A policy with a guaranteed income for beneficiaries for 10 years upon the death of the insuree.
Features
Following death arising from an accident covered by the general terms of the Family Accident Insurance occurring within the period of the policy:
- 1,000 TL is paid every month to beneficiaries named in the policy
- An additional 1,000 TL is paid at the start of every educational year (September) to the beneficiaries or their minor dependents receiving education (including primary, secondary, and degree / distance learning)
for a period of 10 years.
Following the death arising from an accident covered by the general terms of the Family Accident Insurance occurring within the period of the policy:
- A single benefit payment of 25,000 TL is made to the beneficiaries named in the policy.
- 1,000 TL is paid once a month every month for a period of 10 years to the beneficiaries named in the policy (pecuniary and non-pecuniary damages).
- In addition, an education support benefit of 1,000 TL is paid at the start of every educational year (September) for a period of 10 years to the beneficiaries or their minor dependents receiving education (including primary, secondary, and degree / distance learning),
These benefits are paid at the beginning of each month into the accounts specified by the beneficiaries. Each year after the 12th payment has been made subsequent payment amounts are increased by the CPI rate of inflation for the previous year. Increase is limited to 10% where the CPI rate exceeds 10%.
Note: All citizens 18-65 years of age may benefit from this policy, except for those in the occupation groups listed below.
- Underground and surface mining,
- Occupations involving the manufacture, storage, or transport of explosive, combustible, or inflammable substances,
- Occupations involving the construction and maintenance of ships, high voltage power lines, bridges, dams, and energy production plants.
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