Types and individual life insurance policies
* Co-insurance on the life of a person for profit
The insurance company is required to maintain insurance for the recipient specified in the contract to pay if the insured dies during the term of the contract or the term of the contract if the insured is alive and benefits in both cases.
* Co-insurance on the lives of two people at a profit.
In this type of material, including coverage of two people through family ties or business relationships, where the promises of the insurance company at the time insurance payment due to insurers when the insured person to survive his life in order, whether in the event of the death of one of them before the end of the period of insurance, the company acted immediately, the amount of insurance benefits, in addition to other insurance on his life and survival the time of death.
* Insurance dowry and education to wages and pensions.
The parent has this type of insurance, the amount is to ensure attention to your son or daughter expense of higher education or dowry, and the sum insured is loaded at the end of the insurance period for the father, the Contractor, if it existed at the time of termination of insurance when it is safe on that date, or if the parent dies during the insurance period, the document is exempt from paying the premium for the death penalty from his father and other back home in the same conditions, but the benefits Atchetrk document for the abolition of the premium – otherwise, the Company will pay the son of the pension for each year at the end of the period of insurance death or even before, and is paid in two installments of the board every six months at a time, but when the child died during the life of a father during the period of insurance and the amount of insurance to home, the greater the benefits Almsthakpany death son, using the following formula:
o If you have more than 5 years in all insurance benefits and ending with the insurance company to pay.
o If the age of 3-5 years are charged 50% of the benefits and the insurance ends.
o If at the age of 1-3 years to 25 the number and benefits and ends by insurance.
* Insurance against the benefits of subscription content
Pay the basic insurance amount at the end of the period, the insured and document the benefits of investment and other gains, and add the share of profits to 31 December each year in payments year basis for one year or more (based on interest and compound interest) But if death insurance paid during the term of the insurance company with which the recipients of all the basic coverage, adding the document to share investment income and other income on the date of death reported.
Insurance is mixed with the advance payment to share in profits
Keep this type of insurance for a period of 12 years – 15 years – 18 years – 21 years for the survival of the life of the insured to pay the termination of insurance coverage the insured amount as follows: a – at the end the third quarter of primary care, for example, if the period of insurance of 12 years Fourth, the company pays the insurance amount (2500 K d, where the amount of insurance of 10 000 d. k) after four years – at the end of the second quarter (after four years, the company pays a quarter of the amount of insurance-II (2500 10 000 AD as the amount of insurance of K d) At the end of all insurance after 12 years, the company pays the remaining amount of insurance is (half) the amount KD 5000 K, which paid more profit by this example as if -.. b is the death of the insured during the insurance period, the amount of insurance without a complete withdrawal of all payments and benefits to policyholders and the date made, paid for his death.
* Life Insurance
The insurance company agrees to insurance provided to the receiver in the contract at the time of death of the insured at any time and any place of burial insurance cover this type of insurance offered to pay for the duration of the life of the insured, not restricting the time he spoke of death.
* Supplement the income of households
Grants of the amount of insurance under a common life insurance and these ads should be on providing income to members of the deceased to his office in the period between the date of death of insured paid date and that the document or termination.
* Bonds
This ensures that the insurance contract provided to beneficiaries in the contract where the insured’s death, as death occurs when a certain period if the insured was maintained until the final time this life insurance withdrawal and the expiration of the contract.
* Insurance premiums preliminary response in the case of life
This type of insurance, including “Bond”, but this is different, if the insured person to stay until the end of term life insurance, the company undertook to pay all premiums due performance of the insured during the period insurance.
* Bond reduction
Which is similar (7), providing insurance protection to ensure that the resulting amount of insurance in case of death during the insurance period, but this is different insured the amount of insurance less than a year the policy the amount of insurance in the last year, so that the amount of insurance premiums each year takes a solid and the cause of this form of insurance for a period of less than the first period of insurance often during a two-thirds of insurance.
This kind of insurance for borrowers of banks or investment companies that offer these loans.
* Cost of
This is an updated document cover insurance premium for the guardian of the pupil / student in the study phase to the end of high school, so that in case of death of the custodian bank requires the Company to pay tuition for students and students pay pending the completion of secondary II in the same school or another school with the same degree to study at a cost.
* The document on IE, just
Insurance annual death twice the normal amount of insurance in case of accidental death, plus the deficit of the accident and the cost of transporting the body. A uniform amount of insurance – 0.1000 d. K, the single premium for all age groups and can even double the amount of insurance – 0.4000 d. K. This document is suitable for simple work in Kuwait, the officials, drivers and farm workers and workers in restaurants, cleaning, giving a premium of adequate insurance coverage.