OREANDA-NEWS. November 21, 2008. In August 2005, the 52-year old woman purchased an accumulative life insurance policy for the insurance period of 23 years under the Lifestyle program. In 2008, the insured woman was diagnosed with the disease resulting in her death in August 2008, reported the press-centre of ROSNO.

Based upon the insured accident application and all necessary documents submitted to the company by the relatives of the insurant, the insurance company Allianz ROSNO Life paid an insurance compensation of 20,843 US dollars under the risk "Death by any reason". The beneficiaries specified in the policy were the insurant’s two sons and a daughter, who received the insurance compensation within 3 bank business days after submission of the full set of documents to the insurer.

Information about the Lifestyle program
The accumulative life insurance program "Lifestyle" guarantees extensive insurance coverage under the risk "Death by any reason" and exemption from payment of insurance premium in case of disability of the 1st or 2nd groups, and enables accumulating financial savings by the contractual date and gaining additional income from the company’s investment operations. Under this program, the policy may also provide insurance coverage against such additional risks as "disability due to accident", "trauma due to accident", and "initial diagnostics of critical diseases". The insurants’ permitted age ranges from 18 to 55-60 years. The insured period can vary from 5 to 30 years.