07Mar/18

Types Of People Insurance

People Insurance

Life Insurance

You can stipulate about your own life or that of a third party, both in the case of death, as in the case of survival or both together.Insurance cannot be contracted in the case of death for persons under 14 years of age or disabled.The person taking the coverage in an individual insurance contract of more than 6 months that has stipulated the lease on the life itself or that of a third party will have the unilateral power to terminate the agreement without indicating the reasons and without any penalty within of the term of 30 days following the date on which the insurance company delivers the policy or provisional coverage document (excepting this unilateral rescission power the insurance contracts in which the person taking the risk assumes the investment, and those in which the guaranteed profitability is a function of the investments assigned to them).

The taker must exercise the unilateral power to terminate the contract through reliable communication addressed to the insurance company.The person taking the insurance may designate a beneficiary or modify the designation previously made, without the consent of the insurance company (the name of the recipient may be made in the policy, in a subsequent written statement communicated to the insurance company or in a will).

Accident Insurance.

An accident is understood as the bodily injury that derives from a violent, sudden, external cause and outside the intentionality of the insured person, which produces temporary disability, permanent disability or death.

The person taking the insurance must notify the insurance company of any other accident insurance that refers to the same person.If the insured person intentionally causes the accident, the insurance company is released from compliance with its obligation.

Health care expenses will be borne by the insurance company; provided that their coverage has been expressly established in the policy and that such assistance has been made under the conditions set out in the contract (these conditions cannot exclude the necessary aid of an urgent).

The determination of the degree of disability resulting from the accident will be made after the presentation of the medical certificate of disability. The insurer shall notify the insured person in writing of the amount of compensation corresponding to it, by the degree of impairment derived from the medical certificate and the rates established in the policy. If the insured person does not accept the proposition of the insurer regarding the degree of disability, the parties will submit to the decision of medical experts.

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06Mar/18

Health Insurance And Health Insurance.

Health Insurance

When the insured risk is the disease, the insurer may be obliged, within the limits of the policy, in the event of loss, the payment of certain sums and the expenses of medical and pharmaceutical assistance

In these types of insurance, if it is about health insurance, a certain amount is paid, and health care expenses are reimbursed; and if it is health insurance, the insurer will provide the insured person with medical assistance with which the insured person will provide the service itself

In this type of insurance, the policy will establish the so-called grace period (term, counted from the insurance contract, in which a particular benefit cannot be requested or during which it will not be covered).

Death Insurance.

It covers the burial services, and the insurance company assumes the expenses and procedures caused when the insured person dies.

Orphan Insurance.

It covers the granting of a temporary pension in favor of children under the age of 18 in cases of death of the father or mother of those who lives sure of economically.

What Is Meant By Insurance Contract?

An insurance contract is understood as that in which the insurer undertakes to indemnify or perform other benefits, within limits agreed upon, to the insured person in exchange for an economic consideration (premium), in the event that the insured person the fact of the coverage will occur (fire, accident, theft, etc.) will happen.

As a general rule, the insurance party will be an insurance company, while the insured party will be a consumer and user.

The document in which the insurance contract is formalized is called a policy.

There are different types of insurance contracts: accident, travel, transport, home, theft, life, home, health; Well, to all the modalities, in the absence of the Law that is applicable to them, the provisions of Law 50/1980, of October 8, of insurance contract will apply, meaning the clauses of the agreement that are most beneficial to the insured person.

The General Conditions must be included by the insurance party in the insurance proposal if there is one and necessarily in the contract policy or in a corresponding document, which will be signed by the insured person and to which a copy of it will be delivered. The general and particular conditions will be written clearly and precisely.

In the contract, individual clauses limiting the rights of insured persons will be highlighted, which must be accepted explicitly in writing.

05Mar/18

The Insurance Contract Policy

Contract Policy

The insurance contract and its modifications or additions must be formalized in writing. The insurer is obliged to deliver the system to the person taking the insurance or, at least, the provisional coverage document. If by the insurance method, the policy issuance is not required, the insurance company will be obliged to deliver the report established in the provisions of the mentioned insurance modalities.

Insurance Application

The document before the formalization of the insurance contract through which a particular person requests information about individual insurance. This document is not binding, neither for the insurance company nor for the person who claims it.

Insurance Proposal.

The document also before the formalization of an insurance contract through which an insurance company offers insurance to a specific person for future formalization by both parties. Unlike the insurance application, the proposal will link to the insurance company for 15 days.

By agreement between the parties, the effects of the insurance can be rolled back to the time the application was submitted, or the proposal was made.The insurance policy will consist of: general conditions (clauses common to all systems of the same type of insurance), specific requirements (specific provisions for the protection in question) and limiting regulations (which will be highlighted in a unique way in the condition, must be accepted explicitly by the person taking the insurance).