ALICO Bulgaria ensures an outstanding, quality service and builds its market approach upon the best business principles worldwide. As a leader in the life insurance industry we provide innovative products and services to our customers.

Our product lines are vast to fit individual needs

 

ALICO Bulgaria Euro Invest with a slogan “Succeed in the world”

It is a contemporary investment tool giving you access to the international financial markets, and at the same time, enhancing your financial position from life’s unexpected events. Choosing ALICO Bulgaria Euro Invest you take an important step in the realization of your goals by letting your financial resources work efficiently for you.  

ALICO BULGARIA Euro Invest combines the benefits of the life insurance products with potentially more efficient opportunities provided by placement in mutual funds.
As our client you attain two main goals at the same time:

• Increasing the value of your money
• Protection for you and your family

Depending on your personal financial objectives and your investment profile, ALICO Bulgaria offers you three different investment programs.
You choose, in the beginning of the contract, in which of the programs to participate. Moreover, you have daily access and are able to track all the changes in the performance of each investment program on our website.

 

1. Low - risk investment program

ALICO BULGARIA Euro Comfort  is an investment program comprised of four mutual funds with different portion. The strategic apportionment of the assets is 80% in fixed-income instruments (bonds), 15% in equities and 5 % in Cash & Deposits.
The main goal of ALICO Bulgaria Euro Comfort  is to provide the participants with retention and growth of the value of their investments in the long term, mainly by the realization of income from interest and to a lower degree – from dividends and capital profits in a low level of risk.   

 

 

ALICO BULGARIA Euro Balance is an investment program, which consists of five mutual funds with different portions. The strategic apportionment of the assets is 55% in fixed-income instruments (bonds), 40% in equities and 5% in Cash & Deposits.
The main goal of ALICO Bulgaria Euro Balance is to provide the participants with retention and growth of the value of their investments in the long term, mainly through realization of capital profit at a moderate level of risk attained by investments in a well-diversified portfolio.   

 

 

ALICO Bulgaria Euro Dynamic  is an investment program, which consists of six mutual funds with different portions. The strategic apportionment of the assets is 60% in equities, 35% in fixed- income instruments (bonds) and 5% in Cash & Deposits.
The main goal of ALICO Bulgaria Euro Dynamic  is to provide the participants with retention  and growth of the value of their investments in the long term, mainly by the realization of capital profits and dividends and to a lesser degree from income from interest at a moderate to high level of risk.  

 

 

Your Benefits from ALICO BULGARIA Euro Invest

At any time during the life of the insurance contract you can align your financial needs and priorities with the advantages of the three investment programs:

1. Possibility for higher levels of income as a result of professional management of investments

2. Choice of the investment strategy in accordance with your investment profile   

3. Change in the strategy – possibility of transferring an investment from one investment program to another

4. Additional installments (special deposits) – you can deposit additional sum of money at any time, as you are able to profit from the trends of the capital markets.

5. Optimization of the risk by investments in a well-diversified portfolio

6. Transparency and timely information of your investments – you can track the performance of the chosen investment program at any time

7. Insurance shield for you and your family against the main risks related to life, health, and working capacity

8. Complementary insurance coverage according to your needs

9. Opportunities for tax deductions

 

·  ALICO Bulgaria Euro Comfort, ALICO Bulgaria Euro Balance and ALICO Bulgaria Euro Dynamic are Variable Internal Funds organised and managed by ALICO Bulgaria. They do not offer a guaranteed performance and past performance is not an indicator of future performance.

·  ALICO Bulgaria will provide you annually with detailed information about the activity of your Investment Account under the ALICO Bulgaria Euro Invest.

Daily information about Offer and Bid price, and Net Asset Value of the units of the investment programs ALICO Bulgaria Euro Comfort, ALICO Bulgaria Euro Balance and ALICO Bulgaria Euro Dynamic

	Investment Program Offer price   (Euro) Net Asset Value (Euro) Bid price (Euro)
	Search prices for date:	Day   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31	Month   1 2 3 4 5 6 7 8 9 10 11 12	2008   2009   2010

MedicAssist with a motto “Health is our most precious capital”!

A new and unique for the Bulgarian market complex health insurance product. It allows access to high-quality expensive health services, ensures comfort and enough funds in case of a serious illness.

