OREANDA-NEWS. October 30, 2009. The employees of the Municipal Unitary Enterprise in Penza have been covered by insurance protection from Allianz ROSNO Life under the corporate program "Strakhovanie" (annuity insurance). The aggregate contractual insurance amount is 1.2 million roubles, reported the press-centre of ROSNO.

The contract contemplates insurance coverage of employees against the following risks: survival of insurant to the stipulated date; death within the stipulated annuity period; and death prior to the stipulated annuity period (with lumpsum payment of insurance compensation). The contractual period for annuity accumulation is 5 years, and the annuity payment period is 10 years.

Information about the program "Strakhovanie Renty"
The annuity (pension) insurance program "Strakhovanie Renty" guarantees payment of insurance compensations for the following risks: "survival of insurant to the stipulated date"; "death of insurant within the stipulated annuity period, whereafter annuity payments are made to the insured beneficiary or his or her successors"; and "death of insurant prior to the stipulated annuity period (with lumpsum payment of insurance compensation)".

According to the program, the insurance policy may cover an additional risk "Permanent and complete loss by insurant of general working ability due to accident or other reasons, with ascertainment of I or II (work prohibited) disability groups and release from payment of insurance contributions".

The age of insurants as of the effective date of the contract can vary in the range of 18 through 65 years. The insurance period is 5 to 45 years in case of regular contributions and 5 to 20 years in case of a lumpsum contribution. The annuity payment period equal 5, 10, 15 or 20 years.