100-fold Life Insurance (BOX)

"100x Insurance" is a life insurance product designed to provide comprehensive protection against critical illnesses that may significantly affect the insured person's health and well-being.

The key advantage of this product is that it provides life insurance coverage equal to 100 times the selected sum insured, offering a substantially higher level of financial protection in the event of unforeseen circumstances.

By providing financial support in the event of a serious deterioration in health or the diagnosis of a covered critical illness, the insurance helps safeguard the financial future of both you and your family.

Critical Illness Coverage: The insurance product provides coverage for Stage IV cancer, leukemia, lymphoma, stroke, myocardial infarction, coronary artery bypass grafting (CABG), kidney failure, major organ transplantation, and other specified critical illnesses and conditions first diagnosed during the insurance period.

The annual premium for 100x Life Insurance is only AZN 20. The premium may be paid at Birbank branches, through the Birbank mobile application, or via payment terminals using either cash or cashless payment methods. Once the payment has been completed, the insurance policy becomes active and the coverage takes effect.

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.

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.

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.

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.