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- Title
ANALYSIS OF SOME PARAMETERS OF CRITICAL ILLNESS INSURANCE IN THE REPUBLIC OF MACEDONIA.
- Authors
Andreeski, Cvetko; Milosevik, Bratislav; Trencevska, Aleksandra
- Abstract
Critical illness insurance is still in its infancy in the insurance market of Republic of Macedonia, but slowly begins to occupy a significant place. As the information about this type of insurance are still scarce in the local market, our experts can closely follow the rapid development of this type of insurance in foreign markets and use their experiences. Critical illness insurance (CII) typically pays a lump sum benefit based on the first diagnosis of one of a number of specified critical illnesses. A Critical Illness product can take a form of a stand-alone contract, but the most common form is an additional benefit rider of the life insurance policy. Currently, the coverage for critical illness in Republic of Macedonia is offered by two companies. The first company that started selling this kind of product in the local market is Kroacia Insurance-Life (the product was named Kroacia Premium). Then Grawe Insurance also introduced Critical Illness coverage (the product was named Grawe Ellite). In this paper is made an analysis of certain parameters that influence the development of Critical Illness Insurance.en
- Subjects
MACEDONIA; INSURANCE stocks; INSURED losses; NONINSURABLE risks; INSURANCE claims
- Publication
Horizons Series A, 2014, Vol 13, p151
- ISSN
1857-856X
- Publication type
Article