our Network Partner in Estonia

Company | local language | market trend | typical benefit plan | news | country profile | website

ERGO Elukindlustuse AS

ERGO Elukindlustuse AS (ERGO Life Insurance company) was founded in Tallinn, Estonia in 1995. The shareholder of ERGO Life is German insurance group ERGO.

ERGO Life has a network of representative offices and sales agents all over Estonia and tight co-operation with non-life ERGO-Leks Insurance Company Ltd. and with other companies of ERGO group in Baltic states (Rigas Fenikss in Latvia and Drauda in Lithuania).

ERGO Life provides all major insurance services such as term life, pensions, endowment, group plans and others. Wide range main tariffs which can be combined with various riders enables us to work out for any individual client or company a tailor-made insurance solution.

The structure and operations of ERGO Life are based on highly qualified team and German know-how, whereby the company is the only member of Insurope among six life insurance companies in Estonia.

ERGO Elukindlustus AS asutati 1995.aastal. Seltsi põhiaktsionäriks on ERGO kindlustusgrupp Saksamaal.

ERGO Elukindlustuse müügivõrk katab kogu Eesti ning eriti tihe on koostöö varakindlustusseltsiga ERGO-Leks ning teiste ERGO grupi tütarseltsidega Baltikumis (Rigas Fenikss Lätis ja Drauda Leedus).

ERGO Elukindlustus pakub kõiki peamisi elukindlustustooteid nagu riski-, pensioni- ja kogumiskindlustusi ning ettevõtete kindlustusplaane. Suur hulk põhikindlustusi, mida saab kombineerida mitmete lisakindlustustega võimaldab iga kliendi jaoks välja töötada just tema vajadustele vastava kindlustuspaketi.

ERGO Elukindlustuse töö põhineb Saksa oskusteabel ja kogemustel ning oleme ainuke Insuropei liikmesselts Eestist.

For the Estonian life insurance market, we expect the following developments:

• After a slowdown in 2000, further market volume increase in terms of premiums can be expected for 2001 and subsequent years with an annual average growth of 15 %.
  

• Unit-linked products entered the market but the endowments and pensions still having the highest market share in a short run period.
  

• Further establishment of employee benefit plans, especially in Estonian subs of multinational companies.

Lump sum death benefit = 2 times gross annual salary
Lump sum accidental death and dismemberment benefit = 1-2 times gross annual salary
accidental and/or medical daily allowances = 20-50 % of daily net salary
Usually, the employer pays the insurance premiums.