This type of insurance aims to provide compensation to the insured and his family in case of his/her temporary loss of labor capacity, partial permanent loss, full permanent loss of labor capacity or death due to all types of sudden accidents happened to the insured ones during their work hours, on the work place or at any place in the territory of Mongolia at any time.
Requirements for the insurance
- Citizens of Mongolia, foreigners and people without citizenship over 18 years old.
Possible insurable risks
All types of sudden accidents and their consequences:
- Temporary and full loss of labor capacity;
- Appointing a disability level;
List of required documents
- Copy of the insured’s ID card, phone number, e-mail address;
- Documents verifying the insured’s employments and position;
- Copy of ID card, phone number and e-mail address of an individual qualified for compensation.
List of materials for insurance claims
- Application by the insured;
- Review made by relevant organizations ( for example, review by Emergency State Agency);
- Damage evaluation report;
- Insurance contract, original copy of the insurance policy;
- Other required materials.
* An insurance company has different types of risks and associated rates vary for that particular property to be insured.