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Endowment insurance

A unique form of insurance

Endowment insurance is a unique form of insurance which combines savings and protection. While your insurance contract is active, you not only set aside a portion of the funds as savings, but you are also insured up to the full amount of the insured sum, which provides you and your family with additional financial security.

This type of insurance is extremely important because it provides a dual benefit: future savings and protection against unexpected circumstances which might arise. Endowment insurance provides financial stability and peace of mind when you need it the most.

Benefits of DDOR's endowment insurance

  • All-in-one savings and insurance: save up and be fully protected under the insured sum over the entire term of your contract;
  • Borrow while remaining protected: the option of borrowing an amount in advance, without losing insurance coverage;
  • Additional security: the option of taking out insurance riders for added financial support when you need it the most.

Insurance riders for added protection

Along with our endowment insurance, DDOR offers you the possibility to arrange 14 different types of insurance riders, which provide you with an added layer of security.

 

We offer the following insurance riders:

Death due to accident

Payment of the stipulated insured sum in the event of death, if the insured’s death occurred due to an accident.

Death due to traffic accident

Payment of the stipulated insured sum in the event of death, if the insured’s death occurred due to a traffic accident.

Surgical interventions due to accident

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of a surgical intervention necessary following an accident, as per the insurer’s Table of surgical interventions,

Surgical interventions due to illness

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of a surgical intervention necessary following an illness, as per the insurer’s Table of surgical interventions.

Dread diseases 15

Payment of the stipulated insured sum in the event of occurrence of one of the dread diseases specified in the insurance terms and conditions – insurance coverage is no longer valid once the insured sum for one dread disease has been paid out.

Dread diseases 30

Payment of the stipulated insured sum in the event of occurrence of one of the dread diseases specified in the insurance terms and conditions – insurance coverage remains active for the other dread diseases even after the insured sum has been paid out for one dread disease. The price of insurance includes coverage for children in the amount of 1/3 of the insured sum.

Insurance against malignant diseases

Payment of the stipulated insured sum in the event of occurrence of a malignant disease (coverage for invasive and non-invasive cancer). The price of insurance includes coverage for children in the event of invasive cancer in the amount of 1/3 of the insured sum.

Bone fracture

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of bone fracture, as per the insurer’s Table of bone fractures.

Hospital days following an accident

Payment of the stipulated daily allowance for a hospital stay needed to treat injuries sustained in an accident. Included in the EPIDEMIK PROTEKT package.

Hospital days in case of an illness

Payment of the stipulated daily allowance for a hospital stay needed to treat an illness or for childbirth. Included in the EPIDEMIK PROTEKT package.

Temporary disability

Payment of the stipulated daily allowance during the period of temporary disability caused by an accident.

Dismemberment

Payment of:

– a percentage of the stipulated insured sum in the event of dismemberment, if the insured’s partial dismemberment was caused by an accident, as per the insurer’s Disability Table,

– the stipulated insured sum in the event of dismemberment as specified in the policy or policy schedule, if the insured’s 100% dismemberment was caused by an accident, as per the insurer’s Disability Table.

100% dismemberment

Payment of the stipulated insured sum in the event of total dismemberment, as per the insurer’s Disability Table.

Premium Waiver

In the event of total permanent disability (dismemberment), the insurer assumes the obligation of continuing to pay the premium, and remains obliged to pay out the insured sum after the contract has expired

Terms and Conditions of Endowment insurance

Endowment insurance offers flexible options tailored to the needs and preferences of each client.

  • Individuals aged between 14 and 70 can conclude endowment insurance, with the maximum term of insurance being until the insured turns 75. 
  • The minimum term of insurance is 5 years, whereas the maximum term of insurance is 25 years. 
  • Premium can be paid in:
  • monthly installments,
  • quarterly installments,
  • semi-annual installments,
  • annual installments,
  • or as a single payment.
  • The client selects the premium amount and insurance term based on his/her own needs and preferences. 
  • Insurance can be concluded in dinars or in foreign currency.

Quickly and easily calculate the price of your insurance

Our endowment insurance calculator lets you create your own personalized offer in no time. Simply enter the necessary personal data and information, such as the term of insurance, premium amount, as well as any additional options you’d like in the ‘notes’ field. Once you’ve completed the form, your personalized offer will be emailed to you as soon as possible.

You can find our calculator here and use it to find the best option for you.

FAQ

  • Why do I need endowment insurance?

    In addition to providing financial stability for your loved ones, this insurance program combines savings and protection, enabling you to use the stipulated sum as you wish once your insurance expires.

  • How is the sum which will be paid out determined?

    The insured sum is defined when the contract is concluded, and is guaranteed after the insurance term expires. In case of unforeseen circumstances during the contract term, the entire insured sum will be paid out to the insurance beneficiaries.

  • What happens if I can't continue my premium payments?

    If you find yourself temporarily or permanently unable to continue your premium payments, we provide several options. The program’s flexibility enables it to be customized to your current situation. For additional information, please contact your insurance salesperson.

  • Does endowment insurance cover only death?

    No. In addition to the basic coverage in the event of death, you can also arrange riders for accidents, dread diseases or surgical interventions, which provide additional protection.

  • How much does endowment insurance cost?

    The price depends on your needs and preferences. Just select the premium amount and the term of insurance, and let us guide you through the process of selecting the best option for you.

  • No Risk – Pure endowment insurance

    No Risk life insurance with a savings component is the perfect mix of security and savings which enables you to protect yourself and your loved ones, while planning and saving up for the future at the same time.

    Learn more

  • Whole life insurance

    Modern life is full of uncertainty, and the least we can do in these precarious times is be responsible towards ourselves and our closest family members.

    Learn more