100-fold Life Insurance (BOX)

100-fold Life Insurance is a financial protection product that provides compensation in the event of serious impairment of bodily functions due to an accident or illness. The coverage becomes effective when the insured person is diagnosed with a disability or a severe medical condition classified by a medical commission as a 31% or higher loss of function. The policy applies to both sudden accidents and long-term or incurable diseases that result in functional losses.

This insurance product covers both physical impairments caused by accidents and a range of critical illnesses. Specifically, it includes:

• Bodily function impairments ranging from 31% to 100% (assessed in 3 categories)
• Terminal stage cancers (Stage 4)
• Myocardial infarction (heart muscle damage)
• Stroke (disruption in brain blood flow)
• Aortic coarctation (major artery narrowing)
• Kidney failure (chronic or end-stage)
• Major organ transplants (heart, liver, kidneys, etc.)

In these cases, the insurance coverage becomes active, and the insured receives the corresponding compensation.

The annual premium for the 100-fold Life Insurance is only 10 AZN. This is a one-time payment made at the time of enrollment, and no further payments are required throughout the year. Customers can make the payment at Kapital Bank/Birbank branches, via the Birbank mobile app, or through payment terminals using cash or cashless methods. The insurance becomes active after the payment is completed.

This product is offered with a 1-year term and does not automatically renew. When the term ends, the insurance coverage also expires. If the customer wishes to benefit from the product in the following year, they must repeat the payment and manually activate a new coverage period. Since the policy lacks auto-renewal, a new application is required each time.

All citizens of the Republic of Azerbaijan and residents with permanent residence permits aged between 18 and 65 can benefit from this insurance product. No medical check-up or tests are required to join. A valid ID and payment are sufficient. Thanks to its simplicity and accessibility, the product is suitable for a broad population group.

In case of an insurance event, you can notify your claim by visiting any Kapital Bank/Birbank branch or submitting an initial application via Birbank mobile app. The following documents are required:

• Identity card
• Official medical diagnosis and discharge report from a medical institution
• Official document confirming the disability status (if applicable)

After submission, the documents are evaluated by the insurance company. If approved, the insurance amount is transferred to the specified account.

The insurance payout is determined based on the percentage of functional impairment and the category of diagnosis. The payment structure is as follows:

• 31–60% impairment — 1000 AZN
• 61–80% impairment — 1000 AZN
• 81–100% impairment — 1000 AZN
• Incurable diseases and special conditions (Coverage 4) – Additional 170 AZN

Thus, a maximum payout of 1170 AZN can be received. The amount is directly paid to the insured person.

When applying for the insurance product:

• Identity card

If an insurance event occurs:

• Medical certificate or discharge summary
• Official document confirming disability or diagnosis
• Application form to be submitted to the bank

Once all documents are submitted, the evaluation begins and payment is made based on the results.

Yes, this product is globally valid. This means coverage is provided not only in Azerbaijan but also abroad in case of an insurance event. The main condition is that submitted documents must be issued by a legally recognized medical institution.

Since the 100-fold Life Insurance is provided with a one-time payment, it cannot be canceled or modified during its validity period. Due to the nature of the product, refund or change rights are not available. However, for the next insurance period, a customer can choose a different product or join a new policy under alternative terms.