Everything about Insurance

Life insurance is a great way to strengthen the level of welfare achieved throughout your life as a lasting family value.

SEB life insurance offers clients:

• the classic life risk insurance  — the insurance sum does not change during the contract;
• life insurance with decreasing benefit — the insurance sum changes during the contract pro rata to the saving made or the credit repaid.

The minimum life risk insurance benefit is LVL 100. Life insurance premium is calculated individually for each client, taking into account the client's age and sex, health condition and occupation.

A SEB life insurance contract may be supplemented by additional accident insurance, which lets financial support to be received in cases of injuries or serious health problems.

In addition, by concluding a contract on saving for a child's future, additional accident insurance may also be chosen for the child.

A Life Insurance Policy as a Will

It is also possible to indicate heirs and their due share of the insurance benefit in a SEB life insurance contract. This means that the entire savings accrued by the policy holder, as well as the life insurance benefit, is paid out to the holder's indicated heirs within 30 days of submission of relevant documents to the insurer. Heirs thus receive money earlier and it is not necessary to declare the inheritance at a notary public, which would entail additional costs.