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Aviva Poland

The Aviva Life Insurance Company Poland Group

Aviva Life Insurance Company is one of the largest and best-known financial institutions in Poland. With over 3 million customers and PLN 13 billion (USD 3 billion) assets under management, the Group holds leading market positions in the pension funds, life insurance and asset management sectors. According to a recent public opinion poll, the Aviva brand is the third best-known brand within the Polish financial services industry, right after PZU and PKO, Polands two oldest financial institutions. Aviva Life Insurance Company Poland is a member of the Aviva Group, formerly CGNU, the largest insurance group in the UK and the seventh-largest in the world. Its core businesses are long-term savings and life insurance. So far, Aviva has invested over USD 180 million in its Polish subsidiaries.

Aviva Life Insurance Company Poland

Since it obtained an operating license in 1991, Aviva Life Insurance Company (previously Commercial Union Life) has written over 1,600,000 life policies. The company has been leading Poland's individual life insurance market since 1995. At present, Aviva Life holds over 38 percent of the individual life market and nearly 19 percent of the whole life market. The company offers combine risk protection with long-term saving for extra pension, juvenile and term policies as well as annuities and group insurance and Employee Pension Programmes that provide flexible solutions for corporations and institutions alike. Aviva Life has issued over 10,000 group policies covering over 170,000 employees.

In co-operation with Insurope, Aviva Life Insurance Company has also provided the group life insurance programs to multinational employers. These programs can be included in Insurope�s multinational pooling.

Group Life Insurance OPIEKUN is an Aviva Life group insurance product which can be offered within pool.

The Insurance Program created by Aviva guarantees the Employees and their relatives a high level of insurance coverage. The Company makes payments in situations when the financial support is mostly required.

Clients may choose among additional riders as follows:

Accidental death and disability

accidental disability bodily injury resulting from an external cause neither directly nor indirectly related to any physical or mental symptom in the member which materialized while the insurance protection was in force, in a sudden manner, independent of the members will, if the disability occurred within one hundred eighty days from the date this cause materialized

accidental death death of the member, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom in the member, which materialized while the insurance protection was in force in a sudden way and independent of the members will if death occurred within one hundred eighty days from the date that this cause materialized,

Accidental death and permanent injury

accidental death of the Member resulting from an external cause which neither directly nor indirectly resulted from any physical or mental symptom in the Member which materialized while the insurance protection was in force, in a sudden way, independent of the Members will, where death occurred within one hundred eighty days from the date that this cause materialized;

accidental permanent injury any long term pain, decrease in efficiency of a particular body part or organ, a missing body part or any disruption of functions throughout the body as a result of morphological damage or disturbance arising as a result of an external cause which neither directly or indirectly resulted from a physical or mental symptom in the Member which materialized while the insurance protection was in force, in a sudden way, independent of the Members will, where permanent injury occurred within one hundred eighty days from the date that this cause materialized; not disabling the Member to perform his/her occupation,

Accidental death (death of the member, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom in the member and materialized while insurance protection was in force, in a sudden way and independent of the members will, insofar as death occurred within one hundred eighty days from when this cause materialized),

Accidental hospital treatment (a minimum of five consecutive days of undergoing treatment in a hospital in Poland due to the Members state of health due to the Members state of health as a result of an external cause not having a direct or indirect source of any physical or mental symptom in the Member which materialized while the insurance protection was in force in a sudden way, independent of the Members will; a day in the hospital is understood as a calendar day whereas the first day is the day that the Member checked in and the last day is when the Member checked out )

Accidental total permanent disability (total inability of the Member to carry out commercial activity, resulting from an external cause neither directly nor indirectly related to a physical or mental symptom which materialized while the insurance protection was in force, in a sudden manner, irrespective of the Members will; whereas commercial activity is understood as activity carried out by the Member to earn an income, in particularly if the activity is carried out further to an employment contract or another type of agreement or the Member is self-employed),

