Glossary

Body injury resulting from a violent, sudden, external and involuntary act of the insured person.

It has been you useful this answer?

Your Rating
Average (0 Votes)

In the event of two or more insurance companies, with a previous agreement between themselves and the policyholder, coinciding in the cover of the same interest, risk and time. Unless agreed otherwise, each insurer is obliged to pay for the cover and benefit in proportion to their respective quotas.

It has been you useful this answer?

Your Rating
Average (0 Votes)

These are additional covers to the principal life insurance the insurer offers the policyholder or the insured person.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Damage directly derived from personal or material damage covered by the policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Acquisition of legal validity of the contract with the consent of the parties.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A body made up from representatives of the promoter, the participants and beneficiaries, if there are any, who supervise the workings and execution of the pension plan.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Period of time that elapses between the initial and ending dates of the cover.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The time period between setting up the contract and the start of the payment period.

It has been you useful this answer?

Your Rating
Average (1 Vote)

Management and control body of insurance and pension plans depending on the Ministry of the Economy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A discount applied to the premium of the insurance operations.

It has been you useful this answer?

Your Rating
Average (0 Votes)

That is the date on which the contract terminates, having finished the term agreed to in the contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A copy of the policy or other document issued by the insurer in the case of loss or destruction of the original document, which has the same value as the original.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The moment from which the cover in the policy takes effect, within the conditions set out in the contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a pension plan whose promoter is any company, corporation or entity whose participants are its employees.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is the date on which the contract is terminated due to the end of the period agreed in the contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A set of clauses that include the basic conditions of the contractual relationship applicable to the contracts of the same model.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a model of insurance in which one contract covers a group of people with a certain characteristic in common, which was not created for the purpose of the insurance.

It has been you useful this answer?

Your Rating
Average (2 Votes)

This is a pension plan whose promoter is any association or syndicate whose participants are its members or affiliates.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is an individual or group pension plan in which a financial entity offers an individual guarantee to the participants, which refers to them receiving a certain amount of the constituted right on a fixed date.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A list of questions set by the insurer about the health of the insured person in order to evaluate the risk.

It has been you useful this answer?

Your Rating
Average (0 Votes)

An individual or legal person who succeeds to the assets, obligations, rights and actions of the deceased, either wholly or in part.

It has been you useful this answer?

Your Rating
Average (1 Vote)

Increase in capital insured or contracted guarantees with respect to what was foreseen and agreed to beforehand by the policyholder.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Economic compensation by the insurer whose aim is to compensate the insured person for damage covered by the policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a pension plan whose promoter is a financial entity and whose participants are all individuals.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a contract in which the insurer is obliged, through the payment of premiums by the insured person, to specifically cover a risk and should this risk take place, to indemnify, within the limits agreed to, the damage caused to the insured person or to satisfy a capital, an income or other agreed benefits.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The capital or income paid by the insurer to the beneficiary under the conditions foreseen in the contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Legal entity that assumes the payment of the agreed benefits within the agreed conditions if the risk event that is the subject of the cover occurs.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a legally established public rights organism. This consortium meets the economic consequences of damage to people and things caused by claims stemming from extraordinary risks and other mandatory risks not covered by other entities, which are determined in its Legal Statutes.

It has been you useful this answer?

Your Rating
Average (0 Votes)

It is the document that contains the insurance conditions. It is inseparably made up of the general, private and, as the case may be, special conditions and/or subscription forms as well as the supplements that modify or complement the above.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The fixed amount agreed to in each of the covers of the policy subscribed to that set the maximum limit of indemnity to be paid out for all the concepts in the case of a claim.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This model of insurance obliges the insurer, through the collection of a stipulated premium and within legal limits and those set out in the contract, to give the insured person a capital, an income or other agreed benefits in the case of death or the survival of the insured person, or both events together.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a limited company which, with prior administrative authorisation, has as its sole corporate purpose and activity the administration of pension funds. Insurance companies can be management companies without the need for the corporate purpose and activity to be exclusive.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Destruction or deterioration of furniture or buildings.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a statistic report used by insurance companies to calculate the probability of death or survival of a person at a determined age.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is the element exposed to risk that is covered by the policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

All the duties an insured person must comply with with respect to a specific insurance contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

All the duties an insurer must comply with with respect to a specific insurance contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

All the duties a policyholder must comply with with respect to a specific insurance contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

An individual in whose interest a pension plan is created whether or not he/she makes contributions.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The moment the insured capital is paid out or during which time the benefits are provided.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The assets, not having a legal personality, that are created with the exclusive aim of satisfying pension plans.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Legal entity that creates and participates in the establishment of a pension fund.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a contract by which a right is given to the person, in whose name the contract is drawn up, to receive income or capital on retirement, survival, permanent disability and death as well as the obligation to contribute towards it.

