Classic plus

"CLASSIC PLUS" is a cumulative type of long-term life insurance with an insurance period of 367 days.

For this product, the Client accumulates funds during the insurance period, and at the end of the Insurance Contract, the company pays the accumulated amount and an additional bonus.

One of the important aspects of the proposed insurance product is the tax relief provided by the government.
Income allocated to a long-term life insurance contract is exempt from personal income tax (clause 15 of article 378 of the Tax Code of the Republic of Uzbekistan).

 

Months

Insurance premiums

Personal income tax benefit

Extra bonus

4%

Insurance payment

1

1 500 000

180 000

60 000

-

2

1 500 000

180 000

60 000

-

3

1 500 000

180 000

60 000

-

4

1 500 000

180 000

60 000

-

5

1 500 000

180 000

60 000

-

6

1 500 000

180 000

60 000

-

7

1 500 000

180 000

60 000

-

8

1 500 000

180 000

60 000

-

9

1 500 000

180 000

60 000

-

10

1 500 000

180 000

60 000

-

11

1 500 000

180 000

60 000

-

12

1 500 000

180 000

60 000

-

Total:

18 000 000

2 160 000

720 000

18 720 000

 

ADVANTAGES OF LIFE INSURANCE:

 

  1. Possibility of effective accumulation of funds;
  2. Possibility to increase income;
  3. Personal income tax exemption;
  4. Insurance against the risk of death during the insurance period;
  5. More profitable investment of funds in comparison with bank deposits.