Child�s death,

Critical illness (illnesses suffered by Members like: kidney failure, malignant tumour, organ transplants, brain stroke, coronary vessel surgery, heart attack,

Extended Critical illness (illnesses suffered by Members like: kidney failure, malignant tumour, organ transplants, brain stroke, coronary vessel surgery, heart attack, loss of vision, loss of speech, coma, extensive burns, aorta surgery),

Child birth (member�s child) (natural or adopted child, remaining under the members legal care (with respect to minors) as well as the members natural or adopted child, which until the child reaches adult age remains under the members care),

Hospital treatment (a minimum of 5 consecutive days of undergoing treatment in a hospital in Poland due to the Members state of health; where one day of hospitalisation
is understood as one calendar day and the first is the day of checking in whereas the last is the day of checking out),

Total permanent disability (total inability of the Member to carry out commercial activity due to a heath disorder or bodily injury which materialized while the insurance
protection was in force; commercial activity is understood as activity carried out by the Member to earn an income, in particularly if the activity is carried out further to an
employment contract or another type of agreement or the Member is self employed),

Parents
death (death of the members Parent as a result of an external cause not having a direct or indirect source in any type of physical or mental symptom in the members Parent which arose while the insurance protection was in force in a sudden manner and independent from the will of the members Parent, where death occurred within one hundred eighty days from when the cause arose),

Spouses
death (death of the members Spouse, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom in the member and materialized while the insurance protection was in force, in a sudden way and independent of the will of the members Spouse, where death occurred within one hundred
eighty days from when this cause materialized)

Riders poolable with Insurope are:

� Accidental death,

� Accidental death and disability,

� Accidental death,

� Accidental hospital treatment,

� Accidental occupational disability,

� Serious illness,

� Extended Serious illness,

� Hospital treatment,

� Occupational disability,

� Spouses death

WHY ARE AVIVA CUSTOMERS SATISFIED?

Aviva guarantees 24 - hour protection all around the world,

Avvia does not have any medical requirements with respect to persons joining on the day of signing the insurance contract,

Employees leaving the company can continue the insurance individually in the form of life insurance policy or investment policy,

There is a possibility to extend the insurance range by additional options and to make changes in the frequency of premiums payment on every policy anniversary.

OVER 10 000 GROUP
LIFE INSURANCE ARRANGEMENTS IN FORCE

Retirement benefits

Legislation is expected to permit tax effective supplementary group benefit plans to be set up. Some employees may collective individual savings on the voluntary plans. These schemes are defined contributions plans and will result in an individual account per participant. The benefit will be an annuity or lump sum payment at retirement.

Death and disability benefits

The employer is obliged to provide an additional funeral grant benefit linked to length of service (see social security).

Employer can provide group life insurance plan providing a benefit equal to the sum assured quite often a multiple of salary e.g. 2 times salary. The group life cover can include riders for e.g. disability, accident, dread disease, dependent's death, health and sickness benefits.

Health insurance

Supplemental health insurance is usually not provided. However in case of accident, a hospital treatment rider to the group life scheme could be provided. One might also consider adding a rider to the group contract for serious illnesses.

Contributions

Plans can be fully financed by the employer, fully financed by the employee or the cost can be shared.

In co-operation with Insurope, Aviva Life Insurance Company has also provided the group life insurance programs to multinational employers. These programs can be included in Insurope's multinational pooling arrangements.

Group Life Insurance OPIEKUN is a CU Life group insurance product which can be offered within a pooling context.

The Insurance Program created by Commercial Union Polska guarantees the Employees and their relatives a high level of insurance coverage. The Company makes payments in situations when the financial support is mostly required.

