Life insurance+
ERGO Life
Insurance+ is a new type of insurance, flexibly tailored to the needs of you
and your family members. Life Insurance+ helps you first if your health fails
you. Cancer or other serious illness or an accident can reduce your ability to
work, which in turn reduces your income. But bills as well as mortgages and
leases need to be paid, rehabilitation or carer services are expensive, and the
people you care about also need financial support. Life Insurance+ is like a
puzzle, where you can choose the insurance coverage and sum insured you need,
and the pieces form a complete picture. Life Insurance+ is a sense of security
for you and your family.
I WOULD LIKE A CONSULTATION
ERGO Life Insurance+ options
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Life insurance
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You never know the dangers that lurk, but in reality, it is usually serious illness that breaks us down. Life insurance can help your family members cope with everyday problems when you are gone. You can take out the life insurance up to the age of 75, and indemnities are paid in the event of illness or accidental death. |
| Cancer insurance |
Around 10,000 people in Estonia are diagnosed with cancer every year. Modern medicine has bravely confronted the diseases, but the treatment journey is still difficult. Cancer insurance helps you to focus on getting better as soon as you are diagnosed. You can take out the insurance between the ages of 18 and 64 and the insurance coverage also extends to your minor children from birth. |
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Critical illness insurance
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Unfortunately, people get sick from time to time, and recovering from a serious illness or coping with a life-threatening disease is difficult enough without other commitments. For critical illness insurance, you can choose to insure against cancer and 3 critical illnesses, or cancer and 38 of the most common critical illnesses. You can take out the insurance between the ages of 18 and 64 for a maximum value of 300,000 euros.
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Critical illness insurance for children
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A
parent’s greatest wish is to protect their child from all the worries of the
world. Unfortunately, this is not always possible, but at least a life
insurance policy will give you peace of mind and allow you to focus on your
child’s recovery at the most difficult time. The list of children’s critical
illnesses includes 14 of the most common critical illnesses, and you can take
out the insurance for children aged between 2 and 17 for the sum insured of up
to 100,000 euros.
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No work ability insurance
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An
accident or illness can deprive you of your ability to work, the extent of
which is determined by the experts of the Estonian Unemployment Insurance Fund.
Insurance will come to the rescue if the incapacity for work has been
determined for at least 12 consecutive months and is due to a medically documented
illness or injury that first manifested itself during the insurance period. You
can take out the insurance between the ages of 18 and 64 and for the amount of
life insurance you choose. Payment of the indemnity does not reduce life
insurance coverage.
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Daily hospital allowance insurance
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None
of us wants to end up in hospital, but there is often no other way to recover
from a serious accident or illness. For the first time in Estonia, you can
choose ERGO’s daily hospital allowance insurance, i.e. the indemnity for days
spent in hospital. An insured event is a continuous hospital stay of at least
24 hours for medically justified treatment. You can take out the insurance
between the ages of 0 and 69, and the daily hospital allowance is paid for a
maximum of 182 days per year.
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Accident insurance in Life Insurance+ policy
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With
accident insurance, you can choose insurance coverage for disability indemnity
(permanent disability), death indemnity, trauma indemnity, daily allowance, and
supplementary medical assistance.
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Why obtain insurance from ERGO?
- New and flexible life insurance that meets your personal needs.
- At ERGO, you can insure your whole family with one contract.
- Only at ERGO can you can also insure children from the age of 2 against 14 critical illnesses.
- For adults, we offer a very wide insurance coverage for up to 38 critical illnesses.
- You can take out the life insurance coverage already from the birth of your child.
- We offer the possibility of an annual pro rata reduction of the sum insured, in the same way as credit insurance.
- For the first time in Estonia, you can opt for daily hospital allowance indemnity, which we pay for up to 182 days of inpatient days.
How to select the sum insured?
We recommend that the amount of the sum insured be 1-3 times your annual income, allowing you to cover at least 1-3 years of financial obligations and expenses. This is the period during which timely and adequate rehabilitation is most important for recovery from the disease. You have also become accustomed to the new situation in your family, and are capable of making future decisions. If you wish, you can increase the sum insured by the amount of your existing liabilities – that way they will not be left for you or your loved ones to shoulder after the illness. Also, if you see that the premiums are too much for you to pay, choose an amount that you can afford, because in a difficult situation, any sort of financial support will be of help.
Good to know!
Depending on the type and amount of cover you choose, you or your loved ones may be able to use an insurance benefit to:
- pay for rehabilitation
- pay financial obligations
- cover daily family expenditures
- pay a caregiver
Life insurance frequently asked questions
How does the critical illness insurance help?
95% of deaths are caused by critical illnesses, whether it is a heart attack, stroke or cancer. Plus, other serious illnesses. Since it is likely that every person will develop a critical illness at some point of lifetime that does not end fatally after diagnosis, the question arises as to how to cope after a health problem occurs. There is definitely a need for treatment, perhaps also for rehabilitation as well as paying regular bills. Critical illness insurance is designed for such situations, providing financial support when the need for it is greatest.
What is the difference between life insurance and
accident insurance (death)?
95% of deaths are related to illnesses and under 5% of cases it can be said to have been caused by an accident. Consequently, it can be said that the owner of a life insurance contract is compensated for all deaths. Only 5% of deaths are likely to be reimbursed to owners of the accident insurance death cover. Heart attack, stroke and cancer are not accidents but illnesses.
What is the difference between life insurance and accident insurance (not death)?
The biggest difference is that a prerequisite for compensation under accident insurance is prior trauma (accident) or damage to health due to external effects. But life insurance contracts also have benefits for major and serious health problems. This could be a very serious illness (critical illness) or a health problem where a person becomes incapacitated for work (heart attack, stroke, cancer).
Are viruses including the coronavirus covered by insurance?
Since a virus is
an illness, protection or compensation against that disease can only be
provided by life insurance, which will compensate for both illness and
accident-related problems. If a person dies from coronavirus, the sum insured
will be paid to his or her heirs. If a person develops serious complications or
severe lung damage as a result of the virus and the person is assigned
incapacity for work, compensation will be paid up to the amount chosen for
incapacity for work. If a person is in long-term hospital treatment due to
coronavirus, the amount of daily allowance chosen in the contract will be paid for
all days.