MedicAssist provides the following insurance coverages:

1. Hospital treatment after an accident or sickness

• Everyday compensation - in case of hospitalization, fixed daily amount for each day of the stay of the insured person in the hospital
• Compensation in case of surgery - one-time compensation which makes up for the expenses for this intervention
• Compensation for: entrance into hospital, anesthesia, entrance into emergency ward, use of an ambulance, visit of doctor, diagnostic check-up after the end of treatment

2. Critical Illnesses

In case of diagnosing of 32 diseases you can get one-time compensation within 30 days of the date of diagnosing, which will fund your better treatment.

3. Telemedicine

When the doctor announces the bad news to us, we don't want to believe and look for another opinion. MedicAssist gives you a second chance for a diagnosis made by qualified doctors working in 4 of the best university hospitals in the U.S.
MedicAssist offers 3 insurance plans tailored according to the needs of the customer:

Plan	Silver	Gold	Platinum
Critical Illness	10 000	20 000	30 000
I. Hospital benefits
1. Benefit in case of admission to Hospital	100	200	300
2. Hospitalization benefit	50	100	150
3. Intensive Care Unit Hospitalization benefit	50	100	150
4. Convalescence benefit	25	50	75
II. Operation benefits
1. Surgical interventions and operations benefit	1 000	2 000	3 000
2. Anesthesia benefit as % of the Surgical interventions and operations benefit	25%	25%	25%
III. Non-hospital benefits
1. Benefit in case of Ambulance transportation	100	200	300
2. Benefit in case of physician’s visit	100	200	300
3. Benefit in case of diagnostic screening	50	100	150

 

Life Cover Plus – is more than just life insurance. With Life Cover Plus, ALICO Bulgaria provides:

 

 

 

Payment of the death benefit if you die or are diagnosed with one of the following critical illnesses:

• Cancer
• Heart Attack
• Stroke
• Coronary Artery Disease Requiring Surgery
• Kidney Failure
• Major Organ Transplant
• Blindness

An additional payment equal to the death benefit if you die in an accident;

Payment of your premium when due if you become totally and permanently disabled;

At the end of your policy you receive 25 percent of the premiums paid as a loyalty bonus, provided no life or critical illness has been made.

The term of the policy is 15 years, and the age span is between 18 and 55;

The insurance premium is determined by gender and age at policy issue;

With Life Cover Plus you offer protection for yourself and those closest to you against something unforeseen that were to happen tomorrow.

Second medical opinion  TELEMEDICINE

Online consultations from the Best Hospitals of America

Second Medical Opinion Saves Life

What is SECOND MEDICAL OPPINION?

 

These Services enable patients to receive specialist input in collaboration with their local attending physician without the expense and anxiety of leaving home. Patients rely on expert diagnosis and interpretation from the best specialists and sub-specialists in the world and to advise if the diagnosis and treatment are right.

ALICO Bulgaria –"Future +" and ALICO Bulgaria – "Future + Extra"

"Future +" and "Future + Extra" are endowment programs created to offer you the most complete financial protection for your life and your family life, irrespective of the obstacles you come across.

It bears the features of a flexible product for savings and protection, which allows you to benefit from a guaranteed bonus upon the contract maturity, as well as from coverage everywhere in the world, 24 hours per day. Clients ensure their future with a significant guaranteed amount. In addition they will receive earnings from company investments.

The protection offered by "Future +" and "Future + Extra" covers three major risks:

• Death by any cause + waiver of premium;
• Death by accident;
• Permanent invalidity (partial or total) caused by accident;

"Future + Extra" offers the possibility to obtain your money in three or four equal installments before maturity.

Indexation clause is an additional opportunity to protect real value of client’s investments.

Waiver of Premium
If in case of accident or illness, the insured person becomes totally and permanently disabled (TI) and this disability has continued for a period longer than 6 months, ALICO Bulgaria pays the installments instead of him and the policy remains valid for the period of invalidity.

The features of "Future +" and "Future + Extra" are as follows:

• Duration – 10, 15, 20 or 25 years
• Age limits - from 18 to 55 (leva) and 60 (euro) years old
• The insurance is valid 24 hours a day, 365 days a year, everywhere around the world
• The insurance is individual
• Occupational risk classes

Payments can be arranged in number of ways to meet our customers' needs. Upon the contract maturity, you have the possibility to choose the most appropriate way to receive the accumulated capital:

• the entire sum at once;
• annually at a set value up to the accumulated capital;
• annually for a fixed period of time at a set value based on the capital amount and the chosen duration;
• pension for the entire life span;
• pension for the entire life span, guaranteed for a chosen period of time, irrespective of what might happen to your life;
• pension for the entire life span, transferable in a proportion of 60% to the surviving spouse.

