The confidence we need
Surprise is what our life is rich in. And although we are all set for pleasant things, no one is safe from “slipping, falling, losing consciousness, woke up - a cast” ... Insurance does not diminish the risks of injuries, but the unpleasant consequences of these cases for the wallet are for sure. The insurance program “Confidence 24/7”, specially developed by IC “UNIKA” for clients of Business Banking Raiffeisen Bank Aval, is aimed precisely at this.
According to the World Health Organization, injuries and the effects of external factors account for 12% of the total number of events leading to health disorders in the world. Injury is one of the main causes of losses in the structure of economic losses of a business. In countries with a high level of development, there are 300 patients who seek outpatient medical care for 30 people hospitalized in a hospital after an injury.
Our statistics are even sadder. In addition, for the majority of the population, effective treatment and rehabilitation after serious injuries is an overwhelming financial burden due to the high cost of drugs and medical services. Therefore, in Ukraine, voluntary accident insurance is gradually gaining popularity. Raiffeisen Bank Aval together with IC UNIKA have proposed such solutions for individuals since 2016, and demand has exceeded expectations. And from the middle of 2019, business customers can also purchase Accident 24/7 Accident Insurance Program.
In fact, entrepreneurs and company executives need such a solution even more than private individuals. Why? “An employee who is injured and temporarily unable to work, the state and the employer pay“ sick leave ”, and in more difficult situations, he will receive assistance in the loss of capacity for work. But who takes care of the entrepreneur? His "hospital" - this is the loss from the inability to conduct activities, the loss of turnover, and even contracts. In such cases, a personal insurance contract will partially replace government assistance, ”answers Konstantin Maslyuk, general manager for banking insurance development at Raiffeisen Bank Aval.
Another very important fact is that you can insure not only yourself individually, but also the whole family. Concluding an insurance contract for the whole family at a special price and insuring restless children is a significant advantage of such “family” contracts.
If we talk about legal entities, then they are also interested in similar products. Company managers often insure not only themselves, but also draw up individual policies for employees. The presence of such insurance is a good addition to the social package of employees, increases the attractiveness of the employer in their eyes.
The essence of the program is simple: a monthly business client makes small payments from his account to the account of IC UNIKA. If an accident occurs, the victim is paid cash assistance, which can range from several hundred hryvnias to several hundred thousand hryvnias. Moreover, such financial assistance does not depend on how much the victim actually spent on treatment, even if the costs were minimal.
“The most relevant for entrepreneurs is assistance for injuries of mild to moderate complexity. This can be a fracture of an rib, arm, leg, concussion, or even a fracture of a finger. Unfortunately, such events do not happen so rarely, especially in winter. Help is also provided in case of injury to internal organs or burns. Depending on the type of activity, even a minor injury can interfere with the workflow, ”says Konstantin Maslyuk.
In each case, the amount of the benefit depends on the nature of the injury and its consequences. To accurately determine the amount, a special payment table has been developed, it can be found on the website of Raiffeisen Bank Aval. On twenty-seven pages there are written all the cases that are covered by insurance and for which there will be a payment of cash assistance. With the most frequent, simple injuries, the amount of help is several thousand hryvnias. The amount of maximum assistance paid in very serious cases reaches from 150 thousand to 600 thousand hryvnias, depending on the insurance option chosen by the client.
One of the indisputable advantages of the Confidence 24/7 program is the coverage of road accidents. “Any traffic accident is covered, regardless of whether you are the victim or the perpetrator. In addition to very serious traffic violations, ”explains Konstantin Maslyuk. - Note, in Ukraine about 25 thousand accidents with injuries are registered annually, the number of injured is more than 30 000. Most drivers take risk consciously, registering a “car citizen”, others take care of the car, take a hull. But the driver himself, his health and life are out of the spotlight. ”
Really. Avtograzhdanka insures the driver’s liability to third parties, including for damage that may be caused to the life and health of third parties. This is another driver and passengers in both cars. We seem to be covered by the insurance of “another participant in an accident”. But if an accident occurs, the availability of compensation depends on whether you are guilty or not. And also from what kind of insurance, how responsibly it relates to payments and the like. Having an accident insurance policy, payments will not depend on the decision of the court, only the severity and the number of injuries matters. All damage resulting from an accident are considered together.
You should not think that the insurance policy protects only in serious situations that lead to very serious health problems, the source said. If, for example, you could not stand on your slippery feet, fell and received a “total” finger fracture, then cash assistance will be from 2 to 16 thousand hryvnias, depending on the chosen program and the complexity of the injury, from a rib fracture - from 1 , 2 thousand hryvnias for each rib, with dislocation of the jaw - from 2 to 24 thousand hryvnias, also depending on the nature of the injury and the chosen program. And there are more than 100 such injuries for which cash assistance is provided. This is quite a lot of money compared to the size of the insurance payment, which is from 32 hryvnias per month, and it would certainly not have been at all.
However, it should be noted right away that some cases are not covered by the insurance program. There is a certain list of exceptions that includes workers in risky professions, there are 25 of them. For example, those who work in climbing or roofing, sailors or those whose work involves hunting or fishing in the seas and oceans, as well as those who work on the production or storage of explosive and combustible substances, who are involved in underground work, some risky professions in the circus ... But this only applies to working hours, all other cases that did not occur at work, for example, household, road Wow, come under cover.
As for sports activities, there is a fairly large list of classes that are covered by insurance. For example, running, cycling, athletics, playing, water sports ... But ice hockey or football in full format are excluded. If these are children with their parents chasing the ball in the yard - the case is completely insurance. What is important: insurance is not valid during training in any sport at a professional level.
“Is it likely that the purchased policy will be needed? Yes, she is, - comments Konstantin Maslyuk. - Every year, about 1,500 customers of the bank receive cash assistance for this type of insurance. Including 99% of the number of cases - we have payments in connection with injuries, 1% - for death and disability. The relevance of the new product among business customers is indicated by figures. Every month, about 1000 Business Banking clients take the opportunity to purchase such a program.
The size of the sum insured for all cases depends not only on the injury, but also on the package that the client purchased. The more expensive the program, the greater the payment “for” the same injury can be received. For example, the owners of the Business Classic package have a limit of assistance in connection with injuries of UAH 40 thousand, in case of disability or death - UAH 150 thousand, and the amount of the insurance payment is only UAH 32 per month. The owners of the maximum “Business Elite +” have a limit on injuries of 160 thousand UAH and 600 thousand UAH for disability or death, and the monthly payment is 128 UAH. Relatively speaking, the former will receive UAH 2000 for the simplest fracture of the finger, and the latter - UAH 8000.
Many are interested in how complicated and lengthy the procedure for receiving payments. This usually happens quickly and without problems. After the injured person has been injured, he must call the insurance company, report the incident, and when the opportunity arises, bring a certificate from the medical institution to the insurance company or bank. The certificate should have information about what kind of injury a person has with its detailed characteristics: a single or double fracture, open or closed, whether there were surgical interventions and which ones ... If the certificate is issued properly, usually within 4-5 business days after receipt documents, the insurance company pays cash assistance to the victim to the account indicated by him.
“Voluntary accident insurance is one of those“ pillows ”that can be paved in advance. Of course, it is better not to have reasons for payments, but if a misfortune has happened, then financial assistance will never be superfluous, ”summarizes Raiffeisen Bank Aval, General Manager of Bank Insurance Development.