It has been you useful this answer?

Your Rating
Average (0 Votes)

An individual who is eligible to receive the benefit, whether he/she was a participant.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Natural person entitled to receive the benefit, whether or not he or she was a participant.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The economic right of the beneficiaries of the pension plan resulting from the event of a contingency covered by the plan.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Document signed by the participant together with the plan promoter, the manager and the depository, formalising the pension plan agreement.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Any company, entity, corporation, association or syndicate that promotes the creation or participation in the development of pension plans.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The irreversible physical situation of a person that cannot be traced back to his own doing. This completely and permanently prevents him/her from developing any work or professional activity.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The irreversible physical situation of a person arising from an accident that completely and permanently prevents him/her from developing any work or professional activity.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Injury or death caused to people.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a welfare and savings insurance with cover and benefits, limits on contributions and a fiscal treatment equal to pension plans, whose regimen is covered in the Law on Personal Income Tax.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A document that contains the conditions of the insurance. It is composed of inseparable parts; the general conditions and the private conditions and, in some cases, the special conditions or subscription forms, as well as the supplements that modify or complement the above.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is an individual or legal person who, together with the insurer, subscribes to the contract.

It has been you useful this answer?

Your Rating
Average (1 Vote)

Document in which a modification of the policy is expressed. This document becomes part of the policy itself.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The price of the insurance.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A set of clauses that include the data and private agreements of each contract.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Room of the house dedicated to the professional activity of the insured person or one of the persons living with him/her.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Period of time during which all or some of the policy cover is not effective.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The modification of the contract by which the policyholder is exempt from the payment of the premiums, or stops paying them altogether, with the resulting reduction in the amount of the insured benefits.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a model of insurance that calculates the indemnity according to the replacement cost of the damaged goods, without applying any discount for age and/or use.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Return or refund, either complete or partial, of the premium received by the insurer.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is an agreement whereby, through the payment of a premium, should an insured person who receives an income die during the period of payment, another person previously included in the contract, has the right to receive the complete or partial payment, conditioned to his/her survival, in the terms and conditions set out in the policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is the degree of disability whereby, as a result of anatomic or functional loss, the assistance of another person is required to carry out elemental acts of life such as dressing oneself, moving around, eating and the like.

It has been you useful this answer?

Your Rating
Average (0 Votes)

A set of clauses that include those points that apply especially to a certain contract model without affecting the rest. The same set of clauses may complement, extend or repeal clauses contained in the general conditions of the policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Period of time the policy is valid.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The geographical territory in which the insurance guarantees are in force and which are described in the insurance policy.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The individual stipulated in the insurance policy or who is the owner of the insured assets.

It has been you useful this answer?

Your Rating
Average (0 Votes)

All insurance claims subscribed to by policyholders, insurers, beneficiaries, affected third parties and rightful owners against the insurance company of the policy will be bound by the decision of entities or independent experts of acknowledged prestige.

It has been you useful this answer?

Your Rating
Average (0 Votes)

The legal entity that undertakes the payment of the benefits within the agreed conditions should the event covering the risk take place.

It has been you useful this answer?

Your Rating
Average (0 Votes)

All individual pension plan claims subscribed to by participants and beneficiaries or rightful owners against the managing promoters or their depositories will be bound by the decision of entities or independent experts of acknowledged prestige.

It has been you useful this answer?

Your Rating
Average (0 Votes)

Transfer of the consolidated or economic rights of a pension or welfare plan to another pension or welfare plan.

It has been you useful this answer?

Your Rating
Average (0 Votes)

This is a model of life insurance in which the policyholder assumes the risk of the investment.

It has been you useful this answer?

Your Rating
Average (1 Vote)

Do you have any questions that are not here?