"Future +" and "Future + Extra" are also flexible programs due to the choice you have to select from the optional benefits you can attach to your policy.

"FUTURE + JUNIOR"

"Future + Junior" is an endowment product designed to offer security and peace for your child’s future and gives your child many chances to succeed in life. It has the characteristics of a flexible product for savings and protection which allows you to benefit from a guaranteed bonus upon the contract maturity, as well as from coverage everywhere in the world, 24 hours per day. "FUTURE + Junior" combines both savings and insurance elements, aiming to provide financial security to your children. The main feature of this product is that the policyholder – which is a parent, relative or a guardian - differs from the insured person, which is a child.

"Future + Junior" offers you the possibility to save money in order to offer your child a successful beginning in his or her adult life and, at the same time, it offers protection both for your child, as well as for you. Upon the contract maturity, your child will receive a guaranteed face amount plus an investment benefit.

The protection offered by "Future + Junior" covers with the face amount specified in the contract :

Basic coverage 

• At maturity the insured person (the child) receives the guaranteed amount together with the additional earnings from company investments.
• In case of earlier death of the insured person, all amounts paid as premiums will be returned to the policyholder.

Permanent invalidity (partial or total) caused by accident;

Child Protection Agreement (CPA)

• The validity of CPA expires after the policyholder turns 60 years old or the insured child turns 21 years old.

Payments can be arranged in a number of ways to meet our customers' needs. Upon the contract maturity, you have the possibility to choose the most appropriate way to receive the accumulated capital. The product is flexibile also by the payment method of the accumulated capital:

• the entire sum at once;
• annually with a set value up to the accumulated capital;
• annually for a fixed period of time at a set value based on the capital amount and the chosen duration;
• pension for the entire life span;
• pension for the entire life span, guaranteed for a chosen period of time, irrespective of what might happen to your life;
• pension for the entire life span, transferable in a proportion of 60% to the surviving spouse.

The features of "Future + Junior" are as follows:

"Future + Junior" policy is addressed to your child with a minimum duration of 10 years.

• Age limits - For the insured person (the child) - from 6 mounts (euro) and from 1 year (in leva) to 18 years old. For the policyholder- from 18 to 55 (leva and euro) years old.
• The policyholder – a parent, relative or a guardian – receives the opportunity to save for a certain period and accumulate a considerable amount of money for the child;
• The insured - the child - receives the amount accumulated by the policyholder for the whole period, together with the additional earnings from the company’s investments;
• The insured person also has a variety of life-insurance coverages for the whole period of the policy.
• Duration – 10, 15, 20 or 25 years
• The insurance is valid 24 hours a day, 365 days a year, everywhere around the world.

Opportunities of the products are:

Indexation clause is an additional opportunity to protect real value of client’s investments.

Taxes and tax deductions

All issues related to the taxation of the consumers of the insurance services (natural persons and legal entities) and to the possible tax deductions they can use are regulated by The Taxation of the Income of Natural Persons Act and The Corporate Income Tax Act. These Acts specify the conditions under which the insurance premiums can be used as deductions to taxable income for the relevant year.

Non-taxable amounts are:

• The Insurance Benefit
• The Interest Benefit.

The taxes are due when:

• We pay to the policyholder/insurer the face amount;
• The insurance contract includes terms using tax deductible rules and the contract is amended into one under which such rules are not applicable.

Tax relief: (according to the current newly adopted laws)

• All policyholders of long term life insurance policies are eligible for a 10% tax relief from their annual income
• Employers who buy life insurance for their employees are eligible for a tax relief equal to 60 BGN per month per employee.

Life insurance policies offer insurance protection for a specified term – typically up to 25 years or until a specific age such as 65.

The amount paid for each policy depends on factors such as age, gender, occupation, medical history and the client’s intentions to build up cash value on such policy.

Some policies may require a medical exam and other underwriting requirements.

ALICO Bulgaria – Family Protector

Family Protector is a life insurance product created to offer you protection against unpredictable situations in life. Family Protector is addressed to both you and the entire family and offers coverage everywhere in the world, 24 hours per day.

This package covers the consequences from accidents. It aims to ensure financial protection to our clients against negative effects arising from accidents.

The contract duration is of one year terms and it can be renewed every year up to the age of 64.

"Family Protector" covers the following risks:

*The amounts of the compensations depend on the insurance plan chosen and the year in which the accident occurred (ask your professional consultant for the Rate Table).

