100-times Life Insurance (BOX)

The 100-times life insurance product offered by Kapital Bank covers the risks of death of the insured as a result of an accident, determination of the first-degree disability, and second-degree disability as a result of the accident. A 1-year insurance period is implemented for a product with an insurance amount of AZN 1,000. The insurance premium for the product, which can be used by all people between the ages of 18-66, is 10 AZN and is paid in cash at the cash box. The insurance indemnity for the mentioned guarantees is paid to the person (s) who benefited once from the date of the insured event. If the insurance payment is made on only one of the established guarantees, the insurer shall be deemed to have fulfilled its obligations under the contract and the contract shall be deemed invalid. If the document confirming the loss of ability to work as a result of an accident occurred during the insurance period is submitted within 1 year from the date of the accident, the insurance indemnity shall be paid. It is confirmed that the terms of the insurance certificate are familiar with the payment of the insurance premium. The terms of the insurance certificate come into force from the date of payment of the insurance premium.