Collective Insurance

An Accident is any sudden event, outside of the policyholder’s volition, which, by producing an external, sudden impact to the policyholder’s body, results in their death, total or partial disability, temporary incapacity or health deterioration which requires medical attention.

Personal accident insurance can be:

• individual personal accident insurance which the policyholder (natural entity) takes out in their name
• group insurance which the policyholder (legal entity) takes out for 2 to 10 people
• collective insurance which the policyholder (legal entity) takes out for more than 10 people; the policy may or may not include individual names

This type of insurance is available for persons from 14 to 75 years of age.

In the case of an insured event, the insurer pays out the following agreed insurance amounts specified by the policy:

• the insured amount in the case of death if the accident resulted in the death of the policyholder, or the insured amount in the case of disability if the accident resulted in total disability of the policyholder
• a percentage of the insured amount in the case of disability corresponding to the percentage of partial disability, if the accident resulted in partial disability of the policyholder
• if the total disability percentage is over 50%, each portion of the percentage over 50% is recognised as a double amount
• daily compensation if the accident resulted in the policyholder’s temporary incapacity for work or performing their regular professional activities
• compensation of healthcare costs if the accident resulted in the policyholder requiring medical attention and thus incurred healthcare expenses
• other contractual obligations pursuant to the Special Conditions and Insurance Terms and Conditions

This type of insurance policy covers all accidents:

• occurring in the course of performing regular professional activities
• occurring in the course of performing regular professional activities and outside regular professional activities (0-24h)

This type of insurance may cover the following risks:

• death caused by accident
• death caused by illness
• permanent disability
• healthcare costs

Individuals may be insured regardless of their health condition, age and general work ability, except for those totally incapable of work, who are excluded from the insurance.

This insurance policy does not cover employees who, at the time of entering the contract, submit a written statement that they do not wish to be insured.

If a collective insurance policy is concluded without the individual names of employees, the insurance policy covers all of policyholder’s permanent and temporary employees.

Various insurance amounts may be negotiated, depending on the risk category for each individual employee (policyholder).

A collective insurance contract for employees may include the policyholders’ family members, provided that the agreed policy also covers risks occurring outside regular professional activities (0-24h).