The voluntary medical insurance in Bulgaria

The voluntary medical insurance in Bulgaria is a topic, which set the people’s teeth on edge and is often met with derision. The circumstances were such because of dishonest organizations, which try to earn money without realizing what they are selling.  When those organizations try to impose such products as “voluntary insurance of health in Bulgaria” on the population, this idea is presented as a solution of all the important issues related to Bulgaria’s medicine.   “We will cure you of a wart, and even of cancer only if you pay us the money and take out the insurance policy from us”.  Of course, this is not true. It is impossible to cover the whole labyrinth of the voluntary insurance in Bulgaria in brief.  We believe that there must be a series of articles penetrating into fine points of each specific insurance product.

In Bulgaria, serious companies have offered insurance products for a long time, which are good for the Bulgarian citizens as well as the foreigners.  As a matter of fact, those insurance companies close a lot of issues, which are related to the medicine, but, as a rule, they are created for people, who are not older than 65 years old (inclusive).  The insurance coverage is carried out within the hard and fast rules. The cost is fluctuating from acceptable to very low, depending on the possibilities, which are offered by each specific insurance program.

Here some appropriate questions arise. Why haven’t you received an offer on the voluntary insurance from your insurance agent or broker yet?  Why did you receive evasive answers (including from us) to all your questions as to if it is possible to take out a more serious insurance policy than the mandatory insurance policy? The answers are self-explanatory, and, in their entirety, they give an idea of what happens in reality.

The market of insurance for foreigners is small. Therefore, this market is of little interest to the insurance companies. (It is easy to check this statement. Look for information about mandatory insurance for the foreigners on official websites of the insurance companies in Bulgaria).

1. The level of work, which is connected with the insurance products, in Bulgaria, leaves much to be desired in all kinds of insurance.
2. The complicated insurance products, about which it is necessary to speak much and in detail, are not the best goods
3. To work with the foreigners more deeply means to complicate your life, to hire the native speakers.  Which insurance companies or brokers would like to do that when the outcome is unclear?

In spite of all of the above, recently we can see that Bulgaria’s leading insurance companies are getting interested in the sale of voluntary insurance policies. One of them is UNIQA LIFE, which belongs to the Austrian group UNIQA – a company with the credit rating “A”, according to the estimate “STANDART & POORS”. This insurance company is going to translate the voluntary insurance conditions into English and to organize the educational programs for brokers. We believe that UNIQA LIFE is a serious player of Bulgaria’s insurance market and we will offer their insurance products in the sphere of voluntary medical insurance. One of the best peculiarities of the insurance products, which are expected to be actively promoted in the market, is that the people can receive treatment in Bulgaria as well as in the EU countries and in the whole world (depending on the tariff options).

In March – April 2019 , we are going to fully describe the insurance programs of three plans “Zdrave i tsennost” for Europe and the whole world. On our website it will be possible to order the voluntary insurance automatically.