Life cover

Life cover provides financial protection and security for beneficiaries in the unfortunate event of an insured person’s death.

Claims of this nature can be very distressing. That’s why our specialist teams are trained to handle these situations sensitively.

The benefit amount for life insurance is paid as a lump sum. It can either be a fixed amount or calculated as a factor of the insured employee’s gross annual salary, subject to an agreed maximum sum. Life insurance can be offered up to 10 times the gross annual salary or up to € 2,000,000 (based on the group size), whichever is the lower amount.

Cover for Life ends on the day when the insured person reaches the age of 70. If cover ends at a different age, this will be specified in the Company Agreement.

Financial protection for loved ones

Accelerated death benefit

The Accelerated death benefit is offered as part of our life cover.

When an insured person has been diagnosed with a terminal illness (after the start date of cover), we will make an advance payment of the life sum insured (up to € 100,000 or 50% of the life sum insured whichever is lower), as stated in the Table of Benefits.

Note:
Terminal illness means an advanced or rapidly progressing incurable illness where the insured person’s life expectancy is no longer than 12 months, in the opinion of the person’s doctor and our medical director.