In case of "traditional products of life insurance" the premium and the sum insured are determined exactly when the policy is issued and the insurance company guarantees these amounts during the whole period of insurance. In order to meet these guaranteed liabilities the insurance company has to establish sufficient mathematical reserves and evaluate them at least with technical interest rate. In other words - the insurance company guarantees that the financial means of clients are evaluated with technical interest rate.

If the insurance company succeeds to evaluate mathematical reserves with higher interest rate, then the client will be given the part of this excess of interest as Interest benefit. The Interest benefit is created by investing of mathematical reserve at the end of the calendar year that follows the first anniversary of the effective date of the insurance. The Interest benefit is credited to the client's account at the end of each calendar year. However, in case of an insurance event, the insurance company will pay this benefit even for the period that passed from the previous calendar year.

Under the Civil Code of the Slovak Republic, insurance benefit is not included in the inheritance of the insured. In case of death of the insured, the primary information on authorised persons is listed in the insurance policy. If no authorised person is specified in the insurance policy at the time of the insurable event, the insurance company shall proceed according to the Civil Code and the following persons shall obtain; in most situations, the benefit:
1. husband or wife of the insured; if there is none,   
2. children of the insured; if there are none,
3. parents of the insured; if there are none
4. persons who lived with the insured in a common household for the period of at least one year before his/her death; if there are none
5. heirs of the insured.

In the insurance application, the client can specify whether he/she wants to tie the benefit to a bank account until the full age of the minor person, or to pay it into the hands of a statutory representative for the benefit of the minor authorised person. Then, the insurance company shall proceed in compliance with the specific statement.

This is a possibility only for clients who have bought "Additional insurance in case of exemption from the payment of insurance premium" or "Additional insurance for the benefit of children". The client must be unable to perform any job yielding a profit or other earning for at least 6 months. We exempt the client from the first insurance premium following the start of such disability. We terminate the exemption after the termination of such disability. I.e., the insurance maturity date, from which we shall exempt him/her, must fall within the period of this disability. If the client has already paid the premium, from which he/she could have been exempted, we shall return the insurance premium to him/her. Exemption is related to disability where he/she is unable to work only caused by illness or an injury, which occurred after the insurance commencement.

The term "permanent disability caused by an injury" means a personal injury to the insured pursuant to insurance terms and conditions of accident insurance/additional insurance of our company – this term is not identical with the term "invalidity" used in social security. 
Permanent disability caused by an injury is understood as an anatomical or functional loss, not e.g. aesthetic defects. Anatomical losses can be evaluated almost immediately after the injury, functional losses, however, after elapsing 365 days from the injury.