V. Svyatukha, V.Shyryaeva
Donetsk University of Economics and Law, Ukraine
Development
of life-insurance in Ukraine
Essential
element of any successful economy is the effective system of insurance and
social protection of population. In
countries with developed market economy insurance business protects all sides
of economic and social life of society, and also represents an important
mechanism for attracting investment resources into the economy.
The
insurance companies in the modern world, takes the possibility of financing measures to prevent or reduce the probability of insurance claims,
softening insurance risk, damage reduction. Such programs have social character
and assist the increase of living standard. Insurance stimulates STP, ensuring
the protection of new knowledge-intensive production.
By law
of Ukraine "On insurance", life-insurance is the type of the personal
insurance, which ensures the insurer's obligation to carry out insurance
payment under the contract of insurance in case of death of the insured and
also, if it is provided in the contract of insurance, in case of reaching of
the insured person to the insurance contract termination date and (or)
achievement by the insured a certain contract age.
Terms of life-insurance can also
foresee the duty of insurer to carry out insurance payment as a result of
accident that happened with the insured person, and (or) illness of the insured
person. In case if at the offensive of insurance event regular successive
lifelong insurance payments (insurance of lifelong pension) are foreseen,
obligatory is a presence in the insurance contract the risk of death of the insured person during a period between
beginning of action of insurance contract
and first insurance payment from a number of lifelong insurance
payments. In another cases,
covering
the risk of death of the insured person is obligatory during all term of action
of contract of life insurance.
The contract
of life insurance necessarily foresee
the increase of size of amount covered and (or) size of insurance payments on
sums (bonuses) that is determined by an insurer once a year on results the
received investment profit from placing of facilities of backlogs of
life-insurance instead of charges of insurer on conducting business in a size
to 15 percents the received investment profit and obligatory contribution in
mathematical backlogs of investment
profit part, that corresponds to the size of investment profit that is used for
the calculation of insurance tariff by this insurance agreement and in case of indexation of amount covered size and (or) insurance
payments size after the official index of inflation, contribution, in mathematical
backlogs of investment profit part, that corresponds such indexations.
According
to the economic calculations due to development of life-insurance it is possible
to provide 60-70% of pension profit of citizens, in addition to the joint and
funded pension in the three-level pension system of Ukraine.
However, a dominant place in
the pension system of Ukraine belongs to operating the current joint system, the
sense of which is in that the money paid by ones, and got by others. And this
is the main lack of this system.
Thus, it is possible to do the next conclusions:
- the development of life-insurance will assist strengthening of insurance
defence and social interests of citizens of Ukraine;
- creating conditions, according to the European and international
requirements; also fair competition can stimulate the decline of insurance
tariffs and upgrading of life-insurance.
Literature
1. http://www.provassn.com/insurance.htm
2. http://justukraine.org/ukraine/insurance-in-ukraine.asp
3. http://www.encyclopedia.com/topic/Ukraine.aspx
4. Article 2 of the
Law of Ukraine "On Insurance"