RECOVERY BENEFITS / DIASBILITY BENEFITS
Income produced by our work is detrimental to our living standards. It is one of our biggest assets. In case of death, accident or serious illness, our way of life changes and becomes more costly. Benefits from social funds are substantially lower than our previous normal income.
When we lose our ability to work we also lose the ability to produce income and we become afraid of not being able to support our future plans, not only ours personally, but our family’s plans and especially our children’s.
Generali offers a range of covers that provide claims in form of benefits, or in form of a recovery allowance or even medical allowance. Many of the following covers can be added on Generali Health Insurance Programs, as extra covers, while others can be purchased independently.
DESCRIPTIONS OF BENEFITS & ALLOWANCES
in alphabetical order
Generali offers you the opportunity to shield your loved ones from financial adversities, through an affordable policy by making them your beneficiaries in the case of accidental death. The capital is paid out to certain beneficiaries after the death of the policyholder following an accident. The sum is doubled if the accidental death followed a motor vehicle accident. The accidental death coverage contributes to the protection of the family, freeing our loved ones from the burden of financial loss that always accompanies a sudden, unexpected demise.
A potential loss of our earning capacity not only leads to the loss of our most significant asset, but also results in
a series of other consequences as well. Our way of life changes and, in all likelihood, becomes more expensive as the benefits of social insurance funds are far below the income we were earning while we were still able to work.
The A.T.P.D offers a steady level of monthly income in case they lose their earning capacity following an accident
or illness. This monthly income is paid out to the policyholders for as long as they are disabled and up to their 65th year of age.
Should one out of 13 critical illnesses be diagnosed, we, at Generali, offer you our C.I. coverage which provides you
with a capital: this capital offers you both the solvency and financial comfort that are indispensable in cases of a C.I. The capital does not go towards reimbursement of expenses: instead, once the critical illness has been diagnosed and identified, the capital is given to policyholders in the form of a cash sum in two installments and does not need to be supported by invoices and/or receipts.
This cover entails a specific sum given in the form of an allowance, for every day of hospitalization, regardless
of any other expenses incurred. Its purpose is to cover the minor, everyday expenses that emerge during hospitalization and are difficult to produce receipts for. Thus, the H.A. takes care of even the minutest of financial details and gives you the leeway to care only about the course of your health. Additionally, the same H.A. sum is paid out to policyholders even after they have checked out of the hospital in the form of a recovery allowance, for
a time period equaling ½ of the total sum of hospitalization days. In five (5) specific hospitalization cases, these allowance sums are doubled.
The financial consequences of one’s demise or disability on his/her family are enormous and result in the loss of income. The situation can become more severe when the responsibilities are multiplied by the existence of debt.
At Generali, we have already thought of such a contingency. This is an innovative insurance program covering cases of death or total permanent disability due to a policyholder’s accident or illness: The coverage capital follows the course of the policyholder’s loan capital balance that is still unpaid, ensuring that loan obligations will be paid out in full, if the policyholder becomes unable to meet them due to death or total permanent disability.
The L.I. policy comes to assist someone’s lost earning capacity due to temporary total disability following an accident or illness. It allows policyholders to make up for lost income when, due to that accident or illness, they are incapacitated and cannot work. It also offers a choice of four different combinations regarding the payment start of the daily compensation sum.
L.I.D. allows one to make up for lost earning capacity following an accident, at the time when he/she will be unable to work because of that accident. L.I.D. also offers a choice of three different combinations as to when the payment of the daily compensation sum will commence.
Minor accidents are a common occurrence in everyday life. Apart from upsetting our life, they also bring about a string of minor or major expenses. By providing the OCA allowance, Generali wishes to cover the expenses that
are incurred after an accident but prior to admission to hospital. Among other things, the OCA also covers physiotherapy and dental expenses that may arise as a result of an accident.
If there is no clear indication as to when financial consequences of a family member’s demise may ensue, then the most appropriate insurance solution is permanent life insurance. The policyholder’s beneficiaries receive the insured capital upon the policyholder’s death increased by the investment’s super yields.
Generali Vision is an insurance program covering such cases as a policyholder’s death or total permanent disability due to accident or illness. It is pioneering in nature since the coverage capital follows the development of the policyholder’s loan capital that remains unpaid, ensuring that loan payments will be paid out in full in case the policyholder under this program is not in a position to meet loan payments due to death or total permanent disability.
The claim is in the form of an allowance, paid as a lump sum for a surgical procedure legally performed anywhere. The sum is proportionate to the gravity of the surgical procedure. Its purpose is to cover in total or act as a supplement to expenses due to surgery. Its main characteristic is its flexibility. What is more, the claimant may receive it by producing only the medical or hospital attestation that the surgical procedure took place. The sum is paid out irrespective of the expenses submitted with claims over surgical procedures.
Generali’s cover for temporary total disability following an accident or illness helps policyholders to make up for lost income when they are unable to work because of that accident or illness.
Compensation payments begin on the 31st day as of the date of the accident or illness.
A basic life insurance policy can shield you against the consequences of a family member’s demise at an affordable cost.
It enables you to adjust your coverage to the limits and duration of your choice and is the ideal way to protect your family against the risk of early demise. It also helps to make planned actions come true once the policyholder is no longer there.
At Generali, by providing you with T.P.D., we make certain that you are protected and safeguarded financially, should you ever sustain loss of earning capacity due to accident or illness. Should that happen, the insured capital is paid out in two installments. The capital paid out is doubled if the disability is the result of a motor vehicle accident.
The P.D. cover, protects and safeguards you financially, should you ever sustain lose your earning capacity due to accident. Should that happen, the insured capital is paid out in one lump sum. Alternatively, a percentage of the capital, proportionate to the percentage by which our earning capacity decreases, is paid out.
If an accident or illness deprives you of your earning capacity you wouldn’t want the plans for the future you have made for yourself and your loved ones to be jeopardized. The W.I.P. offers you the assurance that your plans will become reality even if you lose your ability to produce income. The W.I.P. waives your obligation to pay premiums when, due to accident or illness, we lose that ability. The program continues its course without demanding from policyholders that they pay their insurance premiums. Generali pays those premiums for you, offering you or the members of your family the program’s benefits in full.
Among other things, such as education and encouragement, we feel that we should create savings programs which turn opportunities into reality for our children without a problem. The WPPP cover waives your obligation to pay premiums when, due to accident or illness, we lose that ability. The program will pay out the agreed amount of your savings/insurance program to your family.