According to SEB Life and Pension Baltic SE Lithuanian branch data for 2022.
5 reasons to have life insurance
- You rent or have your own property on which you pay rent or mortgage
- You have uninsured liabilities or any kind of short term loan: study loan, credit card loan, consumer loan
- You have a partner, family with children or extended family members that are financially dependent on you
- You are self-employed. Being your own boss can bring its own benefits and challenges. However, life insurance should take away the fear of financial security in case you had an accident or illness and weren't able to work for a period of time e.g. broken arm or leg
- You may have a hobby or job that is deemed to be increased or high risk e.g. you are a firefighter, electrician, policeman or work in construction site or are a keen rock climbing enthusiast.
The indicated amount of monthly payment is informative. The offer includes price for a customer who can confirm the health certificate included in the application. To find out the exact amount of the monthly insurance payment and payment schedule, click the “Apply” button. By clicking “Apply” I agree that my age will be used to calculate my offer.
Types of the Personal insurance
Life insurance
In the event of the death of the insured person, the family receives compensation in the amount of the sum insured.
Critical Illness
- Insurance suitable for children and adults.
The insured person receives indemnity in the amount of the sum insured if he/she is diagnosed with any of the diseases, such as cancer, encephalitis, stroke, kidney failure, etc.
Permanent Trauma
- Insurance suitable for children and adults.
The Insured person receives indemnity for irreparable bodily injuries caused by an accident, such as loss of an arm or its function. The amount of indemnity depends on the severity of the injury, for example, loss of thumb - 20%, loss of vision - 100% of the sum insured.
Light Trauma
- Insurance suitable for children and adults.
The Insured Person receives indemnity for minor bodily injuries caused by an accident, such as fractures, dislocations. The amount of indemnity depends on the severity of the injury, for example, a fracture of a toe 1%, a fracture of the wrist 5%, a fracture of the ankle 5%, a fracture of the thigh 15% of the sum insured.
Instant Life Insurance Benefit
The family has instant access to the certain amount to cover urgent expenses in the event of the insured person's death, such as funeral expenses, settlement of the inheritance or legal advice.
Accidental Death Insurance
The family receives indemnity in the amount of the sum insured if the death of the insured person has occurred as a result of an accident.
Total and Permanent Disability
The insured person receives indemnity in the amount of the sum insured if an irreversible loss of ability to work has occurred as a result of illness or accident.
Accidental Daily Allowance
The insured person receives a certain daily allowance for each day of incapacity for work if the incapacity for work has occurred as a result of an accident.
What should I do in case of an insurance event?
- Fill in the notice form for the insured event
- Submit the required documents
- Receive an insurance benefit
More detailed information about Personal insurance
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