Examples for calculation of the insurance indemnity

From January 1st 2008 the maximum insurance amount is 22 000 EUR.
The client has a deposit – LTL 15 000 and EUR 10 000. Its deposit will be calculated as follows:

1. LTL 15 000 and EUR 10 000

So the amount of deposit is equal to:

LTL 15 000 + EUR 10 000 x 3,4528 = LTL 49 528

Individual, therefore, is entitled to the following amount (K) of insurance indemnity:

K = 10 358,40 x 100 percent + 39 169,90 x 90 percent

or K = 10 385,40 + 35 252,64 = 45 611,04 Litas.

2. LTL 5 000 and EUR 3 000

Deposit amount: LTL 5 000 + EUR 3 000 x 3,4528 = LTL 15 358,40
Insurance sum: LTL 15 358,40
Insurance indemnity: 10 358,40 x 100 percent + 5 000 x 90 percent = LTL 14 858,40