Average social insurance cash benefits, 1989 1994

When a contract stipulates death as a prerequisite for the payment of the insurance benefits, the insurer may effect the payment of the insurance benefits in accordance with the contract if the insured commits suicide two (2) years or more after the formation of the contract.

Until 31 December 2006 the amount of old age pensions for person who have reached the retirement age prescribed by law, shall not be less than the state social insurance benefit (Ls 30) to which the following coefficients are applied in the event of the insurance period not exceeding 20 years 1.1 for persons whose insurance period exceeds 20 years but does not exceed 30 years 1.3 in the event of the insurance period exceeding 30 years 1.5.

Data Central Statistics Department (CSD).

Data CSD.

8 years of compulsory contributions within the last 10 years preceding the pension payment.

Starting from the fact that funds for carrying out the rights to pension and disability insurance are largely provided for from contributions, and that the number of the insured registered for pension and disability insurance disbursements as at 31 December 2001 was 298,497, we arrive at a conclusion that the increase of pensions this year in relation to current number of pensioners will only be symbolic.

Article 98 For those insurance companies engaged in property insurance business, the premiums retained for the current year shall not exceed more than four times the combined total of its paid up capital and its accumulated reserve fund.

For women, the obligatory terms are 60 years of age and at least 20 years of pension insurance, while either men or women who do not have 20 years of pension insurance acquire the right to a pension with at least 25 years of pension seniority in the Federation of Bosnia and Herzegovina.

The above benefits are administered by the State Social Security Institute under the Social Security Act 1993.

3 years of compulsory contributions to the Miners apos Pension Insurance within the last 5 years.

If the sum insured is less than the insured value, the insurer shall obtain partial rights pertaining to the subject matter of the insurance which is lost or damaged on the pro rata basis of the sum insured to the insured value.

For men affiliated to Special Funds the age for pension entitlement was reduced by two years and therefore harmonized with the age for pension entitlement for women, so that, the people insured to those Funds (irrespective of sex) who became affiliated to any main insurance Fund from 1 1 1983 to 31 12 1992 may be entitled to old age pension when they reach their 58th year of age or 35 years of insurance.

The sum insured refers to the maximum amount which the insurer undertakes to indemnify or pay under its insurance obligation.

184. The Sejm adopted the Act of 10 December 1993 concerning pension security of professional soldiers, Dziennik Ustaw of 1994 No. 10, Text 36.

If, however, the applicant has paid premiums for two (2) years or more, the insurer shall return the cash value of the policy to the insured in accordance with the contract.

4. Pension insurance (old age, invalidity, survivors apos and employment

Table 21. Number of beneficiaries of selected cash social insurance benefits, 1989 1994

Cash benefits and income thresholds for the Alberta Seniors Benefit program have increased, and health insurance premiums for seniors have been eliminated effective October 2004.

Sum insured

(v) Hazard pay 211

Finance and insurance

Reserve for insurance

What insurance money?

In 2002, for example, the income thresholds for the Premium Subsidy program were increased, which made it easier for individuals and families to qualify for premium subsidy.

In order to carry out rights to pensions and disability insurance, two Entity funds for pension disability insurance were formed.

Period of coverage in the Miners apos Pension Insurance 5 years before the onset of the reduced working capacity as a miner.

On completion of 37 years or 11,100 working days both men and women employees affiliated to IKA TEAM and Special Funds (e.g. TAP OTE Hellenic Organization of Telecommunications Personnel Insurance Fund , OAP DEI Public Power Corporation Personnel Insurance Organization , Banks' Insurance Funds etc) are entitled to old age benefits, irrespective of age.

Maternity benefit Under the Law On Maternity and Sickness Insurance of 6 November 1995 a person, upon leaving for the maternity leave, is granted a state social insurance benefit the maternity benefit.

With respect to life insurance, the rights of the insured or the beneficiary to claim for payment of the insurance benefits shall expire if the insured or the beneficiary fails to exercise his her rights to claim within five (5) years from the date when the insured or the beneficiary is aware of the occurrence of the insured event.

Mothers affiliated to the IKA TEAM (Social Insurance Fund Employee's Supplementary Insurance Fund, the largest Insurance Fund in Greece) who give birth after 1 1 2003 or, if the right is not exercised by mothers, then fathers, can have a fictitious insurance period recognized, in order to fulfill the conditions for a minimum insurance period and be entitled to pension rights.

Unless otherwise specified in the contract, in the event that the sum insured is less than the insured value, the insurer shall undertake the obligation for indemnity pro rata of the sum insured to the insured value.

The basic legal act in this field is the Act of 20 December 1990 concerning the social insurance of farmers (Dziennik Ustaw of 1993 No. 71, Text 342). The agricultural old age pension is granted to an insured person who has reached pensionable age (60 years for women and 65 for men) and has been covered by pension insurance for a period of at least 100 quarters.

(ii) A special household supplement can also be paid to single pensioners with little or no income other than the social security pension.

43. In 1987, UNICEF established a reserve of 100,000 to self insure for property losses.

192. Pension insurance.

A double insurance refers to insurance under which an applicant enters into insurance contracts with two or more insurers on the same subject matter of the insurance, the same insurable interests and the same insured event.

Data CSD.

256. In 1985 social security expenditures were totally financed by the State budget.

This response is understandably controversial, because it rewards those who bet on risky assets, many of whom accepted risk with open eyes and bear some responsibility for causing the crisis. But an effective rescue cannot be done any other way.

In case a man or a woman does not have 20 years of service as far as insurance goes, they earn their right for a pension when they fulfill at least 25 years of pension service.

In this scheme the pension amount depends on the amount of social insurance contribution payments made, the capital index and the retirement age, ensuring the insured person a certain part of the substitution of the previous incomes (about 40 50 depending on the retirement age).

The Old New Financial Risk

Financial and insurance services

Occupational risk benefit.