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SPEKTRUM Life Insurance

SPEKTRUM life insurance combines a full range of health and life insurance with profitable savings. SPEKTRUM insurance is an extremely flexible product which can be adjusted according to your needs. You can also change the parameters at any time over the course of the contract duration.

The scope of the insurance can be adjusted according to your own requirements and financial situation. In the case of job loss you can request a premium holiday for a limited period of time in accordance with the amount already saved.

Another clear advantage of SPEKTRUM insurance is creditable revenue of the saving component. It is higher than revenue from time deposits.

Who is the SPEKTRUM insurance designed for?

SPEKTRUM life insurance is based on flexibility and variability and is therefore designed for everybody from 14 to 60 years of age. It is also suitable for people with an unfavourable health condition.

What does SPEKTRUM insurance protect you against?

Due to the outstanding flexibility of SPEKTRUM insurance you can choose from a large scale of various risk insurance protection even over the course of the duration of the insurance.

It can cover the following situations:

Death,
Serious illnesses,
Death or serious illnesses,
Permanent disability due to illness or accident,
Permanent disability due to accident,
Lasting injury effects,
Accidental death,
Injury treatment (daily compensation),
Hospitalization due to illness or accident,
Hospitalization due to accident,
Accident insurance for children.*

* This insurance includes the following: insurance in the case of lasting effects of an injury, insurance in the case of treatment of an injury (daily compensation) and insurance in the case of hospitalization due to accident.

Advantages

Full range of health and life protection,
Profitable savings with respectable revenues,
Insurance scope and structure can be changed at any time,
Tax benefits,
Option of additional deposits and extra withdrawals,
Premium holiday.

Example

Recently, Peter has taken out a loan of 500,000 CZK to improve housing for himself, his wife and two small children. As his wife is a homemaker, Peter wants to protect his family in case that something may happen to him. Therefore he arranged the SPEKTRUM insurance untill he is 65 years of age.

Within his SPEKTRUM insurance he underwrote the insurance in the case of death with an insured sum of 500,000 CZK and an insurance term of 10 years, which fully covers his loan. He also underwrote insurance in the case of accidental death up to 65 years of age with an insured sum of 500,000 CZK, insurance in the case of permanent disability due to accident with an insured sum of 500,000 CZK and insurance in the case of hospitalization due to accident in which he fixed the daily compensation at 300 CZK. Moreover, he insured his two children up to 18 years of age. Even for such an above-standard level of insurance protection he will only pay a monthly insurance premium of 500 CZK.

However, Peter decided to pay 1,000 CZK per month to increase the insurance saving component and his tax benefits.

Husband, 32 years old, 2 small children, wife
Effected insurance coverage:
- Insurance in the case of death with an insured sum of 500,000 CZK for 10 years,
- Insurance in the case of accidental death up to 65 years of age and with an insured sum of 500,000 CZK,
- Insurance in the case of permanent disability due to accident up to 65 years of age also with an insured sum of 500,000 CZK,
- Insurance in the case of hospitalization due to accident up to 65 years of age with an insured sum of 300 Kč,
- Insurance for children up to 18 years of age.
Monthly insurance premium: 1,000 CZK
Saved in total: 401,493 CZK (at guaranteed technical interest rate of 2.4%)*

* In the case of 4 % revenue he will save up to 525,325 CZK and will also save money on tax every year!