OREANDA-NEWS. October 26, 2010. Allianz ROSNO Life has paid an insurance compensation of 1,116,785 roubles under the 10-year accumulative life insurance contract covering the risk "Death due to any reason". The insurance compensation has been paid to the children of the deceased, reported the press-centre of ROSNO.

In 2007, pursuant to its employee social security policy, a business company purchased accumulative life insurance policies under the program "Stil Zhizni" (Lifestyle) for a number of its employees. Three years after, one of the insured employees, male, 62, died in a traffic accident. The insurance compensation has been paid under the risk "Death due to any reason" to the insured beneficiaries under the contract — children of the insured employee — within 4 business days after submission of the full set of documents to the company.

INFORMATION ABOUT THE STIL ZHIZNI (LIFESTYLE) PROGRAM
The accumulative life insurance program Stil Zhizni (Lifestyle) guarantees extensive insurance coverage against the risk of death due to any reason and exemption from payment of insurance premium in case of disability of 1st and 2nd groups, and it also enables insurants to accumulate financial savings by certain contractual date and gain additional income depending on the results of the company’s investment operations. This program also contemplates inclusion of additional risks — disability, death or injury due to accident and primary diagnosis of a critical disease. The age of insurants can vary from 18 to 60 years. The insurance period is in the range of 5 to 30 years. The contract can be denominated in roubles, US dollars, or euro; alternatively, a multicurrency scheme can be used.