Are you sick on a tourist trip? It is an unpleasant situation, but not so dangerous if there is an insurance policy. Caught in a traffic accident and damaged someone else's car or damaged the life and health of other people?? This situation is solved by the availability of “Avtotsivilka”. Have you flooded the neighbors? It's a shame, but everything can be fixed since the insurance company compensates for the repair of the neighbors' apartment. And what about banks when drawing up insurance contracts?

Журнал «Народний банкір» №13/2020

MANDATORY OR VOLUNTARY
Insurance does not protect against accidents, natural disasters, bankruptcy, illnesses, and other unpleasant things, but it helps to compensate for losses. Insurance is a way to protect yourself, your health, and property from various risks.

Insurance can be mandatory and voluntary. Voluntary insurance has a wide range of services and many Ukrainians choose it. And it’s clear why. For example, “Аvtotsivilka” (mandatory liability insurance of vehicle owners) does not always provide compensation to a damaged vehicle. Imagine that the damaged car – the premium class car. The estimated cost of repairs (bumpers, headlights) is 300 thousand UAH. "Avtotsivilka" will cover a maximum of 130 thousand UAH. And who will help compensate the remaining 170 thousand UAH? Therefore, it is beneficial for a small amount of 200-300 UAH to draw up an additional voluntary "Avtotsivilka" in order to save up to 200-300 thousand UAH in the event of an accident.

Журнал «Народний банкір» №13/2020

Travel insurance, which is included in the price of the tour from the tour operator, usually does not provide protection during the entertainment and extreme rest – skiing, snowboarding, windsurfing, diving, walking in the desert, etc. Therefore, the most reasonable step would be to purchase a policy for 300-400 UAH, which will provide a pleasant and safe vacation. What we can say about property insurance, especially when your neighbors have modern expensive repairs. And if it happens that you flood their apartment, then you don’t have to worry about damages.

TRUST AND CHECK
Who to entrust the money and personal protection? How to find an insurance company and do not become a victim of scams, circumstances, non-payment, etc.? For example, there is an issue of the day for "Avtotsivilka" policies. You bought a car and went to register it. On the way, you met street agents and then drew up a policy very cheaply. It would seem that you successfully saved. Formally, even the form of such a policy is real, but in insurance companies, it is listed as lost. A client can go with it all year and do not know that he bought a fake. Problems will begin if an insured event occurs. Therefore, the insurance policy must be carefully checked: learn the license, ratings, reputation, conditions, etc.

BANK FOR HELPING
It is convenient and beneficial to insure yourself through your bank. And the most important thing in this solution is the reliability of services.

Firstly, financial institutions have their own serious procedure for checking insurance companies, their stability, and possible risks.

Secondly, the bank has a wide network of branches in comparison with the insurance company.

In addition, the bank usually cooperates with several insurers. So, PUMB is a partner of 7 leading Ukrainian companies at once: ASKA, Arsenal Insurance, ARX (“AXA Insurance”), INGO Ukraine, VUSO, PZU, and ASKO Donbass Severny, therefore the bank can offer an insurance product for the customer taking into account his needs and desires.

FINANCIAL SUPERMARKET
The bank provides many useful services, not all of which the insurance company can offer.

General – traditional insurance services – “Avtotsivilka” (OSAGO), DGO (voluntary car insurance), travel insurance, accident insurance, protection of private houses, property protection, green card (mandatory liability insurance for vehicle owners who travel on their cars to the territory of countries that are members of the Green Card system).

There may also be insurance as part of the draw up of a loan product (consumer loans, cash loans). It is mandatory in all civilized countries. The Bank provides insurance against an accident or death, that is, a case when a person cannot repay the loan debt, and the loan obligations are transferred to relatives. Insurance helps the family in a crisis.

*Some leading banks offer insurance against fraudulent activity protecting funds on the customer’s account from fraudulent transactions (phishing, skimming, social engineering, etc.). So, PUMB will introduce this insurance in the spring.

The unique offers of banks deserve special attention.

For example, PUMB offers “Master-Service”service of a home assistant (it's like “husband for an hour”) and “Medikit” – an online consultation with a doctor.

“Master Service” home-based assistance is a useful offer from "ASKA" Insurance Company and "SOS-Service Ukraine", combining insurance of apartments and private houses against arson, natural disasters, flooding, vandalism, and repair services (locksmith, plumbing, electrical work) in case of unforeseen situations.

"Medikit" service is a unique opportunity to consult with doctors online throughout the year:

• without restrictions (the number of requests is not limited);
• without a prior appointment (connection with a doctor within 15 minutes);
• seven days a week (doctors are in touch daily from 9:00 till 21:00);
• - from anywhere in the world (only Internet access is required).

Be aware of the opportunities and make your life more comfortable and safer. You can usually see the full range of opportunities on the bank's website.

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