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Life insurance for pensioners

DDOR – Your partner once you retire

Retirement is a period when you can finally kick back and relax. We know that the biggest obstacle to your sense of security and financial peace of mind as a senior citizen is thinking about how to protect and provide for your loved ones, which is why we’re here to offer life insurance for pensioners and take your mind off these burdens.

DDOR’s insurance for pensioners is tailored to the needs of our elderly citizens since it provides payment of the stipulated indemnity in the event of the insured’s death or dismemberment. In addition to pensioners – policyholders, their spouses, who are not entitled to a pension and are unemployed, are also eligible for insurance.

Main benefits:

  • Financial security for the family: insurance of pensioners in the event of death provides financial support in the event of the insured’s death, meaning that the family has the necessary means to handle unexpected costs.
  • Protection in the event of dismemberment: accident insurance of pensioners provides payment of the stipulated indemnity in the event of dismemberment, making sure that the insured and his/her family receive the necessary support while they navigate new circumstances.
  • Customizable: insurance can be used to cover not only the pensioner, but also his/her spouse, who is not entitled to a pension, thereby providing comprehensive protection for their family.
  • Easy to arrange: policies can be arranged through pensioners’ associations, with minimal documentation and clearly defined terms and conditions.

What does DDOR's pensioner insurance policy cover?

We offer pensioners and their spouses the option of concluding group life insurance of pensioners. The pensioner life insurance policy provides financial security and protection in situations which threaten the family’s peace of mind and stability.

This insurance is designed to provide financial support to pensioners and their families in emergencies, be they unexpected situations or consequences of an accident.

The policy covers:

  • Insurance of pensioners in the event of death: financial coverage, i.e., payment of the stipulated indemnity to beneficiaries in the event of the insured’s death.
  • Insurance of pensioners in the event of an accident: financial support, i.e., payment in case of dismemberment.

How can pensioners and senior citizens take out this insurance?

Group life insurance of pensioners can be concluded via the Pensioners’ Union or Association, in partnership with DDOR osiguranje. The process is straightforward and customized to the needs of elderly citizens, with minimal documents needed, as well as assistance provided by teams of professionals.

To take out this insurance, a pensioner needs to:

  • Fill out the Statement of entry into group insurance;
  • Submit the statement to the Municipal pensioners’ association which has partnered with DDOR, or at the nearest DDOR office.

For further information, pensioners can reach out to:

  • DDOR’s Customer Center (available 24/7) by calling the toll-free number 

0800 303 301.

  • The Municipal pensioners’ association in their city/town.

Make sure you get to enjoy a carefree retirement, quickly and easily!

Terms and Conditions of life insurance for pensioners

  • Age at entry: pensioners aged up to 70 are eligible for the insurance program.
  • Method of payment: insurance premiums are payable yearly or monthly.

Which documents are required?

Entry into group life insurance of pensioners is a straightforward process which requires only minimal documentation. All you need is:

  • a signed „Statement of entry into group life insurance of pensioners“;
  • your pension check.

How is the insured sum collected after the pensioner's death or accident?

After the pensioner's death or dismemberment, the insured sum can be collected by following a few simple steps to ensure quick and efficient claims handling:

1. Report the insured event to your insurance company

The first step is to report the insured event to DDOR. This can be done by a family member, attorney or person authorized by the insured.

2. Collect the necessary documents

You’ll need to submit the following documents:

  • in case of the insured’s death: death certificate, medical report on cause of death, completed claim report form, insured’s pension check, receipts for funeral costs, the beneficiary’s current account number, etc.
  • in case of dismemberment: medical documentation which confirms the degree and cause of dismemberment.

3. Checking and processing claims

DDOR’s team of professionals will go over the submitted documentation and process the claim in line with Insurance Terms and Conditions.

4. Payment of the insured sum

Once approved, the insured sum under the policy will be paid out to the insurance beneficiaries or the insured, in the event of dismemberment.

For additional information regarding the process of collecting the insured sum, insureds and their next-of-kin can contact DDOR’s Customer Center or visit our nearest office.

FAQ

  • Who is eligible for DDOR's insurance of pensioners?

  • Are there any restrictions or exceptions under life insurance policies?

  • Is it possible to change the insurance beneficiaries under a policy?

    Yes. You can change the insurance beneficiary/beneficiaries at any time. All you need to do is contact us and fill out the necessary forms in order to change the beneficiary.

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