Land transport insurance (except railway) Land transport insurance (except railway) - a type of insurance, according to which the subject of the insurance contract is property interests that do not contradict the law, related to the ownership, use and disposal of a land vehicle, including its trailer, and all types of vehicles special purpose. This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance with the terms of the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) by indemnifying the insured or another person specified by the insured in the insurance contract (beneficiary) for loss, incurred by them in connection with damage, destruction or loss of the insured ground vehicle, including its trailer, and all types of special purpose vehicles, as well as, if provided for by the rules and the insurance contract, additional equipment to them. The condi...
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Railway transport insurance Insurance of railway transport - a type of insurance, according to which the subject of the insurance contract is property interests, which do not contradict the law, related to the ownership, use and disposal of a railway vehicle (rolling stock). This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance with the terms of the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) by indemnifying the insured or another person specified by the insured in the insurance contract (beneficiary) for loss, incurred by them in connection with damage, destruction or loss of the insured railway vehicle (individual units of rolling stock) and, if provided for by the rules and the insurance contract, additional equipment to it. The conditions of voluntary insurance of railway transport may provide for insurance against fire risks and risks of n...
Health insurance in case of illness
Health insurance in case of illness Health insurance in case of illness - a type of insurance under which the subject of the insurance contract is property interests that do not contradict the law, related to the life, health and working capacity of the insured or a third person (insured person) specified by the insured in the insurance contract with her consent. This type of insurance provides for the obligation of the insurer for the payment established by the insurance contract (insurance contribution, insurance payment, insurance premium) to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part in the event of the death of the insured or the insured person, temporary loss by him ( her) of working capacity, establishment of his (her) disability as a result of an illness or in the case of his (her) illness, stipulated by the insurance contract, which happened to the insured or the insured person during the va...
Medical Insurance Medical insurance (continuous health insurance) - a type of insurance under which the subject of the insurance contract is property interests, which do not contradict the law, related to the health and working capacity of the insured or a third person (insured person) specified by the insured in the insurance contract with her consent. This type of insurance provides for the insurer's obligation to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part for the fee established by the insurance contract (insurance contribution, insurance payment, insurance premium) by: payment of the cost of health care of a certain list and quality in the amount of the health insurance program chosen by the policyholder, which was provided to the policyholder or the insured person by the health care institutions to which he (she) applied during the validity of the contract, in connection with the disease, ...
Accident insurance Accident insurance - a type of insurance under which the subject of the insurance contract is property interests that do not contradict the law, related to the life, health and working capacity of the insured or a third person (insured person), specified by the insured in the insurance contract with his consent . This type of insurance provides for the obligation of the insurer for the payment established by the insurance contract (insurance contribution, insurance payment, insurance premium) to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part in the event of the death of the insured or the insured person, temporary loss by him ( her) of working capacity, establishment of his (her) disability or his/her receiving of traumatic injuries and/or functional health disorders provided for by the insurance contract as a result of an accident that happened to the insured or the insured person dur...
Life insurance Life insurance is a type of insurance under which the subject of the insurance contract is property interests, which do not contradict the law, related to the life, health, working capacity and pension provision of the insured person. This type of insurance provides for the insurer's obligation to make an insurance payment in accordance with the insurance contract in the amount of the insured sum, its part and/or in the form of regular consecutive payments of the sums specified in the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) (annuity) in the event of the death of the insured person, as well as, if provided for by the insurance contract, in the event of the insured person's survival before the expiration of the insurance contract and/or the insured person reaching the age specified in the contract. In the event that upon the occurrence of an insured event, regular consecutive...
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Agricultural insurance Agricultural insurance (Insurance of agricultural products) is a type of insurance where the subject of the insurance contract are property rights, not contradicting the law, related to compensation of losses incurred by the Insured or another person designated by the Insured in the insurance contract while growing, harvesting agricultural crops and perennial plantations, growing (breeding), fattening (keeping) farm animals, poultry, rabbits, bee colonies and fur-bearing animals, growing, breeding, catching (harvesting) fish and other aquatic living resources, and other livestock products. This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by reimbursing the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss incurred by the Insured in connection with the damage - death (loss) of crops (plantations), dea...
How much are overpaying for policies?
Generosity of insurers: how much do people overpay for policies? Services for the sale of policies to insurers themselves cost 241.4 billion rubles in the first nine months of 2019. Banks earned more than others, whose commissions reached 150.5 billion rubles - the same amount as for the whole of 2018. And they were ultimately paid by insurance buyers. Consumers have a choice: they can buy a policy in the office of the insurer, on its website, from an agent or from a bank. The only difference is the price, which is made up of the basic cost of the policy and the commission of the agent selling it. It is higher with banks. For example, an accident policy with a payout in case of death of the insured of 750 thousand rubles can be bought from the insurer for 3.9 thousand rubles, while in the bank it will cost 4.9 thousand rubles. Nevertheless, Russians often buy insurance in banks. First, because banks are trusted by 88% of the population, while insurance companies are trusted by only...
Travel Insurance Tips Travel insurance can minimize the considerable financial risks of traveling: accidents, illness, missed flights, canceled tours, lost baggage, theft, terrorism, travel-company bankruptcies, emergency evacuation, and getting your body home if you die. Each traveler’s potential loss varies, depending on how much of your trip is prepaid, the refund ability of the air ticket you purchased, your state of health, the value of your luggage, where you’re traveling, the financial health of your tour company and airline, and what coverage you already have (through your medical insurance, homeowners or renters insurance, and/or credit card). Do I Need Travel Insurance? When considering an insurance plan, it’s good to know what it does and doesn’t cover. For some travelers, insurance is a good deal; for others, it’s not. What are the chances you’ll need it? How willing are you to take risks? How much is peace of mind worth to you? Take these considerations into account, ...
Types of compulsory insurance In Ukraine, the following types of compulsory insurance are carried out: health insurance; personal insurance of medical and pharmaceutical employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) in case of infection with the human immunodeficiency virus during the performance of their official duties; personal insurance of departmental employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) and rural fire brigades and members of voluntary fire brigades (teams); insurance of sportsmen of higher categories; life and health insurance of specialists in veterinary medicine; personal insurance against accidents in transport; aviation insurance of civil aviation; liability insurance of the maritime carrier and the performer of work related to the servicing of maritime transport, in respect of compensation for losses incurr...
Liability insurance of car owners
Civil liability insurance for owners of land transport (including carrier's liability) Motor vehicle liability insurance (including carrier liability) is a type of insurance under which the subject of the insurance contract are property interests not inconsistent with the law on compensation for damage caused by the Insured or another person whose civil liability is insured to life, health, working capacity, property of third parties, including owners of cargo and baggage (cargo), during operation of a motor vehicle and transportation or forwarding. This type of insurance provides for the Insurer's obligation to pay indemnification in accordance with the insurance policy for the amount (premium, insurance payment, insurance premium) established by the insurance policy for damage caused to life, health, working capacity and/or property of third parties by a person whose civil liability is insured while operating the land vehicle specified in the insurance policy and performi...