• Death, due to accident
• Permanent Invalidity (PI) Partial permanent invalidity
• Daily cash benefit for hospitalization due to accident
• Daily cash benefit for home stay after hospitalization due to accident
• Surgical Benefit for surgery and/or fracture, due to accident

Special bonuses of "Family Protector"

Escalation benefit
Without changing the premium, all coverage escalates 10% at anniversary. For the whole period of the insurance plan the total coverage escalation equals 50%.

Family Coverage
The company offers to its clients an opportunity for additional Family Coverage.

• For a special price the client's family receives full coverage under the "Family Protector";
• Under the Family Coverage the spouse and the children are treated as belonging to the first risk category;

"Family Protector" has the following features

"The Family Protector" has 5 insurance plans:

• standard
• silver
• golden
• platinum
• diamond.

Each of the plans offers different compensation amounts and respectively requires different premium amounts

• Duration
• Risk classes
• Age limits- from 18 to 64 years old
• The insurance is valid 24 hours a day, 365 days a year, everywhere around the world
• The insurance is individual

Road protector

The "Road protector" is an insurance plan against accidents with enhanced coverage of road incidents. It aims to provide financial protection to our clients against negative financial effects arising from all accidents, but especially from those occurring on the road.

 

 

WHY DO WE PAY SPECIAL ATTENTION TO ACCIDENTS?

• because they are unexpected and totally unpredictable;
• because they can happen to anyone, regardless of age and health status;
• because they can change dramatically our life and/or the life of our family;
• because they have a negative impact on our financial status and/or the financial status of our family.

"Road protector" covers the following risks:

*The amounts of the compensations depend on the insurance plan chosen and the year in which the accident occurred (ask your professional consultant for the Rate Table).

• Death, due to accident
• Permanent Invalidity (PI) Partial permanent invalidity

Special coverage and bonuses of "Road protector"

• When an accident occurs on the road, the amounts of all coverage are doubled
• When an accident occurs on the road and the insured person is wearing a seat belt, the amounts of all coverage are tripled
• Escalation benefit

Without changing the premium, all coverage escalate 10% at anniversary. For the whole period of the insurance the total coverage escalation equals 50%.

"Road protector" has the following features

• Two insurance plans - The "Road protector" has two insurance plans- silver and golden.
• Duration – 6 years
• Risk classes
• Age limits- from 18 to 64 years old
• The insurance is valid 24 hours a day, 365 days a year, everywhere around the world
• The insurance is individual

Personal accident (PA) products cover consequences of accidents such as death due to accident, or permanent invalidity (total and partial).

Our customers can also be provided with a daily cash benefit for hospitalization due to accident and home stay after hospitalization, as well as benefits for surgery due to accident.

As option, in the case of road accidents, the amount of all coverages can be significantly increased.

No compensation under PA products is subject to any taxation.

Special bonuses may also be included in our PA products:

• Escalation benefit
  While the premium remains fixed, coverage escalates by 10% on the anniversary of the policy. For the whole six-year period of the insurance plan, the total coverage escalation equals 50%.
• Family Coverage
  For a special price, the client’s family receives full coverage under the “family protector”.

Our individual products combine various coverage and savings options in relation to our clients’ needs.

All ALICO Bulgaria products can also be OFFERED IN EURO. ALICO Bulgaria is the first company in the Bulgarian market licensed to offer Euro products and to invest in Euro securities in the strongest European economies. What makes our Euro products unique?

• Premiums are paid in EURO to avoid exchange risks
• ALICO Bulgaria guarantees the best EURO fund management to make sure our clients’ future yields will be there

Customers get benefits in EURO.

Optional Benefits

You can buy additional protection through Term Life as well, e.g. - in case you or a family member gets sick, you will have the right to receive an indemnity for each day of hospitalization or for the possible surgical interventions, as well as aconvalescence indemnity, depending on the additional protection selected type:

• benefit of hospitalization and surgical intervention caused by accident
• benefit of hospitalization and surgical intervention caused by accident or sickness
• benefit of hospitalization, surgical intervention and convalescence caused by accident
• benefit of hospitalization, surgical intervention and convalescence caused by accident or sickness

To find out more about the products and services offered by ALICO Bulgaria, and to identify the products that correspond to your needs, you can receive guidance from one of our insurance consultants. It is best our pleasure to identify and select your personal, business and family needs! Please contact us at a convenient time for you or write to us via e-mail at headoffice@aiglife.bg and we will contact you.