За Представителство на ЗБ ТТ Инс

Concluding a life insurance policy requires the necessary time to carry out analysis of the client’s needs, i.e. his idea, to select the best insurance company and the most appropriate insurance product. We recommend that all factors be considered before concluding this policy, since this is a long-term contract for 10, 15, 20 years, concerning the most important human asset – one’s life. One of the differences in life insurance between Bulgaria and the advanced countries concerns the attitude towards one’s own life, thanks to which, we, as individuals and persons, are capable to carry out all other activities. Therefore, taking down a life insurance policy should be a priority. Most people in Bulgaria conclude insurance policies of everything else, like cars, homes, offices, etc., while life insurance comes last. Recently a change in this tendency has been seen, due to the increase of people’s income and the growing awareness of the need to protect one’s own life, which is quite encouraging in general.

According to insurance experts, the life insurance’s progress is forthcoming now and we can see this not only by the appearance of the new insurance companies, but also by the new insurance products. Such a product is the Fund policy.

By concluding a Fund policy, you are able to bind directly your insurance contract to a vast variety of mutual investment funds. The insurance sum of each individual policy is tied to the value of the shares of the chosen investment funds.

The Fund policy gives you the opportunity to gain much bigger profit than the classic life insurance policy. In the case of the classic life insurance policy when a life insurance event has occurred (e.g. death), the insurance company pays a fixed insurance sum, while in the case of the Fund policy you could get better returns from your assets than the fixed sum of the classic insurance policy. The value of the insurance policy (the insurance sum) depends on the value of the shares of the investment funds, which you have chosen for investment of your money. The value of the shares directly mirrors the value of the fundamental assets of the investment funds in which your premiums are divided. These values change every day in accordance with the progress of the chosen funds. In order to gain a bigger profit, you need to invest a bigger part of your premium. For a greater protection (insurance sum) you need to give a bigger proportion of the premium to cover the risk and a smaller one for the investment.