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Commercial Union Poland

The Commercial Union Poland Group

Commercial Union Poland Group 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 CU brand is the third best-known brand within the Polish financial services industry, right after PZU and PKO, Polands two oldest financial institutions. Commercial Union 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.

Commercial Union Poland Life Insurance Company

Since it obtained an operating license in 1991, Commercial Union Poland Life Insurance Company (CU Life) has written over 1,600,000 life policies. The company has been leading Poland's individual life insurance market since 1995. At present, CU 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. CU Life has issued over 10,000 group policies covering over 170,000 employees.

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

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

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 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),

Childs 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),

Childs birth (members 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 COMMERCIAL UNION CUSTOMERS SATISFIED?

Commercial Union guarantees 24 - hour protection all
around the world,

Commercial Union 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