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ERGO Life Insurance SE, Latvian Branch

With premium income of EUR 20 billion, ERGO is one of the major insurance groups in Germany and Europe. Worldwide, ERGO is represented in more than 30 countries and concentrates on Europe and Asia. ERGO is one of the market leaders in all segments in its home market of Germany. More than 50,000 people work for the Group, either as salaried employees or as full-time self-employed insurance agents.

ERGO offers a broad range in insurance, provision and services. More than 40 million customers, of which 20 million are based in Germany alone, place their trust in the security, expertise and support provided by ERGO and its experts in the various lines of business. We offer integrated insurance and service concepts for their individual needs.

ERGO is part of the Munich Re Group, one of the leading reinsurers and risk carriers worldwide. Under the umbrella of Munich Re, both primary insurers and reinsurers capitalise on opportunities to turn risk into value. The largest part of the Group's investments amounting to approximately EUR 193 billion, of which EUR 116 billion is accounted for by ERGO, is managed by the joint asset management and fund company MEAG.

International business has become an important mainstay of the ERGO Group in recent years, and represents an enormous growth potential. ERGO is active in most European countries as well as in several Asian countries and in Canada.

With its specialists DKV and D.A.S., the Group ranks number one in health insurance and legal protection in Europe. Within Europe, the Group is set on a growth path in Eastern and Southern Europe in particular. In addition, ERGO's operations in selected Asian markets represent one of the corner stones of the Group's international growth strategy. Due to its broad range of products and sales know-how, the Group is able to provide business models for the specific demands of individual markets.

In the Baltic's insurance market ERGO is represented by its subsidiaries - ERGO Life Insurance SE (life and medical insurance) with head office in Vilnius, Lithuania and 2 branches in Latvia and Estonia and 3 non - life companies in Lithuania, Latvia and Estonia.

ERGO's main reinsurance carrier is Munich Re, one of the worlds largest reinsurers. Our partner list also includes brokers Marsh and Aon, which are important players in the world broker market. This means that our clients can expect the highest quality services.

ERGO Life Insurance offers a wide range of life insurance products including endowment, term life insurance, whole life insurance and education annuities. ERGO Life Insurance's product line also features various accident programs. The company provides coverage for such events as accidental death, disability, both permanent and temporary, injury, critical illness, surgery, stay at a hospital, etc.

Since 1998 ERGO Life Insurance is an exclusive member of the INSUROPE Multinational Benefits Association. INSUROPE is an international pool connecting corporate life insurance plans throughout the world. Being part of the pool enables ERGO Life Insurance to increase the competitiveness of its insurance products.

As member of Insurope ERGO Life Insurance SE is able to offer life insurance plans for representatives of multinational companies on local basis in each of Baltic countries as well as offer Pan-Baltic programs according to client needs.

All employees are usually included, although membership may be restricted to certain categories of employee. The level of benefits provided can vary by the category of member or be fixed in relation to the salaries.

Insurance term - 1 year. The insurance contract is renewed and the insurance premiums recalculated annually.

Typical Life Insurance program

Main risk covered:

Death
Term life insurance covers the risk of death. The benefit of 100% of the sum insured is paid in case of death of insured during the policy term.

Additional risks covered:

1. Total permanent disability
The benefit of 100% of the sum insured is paid in case of total permanent disability. The insured event shall be defined as the irrevocable disablement of the insured person to the extent that he looses 75% of ability to work as a result of failure of different bodily functions that occurred during the effective period of the insurance.

2. Death due to accident
The benefit of 100% of the sum insured is paid in case of death of the insured due to accident during the policy term.

3. Disability due to accident
The benefit in case of disability due to accident shall be paid within the limits of sum insured. It means that a certain part of the insurance amount due to the degree of the disability shall be indemnified.

4. Temporary disability and bone fractures
In case of injury due to accident will be paid the benefit for the injury suffered within the limits of sum insured.

5. Daily allowance or hospital daily allowance
If an insured person is temporary rendered incapable of working due to a personal accident, he will receive a daily allowance benefit for each day of working incapacity. If an insured person is hospitalised as a result of a personal accident, he will receive a hospital daily benefit for each day spent in hospital.

6. Critical illnesses
The benefit of 100% of the sum insured is paid in case of diagnosis of the critical illness during the policy. Insurance benefit is paid only once, regardless of critical illnesses and their recurrence number.