by Ani Ivanova

Buying a life or accident insurance policy in Bulgaria is no different from your own country, but mind the small print

So you haven't had time to buy a life insurance policy before arriving here? Sit back and prepare to spend hours in front of the Internet - choosing an insurer is one of the toughest consumer decisions you will face.

The Oxford Business Group claims there are about 30 insurers on the market. Local branches of reputable international companies compete with domestic players. Most companies handle commercial and liability insurance but about a dozen offer life insurance policies.

Their web pages should provide you with the information you need. If you opt to call or visit them, you should have no problem in finding English-speaking employees.

However, any insurance-savvy consumer should prepare to make many choices along the way. Insurers' products resemble the choices you face when ordering in an Onda coffee bar: espresso, cappuccino, white or brown sugar, no sugar, milk, skimmed milk, no milk, cream, veggie cream, no cream at all etc... The permutations and choices are many and varied.

So, start with the type of life insurance you're seeking: short term, long term, risk, endowment or credit. If you're uncertain about something, seek clarification from the insurer. Just like in any other country, packages are flexible and should be tailored to meet your individual needs. For instance, your life insurance policy could cover risks such as death but also permanent or temporary disability due to accident or acute illness - or a combination of all the above. If you would rather make an investment, ask for details on this type of life policy. In general, it's best not to skimp on life insurance. And, obviously - like so much else in life - the best cover comes at a higher price.

You may also want to consider accident insurance products valid for people on temporary stays in Bulgaria and/or travelling to other countries. Possible policies can cover a variety of misfortunes and accidents: temporary or permanent disability, urgent medical treatment, dental surgery, repatriation and other necessities. Make sure you are aware of whether you will be reimbursed or will be provided with worldwide professional assistance. If the latter, carefully
note and safeguard the telephone number you need to call in case you need help.

To finalise a policy, you need to visit your insurer in person. As previously stated, negotiations will be undertaken in English, but if possible, bring along a Bulgarian friend who can interpret the finer
points for you.

You will need similar papers to those in your own country: a valid identity document, either your passport or lichna karta. You will also have to fill out a medical declaration. Higher premiums, generally the ones exceeding 10,000 leva, mean you will be asked to undergo additional medical examinations and tests. And you could be required to answer questions about your current earnings.

Your policy is a legal contract. So, before you sign it, discuss every detail with your dealer: risks covered, financial conditions, terms of validity, exclusions and liabilities. For instance, it's important that your cover begins from the moment you sign the preliminary contract.

You should also establish in which currency you will have to pay your premium and clarify the frequency of payment, annual or monthly, and the method of payment - by cash or by bank transfer.

Finally, bear in mind that once you buy your policy in Bulgaria, any subsequent claims should be made with the insurer in this country.


    Commenting on

    Vagabond Media Ltd requires you to submit a valid email to comment on to secure that you are not a bot or a spammer. Learn more on how the company manages your personal information on our Privacy Policy. By filling the comment form you declare that you will not use for the purpose of violating the laws of the Republic of Bulgaria. When commenting on please observe some simple rules. You must avoid sexually explicit language and racist, vulgar, religiously intolerant or obscene comments aiming to insult Vagabond Media Ltd, other companies, countries, nationalities, confessions or authors of postings and/or other comments. Do not post spam. Write in English. Unsolicited commercial messages, obscene postings and personal attacks will be removed without notice. The comments will be moderated and may take some time to appear on

Add new comment

The content of this field is kept private and will not be shown publicly.

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Discover More

Spring adrenaline often needs to find an outlet, and on 20-21 April you have the perfect excuse to let it all out. For two days Hadzhidimitrovo Village, near Yambol, will host Tundzha Trail, one of craziest 4WD competitions.

Emma Hopkins OBE was appointed Her Majesty's Ambassador to Bulgaria in May 2015. Since then, she has been exploring Bulgaria, its people, culture, landmarks and, last but not least, its cuisine.

"Do I feel lucky today?" This popular movie tag could easily apply when considering whether or not to chance the public transport network in Sofia.

A French girl emerges from Sofia Airport and, before she even looks round for a taxi, she is bombarded with offers of a ride into the city.

I’m reading “The English Neighbour” at the moment, a book about an Englishman who moves to a quiet Bulgarian village. Many people had recommended it to me.
According to the National Employment Agency, Bulgaria's official unemployment rate is 9.6 percent. Eurostat, however, has produced different data, stating that in June 2011 the unemployment rate was 11.4 percent, compared to 10 percent a year earlier.
You may have various reasons for choosing public education in Bulgaria, either for yourself or for your children, ranging from an inability to afford the fees at private educational institutions to being unable to access their services because you live, for
Whether you are buying property or marrying a Bulgarian, you will certainly come to a point when you will need to get documents officially translated and/ or legalised.
Three young Finns set out in May 2010 to trek over the mountain pass at Bachkovo, in the Rhodope. The day started well but ended up as a nightmare when one of them fell and was injured.

"I bought a pair of winter shoes, they seemed stable. After two weeks the sole of one of them came off“ a friend of mine complained. "They were under warranty. I exchanged them for another pair at the shop. Two weeks later the sole came off again.
It could happen to anyone. Your brother or husband goes on what seems like an exciting trip to the Middle East or the Pacific. Then you switch on the TV and you catch some breaking news.
There was a report in The Sunday Times a few years ago that described how easy it was to purchase a child from some Gypsy quarter in Bulgaria. A healthy child was priced at ₤16,000.