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Personal accident

DESCRIPTION

Everything that can happen to You and your loved ones as a result of external, unintentional, unforeseen conditions and circumstances can be insured in “INGO ARMENIA”.

Thanks to accident insurance, the insured person will:

  • receive compensation for medical expenses in case of injuries
  • receive financial support for the period when the person is temporarily unable to work due to his or her injuries
  • receive a lump sum payment in case of disability
  • provide some financial support to their relatives in the event of sudden death

INSURANCE COVERAGE

The following risks are insured:

  • Death as a result of an accident
  • Disability (I, II, III group) as a result of an accident
  • Temporary disability as a result of an accident
  • Medical expenses incurred as a result of an accident

INSURED PERSON

The insured person may be an individual aged 18 to 65 years.

The insured person cannot be a person who:

  • At the time of signing the contract, suffers from severe damage to the nervous or mental system (dementia, epilepsy, other disorders of the nervous system),
  • from birth has violations (anomalies),
  • is disabled or has the status of a disabled child,
  • is HIV-infected or sick with AIDS,
  • based on the state of health, needs constant care or control.

INSURANCE TERRITORY

The insurance covers cases that occurred on the territory of the Republic of Armenia and the Nagorno-Karabakh Republic. In case of departure to Georgia during the insurance period, the insurance contract will also provide insurance cases that occurred on the territory of Georgia within the first 10 days. The number of days in Georgia during each trip of the insured person to Georgia is automatically deducted from the 10 insured days.

  • Individual approach to each client,
  • Consolidation of main and additional risks and services,
  • Flexible tariff system,
  • High-quality and fast service,
  • A simple procedure of registration of documents:

INSURANCE AMOUNT

The total insurance amount is:

OPTION 11,000,000 AMD
OPTION 2 2,000,000 AMD

INSURANCE INDEMNITY

In the event of an accident, a one-time refund will be issued in the following amount:

COVERAGE OPTION 1 OPTION 2
Death 1,000,000 2,000,000
Group I disability 1,000,000 2,000,000
Group II disability 750,000 1,500,000
Group III disability 500,000 1,000,000
Temporary disability 5,000 for each disabled day, but no more than 100,000 for 1 incident* 5,000 for each disabled day, but no more than 100,000 for 1 incident*
Медицинские расходы in the amount of actual expenses incurred, but not more than 200,000 in the amount of actual expenses incurred, but not more than 800,000

* Compensation for temporary disability under the contract is paid for a maximum of 2 cases

INSURANCE PREMIUM

OPTION 18,000 AMD
OPTION 2 28,000 AMD

IN THE EVENT OF AN ACCIDENT

The policyholder/insured person is obliged to

  • notify the insurer immediately
  • apply for insurance compensation no later than 60 days after the insured event

EXAMPLES OF COMPENSATION CALCULATION

An insurance contract for the amount of 1,000,000 AMD has been concluded. As a result of a fire at work, the insured received serious injuries and was taken to the hospital. They were in the hospital for 30 days and received inpatient treatment. How much will the compensation amount be if

1. Medical expenses amounted to 350,000 AMD

The amount of compensation will be 200,000 AMD, as the contract sets a limit of 200,000 AMD for medical expenses.

2. Medical expenses amounted to 350,000 AMD
The insured person submitted a sheet of temporary disability for 30 days

Medical expenses will be reimbursed in the amount of 200,000 AMD
Compensation for temporary disability will be calculated as follows:

30 * 5,000 = 300,000 AMD, however, the contract sets a maximum limit of 100,000 AMD for 1 case of disability, so the compensation for temporary disability will be 100,000 AMD.

The total payout will be 200,000 + 100,000 = 300,000 AMD

3. Medical expenses amounted to 350,000 AMD
The insured person submitted a sheet of temporary disability for 30 days
4 months after the accident, the person received the second group of disability.

Medical expenses will be reimbursed in the amount of 200,000 AMD
Compensation for temporary disability will amount to 100,000 AMD
The amount of compensation for the disability of the 2nd group will be calculated in the amount of 750,000 AMD

The total amount to be reimbursed under the contract will be:

200,000 + 100,000 + 750,000 = 1.050,000 AMD, that exceeds the insurance amount of the contract; therefore, is paid to the insured person under the contract the total amount of compensation will be 1,000,000 AMD.


AGREEMENT

WHAT IS NECESSARY FOR CONCLUSION OF INSURANCE AGREEMENT?

In order to conclude insurance agreement You need to fill in the personal accident insurance application form, attach the passport copy of the assured and send it to “INGO ARMENIA”.

WHAT IS NECESSARY FOR RENEWAL (PROLONGATION) OF INSURANCE AGREEMENT?

For renewal (prolongation) of insurance agreement You need to present the passport copy of the assured, previous insurance policy to “INGO ARMENIA” and inform of any changes of data contained in the previous insurance application form.

Personal Accident insurance application form

Terms and conditions of Personal Accident insurance (in Armenian)

Personal accident claim application form

Personal accident insurance rates

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