INSURANCE

Especially with the transition to adult life, we often think about situations we cannot predict, but at the same time, it would be good to prepare for them in advance. Expecting them is generally a good idea whether it’s accidents, natural disasters or other events.

Various insurances help us with this. Some are mandatory, and the state determines their payment as part of care for citizens. A typical example is contractual compulsory vehicle insurance and health or pension insurance. Furthermore, several optional, voluntary insurance types are linked to certain critical situations. These are accident insurance, household insurance, accident insurance and the like.

In general, however, we can say that we pay fees primarily to two sectors – social and health insurance. Social insurance covers events such as pension (retirement, widow’s or orphan) or spending assistance in case of job loss. Health insurance, as the name implies, covers the fees associated with health care.

Social insurance

If you want to find out what a social insurance company is, how it works and, above all, what this type of insurance covers, you can find out directly on the website of the Social Insurance Company. In addition to these definitions, you can simply click through not only specific fees and their functions but also, for example, an article on how not to become a debtor.

In turn, the podnikajte.sk page brings all current changes and detours that must be followed when paying the social insurance company fees.

The employer usually pays the social insurance company’s fees according to the amount of your salary. In the articles on podnikajte.sk, you will learn what happens if you do not have an employer but are a freelancer.

Health insurance

Health insurance is usually paid by the employer, but only in part! Mandatory insurance covers all the necessities associated with medical care. Still, you can also opt for individual supplements ensuring the covers for costs of more specific actions. We deal more with health insurance in the section on health care.

Other types of insurance

In addition to health and social insurance, there are various other types. You can learn about basic terms and insurance on poistenie.sk. In short, we know these main types of insurance.

The most common are:

  • death or life insurance that helps mitigate the financial consequences of death,
  • investment life insurance, which can be used to cover costs associated with various life events,
  • children’s insurance, for example, insurance for the start of life or scholarship insurance, which you need to start dealing with in case you are expecting a child,
  • various supplements to life insurance – for example, accident supplement, critical illness or disability supplement.

The most common are:

  • travel insurance – useful if you are going abroad; it will cover your costs if something happens to you by accident, whether you get injured, ill or cause some damage,
  • motor vehicle insurance – for example, accident insurance that will cover your costs in the event of an accident,
  • property insurance – protects your home and household during various unexpected events.

Different companies provide all these insurances – you can find their list on the website poistenie.sk. For example, the article How to choose the best insurance can help you choose the right one.

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