"My Plan" life insurance
Long-term protection that builds up your savings at the same time. With "My Plan", you pay a monthly instalment and, at the end of the chosen term, you receive a guaranteed insurance sum in euros — whilst you and your family remain financially protected throughout in the event of death, permanent incapacity for work or serious illness.
With a savings-oriented life insurance policy:
- You choose who receives the sum - you can nominate up to four beneficiaries and change them at any time during the policy term
- You are entitled to early surrender - after two full insurance years, you can terminate the contract and receive the surrender value.
Choose between three levels of protection
- Standard — оBasic "Life" insurance: covers survival to maturity, death and permanent incapacity for work of more than 90%. A suitable choice if your main interest lies in the savings component.
- Classic — Includes everything in "Standard" plus additional "Accident" insurance with cover of 5,000 euros in the event of death or permanent or temporary incapacity for work resulting from an accident.
- Premium — Includes all the cover in the "Classic" package plus additional "Critical Illness" insurance with cover of 5,000 euros and insurance protection for 15 severe, life-threatening illnesses.
How to take out the policy?
- If you are a Postbank customer with a current account or savings account, aged between 18 and 60 at the time the policy is taken out (55 for the "Classic" and "Premium" packages), pop into a convenient Postbank branch for a free, no-obligation consultation.
- Our advisers will help you work out the instalment and insurance sum based on the options you choose.
More solutions for your everyday life
Take a look at Postbank’s other products and services, which will help you manage your money more easily and securely.
Important for you
"MY PLAN" is offered in three insurance package options with different levels of coverage:
- "Standard“ package, including the main 'Life' insurance;
- „Classic“ package, including the main 'Life' insurance and additional 'Accident' insurance;
- „Premium“ package, including the main 'Life' insurance,additional 'Accident' insurance and additional 'Critical Illness' insurance
The 'Accident' and 'Critical Illness' insurances can't be taken out on their own, only as add-ons to the main 'Life' insurance.
The insurance packages provide insurance coverage in the event of the risks specified in the applicable General Terms and Conditions of the insurer for the main 'Life' insurance, additional 'Accident' insurance and additional 'Critical Illness' insurance, and under the special conditions specified in the individual insurance contract (policy).
1. MY PLAN "STANDARD“
The basic insurance provides the protection of a traditional savings "Life" insurance, covering the following risks:
- Maturity (expiry of the insurance policy) – the guaranteed insurance amount is paid;
- Loss of life due to illness or accident - the guaranteed insurance amount is paid out;
- Permanent loss of working ability over 90% - the guaranteed insurance amount is paid out;
- The guaranteed insurance amount also pays out any accumulated extra returns, if there are any;
- The insurance gives the right to surrender (early termination with payment of the surrender value), as well as to convert the policy to paid-up (stopping premium payments in exchange for a reduced sum insured while keeping the insurance term), under the conditions stated in the policy;
Depending on the age of the insured and the type of premium (single or monthly payment), the sum insured under the main coverage may be up to 20,000 euros, 25,000 euros or 50,000 euros for a single insured person.
2. MY PLAN "Classic“
It includes all the coverages of the "Standard" Package and also provides additional accident insurance with a fixed sum insured of 5,000 euros for insurance coverages:
- Loss of life due to an accident – the insurance payout from the additional coverage is paid;
- Permanent loss of ability to work* from an accident - pays out % of the insurance sum from the additional insurance, equal to the percentage of lost/reduced ability to work;
- Temporary loss of ability to work due to an accident - pays 1, 3 or 5% of the sum insured under the additional insurance, depending on how long the uninterrupted period of incapacity lasts.
*The coverage for Permanent Loss of Ability to Work is not included in insurance policies with a single premium payment.
3. MY PLAN "Premium“
It includes all the coverage of the 'Classic' Package and also provides additional 'Critical Illness' insurance with a fixed sum insured of 5,000 euros and coverage for the 15 serious life-threatening diseases, events and conditions outlined in the policy terms.
| Main parameters: | |
| Minimum age of the insured when signing up | 18 years |
| Maximum age of the insured at the time of signing |
• 60 years¹ – „Standard“ package • 55 years¹ – „Classic“ and „Premium“ packages |
| Maximum age of the insured when the insurance expires¹ |
• 70 years¹ – „Standard“ package • 65 years¹ – „Classic“ and „Premium“ packages |
| Insurance period | 10, 15, 20 or 25 yrs. |
| Currency | Euro |
| Payment method | Monthly installments or one-time payment |
| Payment method | Cashless by debiting an account at the Bank |
| Minimum insurance premium |
• 25 euro/month in the first year² • 500 euros with a one-time premium |
| Right of repurchase | After the second year, once all due premiums have been paid or at least 15% of the total amount of premiums. |
| Transforming the contract to paid |
Possible after two full years of paid premiums or when at least 15% of all premiums have been paid. The additional covers 'Accident' and 'Critical Illness' are terminated. The contract can be reinstated up to one year after the transformation. |
¹After reaching the specified ages, the insurance policies automatically end and no insurance premium is collected for them.
²The premium for the main insurance automatically goes up by 5% every year.
The insurance coverage under the Life Insurance "My Plan" is provided by the Insurance Sole Joint-Stock Company "BULSTRAD LIFE VIENNA INSURANCE GROUP" EAD, with EIK 831211284, in accordance with the General Terms and Conditions of the main Life insurance, additional Accident insurance and additional Critical Illness insurance, and the special conditions described in the insurance policy, under the terms and restrictions for its distribution by "Eurobank Bulgaria" AD (Postbank), with UIC 000694749 acting as an insurance intermediary for concluding the insurance as an insurance agent, based on an agency agreement concluded with the insurer.
Please note that this page doesn't include all the insurance terms and isn't meant as a recommendation or advice under the applicable law, it's just intended to give a general idea of the insurance product.
You can find full information about the terms and coverage of the "My Plan" Life Insurance at Postbank offices during working hours, where you can get pre-contractual information about the insurer, the insurance intermediary and the insurance product, an information document and general conditions in Bulgarian on paper, and choose the type of protection that best suits your needs.
Please take the time to carefully go through all the documents related to the insurance product. The information is important and will help you make an informed and sensible decision. If anything is unclear or confusing, you can ask the Postbank staff for clarification. They will discuss any questions you have with you.
When you have an active "MY PLAN" insurance policy with BULSTRAD LIFE VIENNA INSURANCE GROUP AD and the insured person experiences an unexpected insured event:
Step 1: Complete the „Claim Form for the Payment of an Insurance Amount or Part Thereof" Complete the and prepare all the necessary documents described in the General Terms and Conditions of your policy.
You can find information about this step at:
- The web address of ZEAD "BULSTRAD Life Vienna Insurance Group" EAD https://www.bulstradlife.bg
- or by phone 0700 18 800.
Step 2: Send the documents to the address: Sofia 1301, 6 St. Sofia Street in a manner convenient for you:
- by courier;
- with "Bulgarian Posts" as a letter with feedback:
- by delivering them personally to the office of ZEAD "BULSTRAD LIFE VIENNA INSURANCE GROUP" EAD.
ZEAD "BULSTRAD Life Vienna Insurance Group" EAD will:
- will register your insurance claim and will assess the information provided;
- will contact you at the provided address if additional documentation or clarification is required;
- make a decision on your insurance claim within 15 working days from the receipt of the requested information. In case of denial of the insurance compensation, it prepares a statement and notifies you in writing.
If you have any questions regarding your claim, you can contact the "Contact Centre" of ZEAD "BULSTRAD Life Vienna Insurance Group" EAD or send an inquiry by email: bullife@bulstradlife.bg