The costs of restoring health after an accident can be catastrophic. Group accident insurance is the tool that comes to solve this problem, guaranteeing compensation in case of accidents with bodily injury or death. It can be applied in the most diverse fields of activity, such as sports teams, kindergartens, construction companies, passenger transport, etc.
The policy in question can be drawn up for large and small groups, and the insured persons can be children and adults. Its validity period is selected depending on the case and is between 15 – 365 days. At the same time, the insurance can operate 24 / 24 hours, only during working hours or only during training and sports competitions.
Insurance rates are set according to the age, profession or sport practiced by the group. They vary between 0.45 and 6%, and in the event of the insured event occurring, the compensation amounts are within the limits of 10,000 and 100,000 MDL.
