Annuity insurance under the MEIA contracts

Payments to the injured employee or persons entitled to compensation for damage. In case of an insured event under the MEIA contract, the Eurasia Insurance Company JSC will reimburse the employee’s lost earnings in the amount established by the current legislation.

Annuity insurance under the MEIA contracts

Payments are made under MEIA contracts in fulfillment of the requirements of the Law of the Republic of Kazakhstan “On mandatory employee insurance against accidents during job (official) duties”.

Benefits


Protection of the property interests of employee or persons entitled to compensation for damage

Social liability of the employer to employees

Guaranteed quick insurance payment
  • Terms of insurance payments
    • Due to the establishment of the degree of professional working ability loss for a period of less than one year – the payment shall be carried out monthly based on the annuity contract; at that, the first insurance payment shall be made within seven working days after all the required documents are submitted.
    • Due to the establishment of the degree of professional working ability loss for a period of one year or more - the payment shall be made in the form of annuity payments in favor of the employee for a period equal to the period of establishment or renewal (re-certification) of the degree of employee’s professional working ability loss under the annuity contract (but not more than the retirement age of the employee).
    • In terms of compensation for damage related to death of an employee in case of an accident, as well as due to deterioration of its health as a result of an accident - the payment shall be made in the form of annuity payments in favor of persons who have the right to compensation for damage according to the laws of the Republic of Kazakhstan within the period established by the Civil Code of the Republic of Kazakhstan, under the terms of the annuity contract.
  • How does the contract work
    • If the company has an accident that caused the loss of professional working ability or death of the employee, Eurasia Insurance Company JSC will make insurance payments to the injured employee or persons who have the right to compensation for damage according to the laws of the Republic of Kazakhstan within the period established by the Civil Code of the Republic of Kazakhstan, under the terms of the annuity contract.

Application of insurance

Our operator will call you back, describe the terms and assist you to prepare the contract

“Eurasia LIC” JSC advantage is timely payments.