NorteHispana Seguros completes its life range with a new tailor-made insurance

"In addition to the standard coverage for death, the product includes optional guarantees that allow the advance payment of the insured capital in the event of absolute permanent disability and/or severe illness."

NorteHispana Seguros, a company of Grupo Catalana Occidente, has completed its life insurance range with the launch of a new product that allows greater customisation thanks to its flexibility when choosing benefits. Thus, the Temporary Life insurance supplements the standard death guarantee with other optional guarantees to cover various types of unforeseen events, in addition to a series of additional exclusive services.

The company allows you to extend your coverage to have greater financial support if the death occurs due to an accident, whether it is a traffic accident or for any other cause. In this regard, if the insured person takes out the corresponding optional guarantee, the beneficiaries will receive an additional capital. In addition, by means of this same option, if the death is simultaneous with the insured party and their spouse in the same traffic accident, with underage or disabled children in common, they will receive an extra amount.

The new product also offers the possibility of contracting coverage for absolute permanent disability (APD), which guarantees the advance payment of the insured capital if the customer is unable to perform any remunerated activity due to an irreversible physical or mental disorder.

Furthermore, the optional guarantees of APD due to an accident and APD due to a traffic accident offer greater compensation if the insured person suffers an accident of any type or a traffic accident, respectively. Similarly, Temporary life insurance offers the option of covering some of the most common serious illnesses, such as cancer, myocardial or cerebral infarction, kidney failure, Alzheimer's disease, major organ transplantation, or chronic coronary artery condition requiring bypass surgery. Through this guarantee, if the customer is diagnosed for the first time with any of these conditions, they can request an advance payment of 50% of the insured capital.

Furthermore, with the intention of offering the most comprehensive insurance, the insurer offers its customers a medical helpline service and the possibility of carrying out legal consultations.

Two ways of taking out the insurance

Another new feature of the new Temporary life insurance is your contracting options. Through the renewable temporary modality, the term of validity of the policy is one year, renewed annually. The customer decides whether the insured capital remains constant or grows, either by applying the CPI or a fixed percentage to choose between 1% and 10%.

The second available modality is called the planned Amortisation premium and is designed for cases in which the policy is taken out as a result of the loan or mortgage application. In this option, the insured capital decreases annually from the time of contracting, either through the straight-line amortisation system, which involves a constant decrease until the minimum insurable capital is reached, or through the French system, which applies an interest rate to be chosen by the customer in the reduction of the insured capital.

For NorteHispana Seguros' technical director, Joan Miquel Cervera, " our goal is to offer a fully customisable life insurance solution, offering the possibility of including the coverage requested by the customer to guarantee the financial support desired by them or their family in the face of any unforeseen events that may arise."