Clients may choose among additional riders as follows:

Accidental death and disability

accidental disability bodily injury resulting from an external cause neither directly nor indirectly related to any physical or mental symptom of the member which materialized while the insurance protection was in force, in a sudden manner, independent of the member's will, if the disability occurred within one hundred eighty days from the date this cause materialized

accidental death death of the member, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom of the member, which materialized while the insurance protection was in force in a sudden way and independent of the member's will if death occurred within one hundred eighty days from the date that this cause materialized,

Accidental death and permanent injury

accidental death of the Member resulting from an external cause which neither directly nor indirectly resulted from any physical or mental symptom of the Member which materialized while the insurance protection was in force, in a sudden way, independent of the Member's will, where death occurred within one hundred eighty days from the date that this cause materialized;

accidental permanent injury any long term pain, decrease in efficiency of a particular body part or organ, a missing body part or any disruption of functions throughout the body as a result of morphological damage or disturbance arising as a result of an external cause which neither directly or indirectly resulted from a physical or mental symptom of the Member which materialized while the insurance protection was in force, in a sudden way, independent of the Member's will, where permanent injury occurred within one hundred eighty days from the date that this cause materialized; not disabling the Member to perform his/her occupation,

Accidental death (death of the member, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom of the member and materialized while insurance protection was in force, in a sudden way and independent of the member's will, insofar as death occurred within one hundred eighty days from when this cause materialized),

Accidental hospital treatment (a minimum of five consecutive days of undergoing treatment in a hospital in Poland due to the Members state of health due to the Members state of health as a result of an external cause not having a direct or indirect source of any physical or mental symptom of the Member which materialized while the insurance protection was in force in a sudden way, independent of the Members will; a day in the hospital is understood as a calendar day whereas the first day is the day that the Member checked in and the last day is when the Member checked out )

Accidental total permanent disability (total inability of the Member to carry out commercial activity, resulting from an external cause neither directly nor indirectly related to a physical or mental symptom which materialized while the insurance protection was in force, in a sudden manner, irrespective of the Members will; whereas commercial activity is understood as activity carried out by the Member to earn an income, in particularly if the activity is carried out further to an employment contract or another type of agreement or the Member is self-employed),

Child's death,

Critical illness (illnesses suffered by Members like: kidney failure, malignant tumor, organ transplants, brain stroke, coronary vessel surgery, heart attack),

Extended Critical illness (illnesses suffered by Members like: kidney failure, malignant tumor, organ transplants, brain stroke, coronary vessel surgery, heart attack, loss of vision, loss of speech, coma, extensive burns, aorta surgery),

Child's birth (member's child) (natural or adopted child, remaining under the members legal care - with respect to minors - as well as the member's natural or adopted child, which until the child reaches adult age remains under the member's care),

Hospital treatment (a minimum of 5 consecutive days of undergoing treatment in a hospital in Poland due to the Member's state of health; where one day of hospitalization is understood as one calendar day and the first is the day of checking in, whereas the last is the day of checking out),

Total permanent disability (total inability of the Member to carry out commercial activity due to a heath disorder or bodily injury which materialized while the insurance protection was in force; commercial activity is understood as activity carried out by the Member to earn an income, in particularly if the activity is carried out further to an employment contract or another type of agreement or the Member is self employed),

Parent's death (death of the member's Parent as a result of an external cause not having a direct or indirect source in any type of physical or mental symptom of the member's Parent which arose while the insurance protection was in force in a sudden manner and independent from the will of the member's Parent, where death occurred within one hundred eighty days from when the cause arose),

Spouse's death (death of the members Spouse, resulting from an external cause, which neither directly or indirectly resulted from any physical or mental symptom of the member's spouse and materialized while the insurance protection was in force, in a sudden way and independent of the will of the member's spouse, where death occurred within one hundred eighty days from when this cause materialized)

Riders poolable with Insurope are:

� Accidental death,

� Accidental death and disability,

� Accidental death,

� Accidental hospital treatment,

� Accidental occupational disability,

� Serious illness,

� Extended Serious illness,

� Hospital treatment,

� Occupational disability,

� Spouse's death