences of an accident cannot.

And thus the Russian is faced with a choice:

• either protect against death from any cause for a high amount in a foreign company, and at the same time do not have accident insurance, or
• open a Russian policy that will protect you from death for any reason, from fatal diseases, and from all the consequences of an accident: injury, disability, hospitalization as a result of accidents.

Unfortunately, the second option is similar to building an elbow-high fence. Because in a Russian policy, with a premium available to a person, the level of insurance protection will be meager.

For example, if we protect our conditional client for 35 years with the “ABC of Protection” policy with an annual premium of 500 USD for all specified risks for 25 years, then the payment upon death for any reason will be 21,000 USD. Total! You can download the project.

This is less than 10% of the protection he needs. Of course, such a policy absolutely does not provide financial security for the family either in case of death or disability. The question is: why is it needed at all?

At the same time, by opening a foreign policy with the same budget, a person will fully protect his family in the event of his death. He will solve this problem completely, with the budget available to him.

In insurance, the terms transfer and retention of risk are used. Risk transfer is the transfer of risk to the insurance company. The company takes on the risk, and for this the person pays a premium to the insurer.

Risk retention is a situation where a person understands that financial losses are possible as a result of uncontrollable events. However, he deliberately leaves this risk on himself, without transferring it to the insurance company.

What is a reasonable strategy for dealing with risk?

The most severe risks, such as death, must be transferred to the insurance company. Less severe risks, for example, injury as a result of an accident, can be completely left to you. To do this, you can use “self-insurance.”

“Self-insurance” is the creation of your own to cover those possible losses that will not be very large. For example, having the necessary funds, the family will be able to pay the costs associated with injury or hospitalization.

And therefore, risks that you can cope with on your own: injury, hospitalization, temporary disability - you can easily leave on yourself by creating the necessary cash fund.

And from an everyday point of view, it is much easier for us to leave non-fatal risks on ourselves. There will be no need to pay for insurance, waste time collecting documents and receiving payment if the event does occur. We can easily pay for them at our own expense.

This means that there is no problem that foreign insurance companies, while providing high protection against death for any reason, do not protect Russians from accidents.

However, in addition to death, fatal risks also include fatal diseases and disability. What to do with them?

To protect against deadly diseases you can use - it is available in many Russian companies. As for protection against disability, unfortunately, in the current Russian realities there is no complete protection against this risk.

You can protect yourself from disability only by accident. And then with an acceptable budget you will get enough high level protection.

However, disability can also occur due to illness. There are no solutions to protect against this risk. Foreign companies do not insure the risk of disability for Russians. And therefore, either we are only partially protected from this risk, or we inevitably leave it all to ourselves.

Thus, the strategy for protecting against fatal risks is as follows:

And in conclusion

This article is written about accident insurance - and the very idea of ​​\u200b\u200bsuch protection looks beautiful. However, diving deeper into the topic, we understand that the primary task of the family is to protect the breadwinner from death for any reason, and only then from accidents.

In addition, upon thoughtful reflection, it turns out that insuring most accidents is not really necessary. If the size of the probable losses is not very large, the family may well use self-insurance. Having created the necessary cash fund to cover possible losses, she calmly leaves the risk on herself.

At the same time, there are a number of fatal risks that must be transferred to insurance companies. This is the risk of death, disability and critical illness.

Unfortunately, there is currently no acceptable solution for protection against disability. You can only partially protect yourself from this risk, or you can leave it to yourself. To protect against critical illnesses, a solution is available from Best Doctors.

As for the risk of death for any reason, the optimal protection against this risk would be life insurance in foreign companies.

Vladimir Avdenin,
financial consultant