Collective workmen accident insurance

Under the insurance agreement the followings can be insured:

Property interests of the Insured persons related to life, health and work ability.

The accident at work is a sudden, short-term event independent of the will of the Insured Person occurred during working hours in the workplace, which externally affects the human body and leads to traumatic injuries or other health disorders, death.

The procedure for insurance indemnity payment:

In case of the Insured Person’s temporary loss of work ability due to the accident, the insurance indemnity in the form of compensation for material income reduction shall be paid for each day of disability starting from the 7th day of continuous treatment in the amount of 0.27% from the personal insurance amount and continue for period of no more than 90 (ninety) days.

In case of assigning disability group to the insured person, the insurance indemnity payment is made in the following order:

- in case of Group I disability is set for the Insured Person - 100% of the personal insurance amount;

- in case of Group II disability is set for the Insured Person - 75% of the personal insurance amount;

- in case of Group III disability is set for the Insured Person - 50% of the personal insurance amount.

In case of death of the Insured Person, the amount of insurance indemnity is 100% of the personal insurance amount.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Accident Report.