Life Insurance
Benefits of the Our Life insurance
Why take out life insurance?
With the Our Life insurance, you can protect yourself and your family when life gets complicated. If you are injured or seriously ill, the insurance can help you pay your mortgage or regular household expenses. You can adjust your insurance at any time, for example when your family grows or you pay off a loan.
When does life insurance take care of you and your loved ones?
How to take out life insurance
Make your life easier with free assistance service
In case of injury or illness, we will be happy to arrange a telephone consultation with a doctor and the issue of an e-prescription. We can help with babysitting and dog walking, housekeeping and delivering medications or food.
Call assistance at 466 100 777
Life insurance is also suitable for children
You can cover your children for minor illnesses or injuries, make it easier for them to get a start in life by investing, but also have financial security and time off if they should become seriously ill.
FAQ
Will you cover me even if I am already being treated for something?
It always depends on your particular health condition. That is why we always ask about it before we sign a policy. You know in advance what we will insure you for and under what conditions, taking into account your existing health issues. We will always insure you for basic accident risks.
Who gets the money from the policy if I die?
It is entirely up to you. One of the advantages of life insurance is that you can determine who will be entitled to a payout should an insured event occur. In addition, the life insurance money does not go into the inheritance proceedings, so it will reach your beneficiaries very quickly, including the bank where you have a loan and want it repaid outright.
How quickly can I get money if something happens to me?
In the event of incapacity for work, you can choose whether you want to get the money all at once when you are back at work, or if you want to receive it regularly each month. In the case of disability insurance, we will pay out the money as soon as the Czech Social Security Administration awards you a disability pension. For injuries, we pay as soon as the treatment is over, and for permanent consequences we have to wait until the health condition has stabilised.
How does incapacity insurance work?
If your doctor certifies that you are temporarily incapable of work (so-called sick leave), you are entitled to an agreed amount for each day you are off sick. You can set it up to CZK 600 per day without proof of income.
How long after the policy has been signed must I stay healthy to be entitled to the insurance benefits?
There is no waiting period for injuries. We also cover accidents that happen on the first day of the policy term. There is a waiting period of 2 months for insured events caused by illness.
Can I use life insurance to reduce my taxes?
Yes. If you also have an investment part in your life insurance, you can deduct up to CZK 48,000 per year from your tax base and thus get up to CZK 7,200 back in tax. This applies if you have a no ongoing withdrawals policy, the policy lasts for at least 10 years and will end no earlier than at age 60.
What life insurance fees will I pay?
With us, you pay only one fee, 1.5 % of the regular payment that goes into investment. Extraordinary payments, withdrawals, changes and early termination of the policy are free of charge.
Can I change the policy during its term?
Yes, you can make a change at any time without any charge. If you are changing careers or trying a new sport, let us know. These details affect how much you pay each month.
The insurance is provided by ČSOB Pojišťovna, a.s.
Would you like to report an insured event?
To report damage, please continue to the ČSOB Pojišťovna website.