What is Funeral Costs Insurance [Poistenie pohrebných nákladov]?
It is the best available tool to mitigate the impact of the financial costs that need to be covered upon an unexpected death of a relative. The insurance benefit is provided as a financial assistance to the relatives of the deceased in this unfortunate life situation. This is an endowment insurance with an indefinite period of insurance (until the death of the insured person) and with a definite period of payment.
What is the purpose of the insurance?
- To cover the funeral and burial costs and to provide financial assistance to the surviving dependants.