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Endowment insurance

A Unique Type of Insurance

Endowment insurance is a distinctive form of insurance that combines savings and protection. While your policy is active, you not only accumulate savings, but you are also insured for the full amount of the insured sum, offering additional financial security for you and your family.

This type of insurance is especially valuable because it delivers a dual benefit: future savings and protection against unforeseen events. Endowment insurance provides long-term financial stability and peace of mind when it matters most.

Benefits of DDOR's Endowment Insurance

  • Combined savings and protection – accumulate savings while being fully insured for the entire duration of your contract;
  • Access to funds without losing coverage – borrow against your policy without affecting your insurance protection;
  • Enhanced financial security – add insurance riders for extra support when it matters most.

Insurance Riders for Added Protection

With DDOR endowment insurance, you can enhance your policy by choosing from 14 different insurance riders, offering an additional layer of financial security.

 

We offer the following insurance riders:

Death due to accident

Payment of the stipulated insured sum in the event of death, if the insured’s death occurred due to an accident.

Death due to traffic accident

Payment of the stipulated insured sum in the event of death, if the insured’s death occurred due to a traffic accident.

Surgical interventions due to accident

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of a surgical intervention necessary following an accident, as per the insurer’s Table of surgical interventions,

Surgical interventions due to illness

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of a surgical intervention necessary following an illness, as per the insurer’s Table of surgical interventions.

Dread diseases 15

Payment of the stipulated insured sum in the event of occurrence of one of the dread diseases specified in the insurance terms and conditions – insurance coverage is no longer valid once the insured sum for one dread disease has been paid out.

Dread diseases 30

Payment of the stipulated insured sum in the event of occurrence of one of the dread diseases specified in the insurance terms and conditions – insurance coverage remains active for the other dread diseases even after the insured sum has been paid out for one dread disease. The price of insurance includes coverage for children in the amount of 1/3 of the insured sum.

Insurance against malignant diseases

Payment of the stipulated insured sum in the event of occurrence of a malignant disease (coverage for invasive and non-invasive cancer). The price of insurance includes coverage for children in the event of invasive cancer in the amount of 1/3 of the insured sum.

Bone fracture

Payment of the stipulated insured sum or percentage of the stipulated insured sum in the event of bone fracture, as per the insurer’s Table of bone fractures.

Hospital days following an accident

Payment of the stipulated daily allowance for a hospital stay needed to treat injuries sustained in an accident. Included in the EPIDEMIK PROTEKT package.

Hospital days in case of an illness

Payment of the stipulated daily allowance for a hospital stay needed to treat an illness or for childbirth. Included in the EPIDEMIK PROTEKT package.

Temporary disability

Payment of the stipulated daily allowance during the period of temporary disability caused by an accident.

Dismemberment

Payment of:

– a percentage of the stipulated insured sum in the event of dismemberment, if the insured’s partial dismemberment was caused by an accident, as per the insurer’s Disability Table,

– the stipulated insured sum in the event of dismemberment as specified in the policy or policy schedule, if the insured’s 100% dismemberment was caused by an accident, as per the insurer’s Disability Table.

100% dismemberment

Payment of the stipulated insured sum in the event of total dismemberment, as per the insurer’s Disability Table.

Premium Waiver

In the event of total permanent disability (dismemberment), the insurer assumes the obligation of continuing to pay the premium, and remains obliged to pay out the insured sum after the contract has expired

Terms and Conditions of Endowment Insurance

Endowment insurance offers flexible options tailored to each client’s individual needs and preferences.

  • Endowment insurance offers flexible options tailored to each client’s individual needs and preferences.
  • Individuals aged 14 to 70 are eligible to conclude an endowment insurance policy, with coverage lasting until the insured turns 75.
  • The insurance term can range from a minimum of 5 years to a maximum of 25 years.
  • Premiums can be paid:

* monthly,

* quarterly,

* semi-annually,

* annually,

* or as a single lump-sum payment.

  • Clients choose the premium amount and insurance term based on their personal financial goals and needs.
  • The policy can be concluded in dinars or in a foreign currency.

Quickly and Easily Calculate Your Insurance Premium

With our endowment insurance calculator, you can generate a personalized offer in just a few simple steps.
Enter your basic personal information, select the desired insurance term and premium amount, and include any additional options in the “Notes” field.
Once the form is completed, your customized offer will be sent to your email address promptly.

You can access the calculator here and find the best option tailored to your needs.

FAQ

  • Why do I need endowment insurance?

    In addition to providing financial stability for your loved ones, this insurance program combines savings and protection, enabling you to use the stipulated sum as you wish once your insurance expires.

  • How is the sum which will be paid out determined?

    The insured sum is defined when the contract is concluded, and is guaranteed after the insurance term expires. In case of unforeseen circumstances during the contract term, the entire insured sum will be paid out to the insurance beneficiaries.

  • What happens if I can't continue my premium payments?

    If you find yourself temporarily or permanently unable to continue your premium payments, we provide several options. The program’s flexibility enables it to be customized to your current situation. For additional information, please contact your insurance salesperson.

  • Does endowment insurance cover only death?

    No. In addition to the basic coverage in the event of death, you can also arrange riders for accidents, dread diseases or surgical interventions, which provide additional protection.

  • How much does endowment insurance cost?

    The price depends on your needs and preferences. Just select the premium amount and the term of insurance, and let us guide you through the process of selecting the best option for you.

  • No Risk – Pure endowment insurance

    No Risk life insurance with a savings component is the perfect mix of security and savings which enables you to protect yourself and your loved ones, while planning and saving up for the future at the same time.

    Learn more

  • Whole life insurance

    Modern life is full of uncertainty, and the least we can do in these precarious times is be responsible towards ourselves and our closest family members.

    Learn more