New life insurance liability coverages and increasing the death capital limit in cooperative insurance
According to the financial news report, quoted by the public relations of Cooperative Insurance, Mohammad Hossein Yousefi, director of life insurance of Cooperative Insurance; Expressing this news, he added: We intend to create a culture and promote the use of insurance services by designing new products in the field of life insurance, and increasing the capital limit for death and disability along with increasing the liability coverage limit are among the measures to achieve this.
The life insurance manager of Cooperative Insurance Company stated: When it comes to life insurance, most people think that the only use of this type of insurance is related to the coverage of diseases or death, but these insurances have a wider function and more benefits, including the possibility of receiving participation benefits. Receiving guaranteed interest, the possibility of getting a loan or the possibility of buying without age restrictions and so on. . . includes Therefore, increasing the capital limit and expanding the coverage of the liability group in the life insurance policies of Cooperative Insurance was considered in order to develop the culture of this type of insurance and increase their sales, to give a suitable response to the trust of our customers.
He further increased the capital limit for death from 10 billion Rials to 20 billion Rials, the capital limit for disability due to an accident from 10 billion Rials to 20 billion Rials, the number of special diseases covered from 5 to 30 diseases and the capital limit from 500 million Rials to 1 billion Rials and the capital limit for death due to an accident from 10 billion Rials to 20 billion Rials and added: the coverage of the liability group of life insurances is also for the professional liability of doctors with a 50% discount, the professional liability of para-physicians With a 60% discount, the responsibility of the building management board towards third parties will be presented to the compatriots with a 50% discount, and the responsibility of the elevator owners towards users and third parties will be 50%.
