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Corporate Life Protection Insurance

Your employees’ lives come first

With coverage for death, total and permanent disability, and critical illnesses, depending on the chosen option.
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A modern and professional visual composition, using a double exposure effect that overlays an office scene onto blurred urban elements, featuring four people
Life Protection
Benefits Options Coverage Payout and deductibles How to subscribe

Benefits

Why this insurance?

Two options, more protection Two flexible options to choose from, enhancing protection and social benefits for your employees.
Financial security Provides protection for employees and their families against unexpected events, ensuring financial stability through a guaranteed payout.
Extended protection Apart from death coverage, you can increase the protection with a payout in case of total and permanent disability caused by illness or accident.
Critical illness coverage (Entrepreneur Option) Under the Entrepreneur Option, protection can also include a payout in the event of a critical illness.
Safeguarding responsibilities (Entrepreneur Option) The Entrepreneur Option provides additional security for financial obligations when taking out a loan.
Tax benefits By subscribing to this product, the company can take advantage of specific tax benefits, depending on the selected option and the applicable legislation.
Fiscal advantages (Company Option) Premiums paid are considered costs or losses for the fiscal year, provided the requirements of Art. 43 of the CIRC are met.
Fiscal advantages (Entrepreneur Option) Premiums paid are considered fiscal expenses, provided the requirements of Art. 23 of the CIRC are met.
Two options, more protection Two flexible options to choose from, enhancing protection and social benefits for your employees.
Safeguarding responsibilities (Entrepreneur Option) The Entrepreneur Option provides additional security for financial obligations when taking out a loan.
Financial security Provides protection for employees and their families against unexpected events, ensuring financial stability through a guaranteed payout.
Tax benefits By subscribing to this product, the company can take advantage of specific tax benefits, depending on the selected option and the applicable legislation.
Extended protection Apart from death coverage, you can increase the protection with a payout in case of total and permanent disability caused by illness or accident.
Fiscal advantages (Company Option) Premiums paid are considered costs or losses for the fiscal year, provided the requirements of Art. 43 of the CIRC are met.
Critical illness coverage (Entrepreneur Option) Under the Entrepreneur Option, protection can also include a payout in the event of a critical illness.
Fiscal advantages (Entrepreneur Option) Premiums paid are considered fiscal expenses, provided the requirements of Art. 23 of the CIRC are met.

Options

Two options to choose from

Five people are at a table outside, where a young man is showing a sheet of graphs
Company Option For companies that ensure protection for employees and their families, strengthening social benefits.
Entrepreneur Option For companies that wish to grant specific benefits to key employees, entrepreneurs, partners, or management bodies.
Two ladies are clasping hands and smiling at each other in their workplace. One is sitting in a chair and the other is leaning against a desk
Five people are at a table outside, where a young man is showing a sheet of graphs
Company Option For companies that ensure protection for employees and their families, strengthening social benefits.
Two ladies are clasping hands and smiling at each other in their workplace. One is sitting in a chair and the other is leaning against a desk
Entrepreneur Option For companies that wish to grant specific benefits to key employees, entrepreneurs, partners, or management bodies.

Coverages

Premiums vary according to the coverage and the option chosen

Coverages

Coverages

Death

Coverages

Accidental death

Coverages

Death due to a traffic accident (requires subscription to Accidental Death coverage)

Coverages

Total and permanent disability

Coverages

Critical illnesses (applies only to the Entrepreneur Option) (1)

(1) The following are considered critical illnesses, among others: Coronary diseases (coronary insufficiency) requiring bypass surgery; Myocardial infarction; Stroke.

Subscription is subject to acceptance by Ocidental Vida.

The Critical Illness coverage has its own insured amount, which must be equal to or lower than the Death amount, with a minimum of €25,000 and a maximum of €240,000.

Payout and deductibles

What are the insured amounts?

Death coverage payout
Minimum of €10,000 and Maximum of €500,000
Four payout options: €10,000 / €15,000 / €20,000 / €25,000
Payout above €25,000 subject to acceptance by Ocidental Vida
What are the age limits?
Entry age – from 18 to 60 years
Maximum coverage age: Company Option – 65 years
Entrepreneur Option – up to 75 years (1)
Optional coverage for accidental death and death due to a traffic accident, when taken out simultaneously with the main coverage under the Company Option, cannot exceed a maximum capital of €1,000,000.

(1) Except for the Critical Illness / Total and Permanent Disability coverages - 65 years; Accidental Death and Accidental Death due to Traffic Accidents - 70 years.
Subscription is subject to acceptance by Ocidental Vida.

The Critical Illness coverage has its own insured amount, which must be equal to or lower than the Death coverage amount, with a minimum of €25,000 and a maximum of €240,000.
Death coverage payout
Minimum of €25,000 and Maximum of €500,000.
What are the age limits?
Entry age – from 18 to 60 years
Maximum coverage age: Company Option – 65 years
Entrepreneur Option – up to 75 years (1)
Optional coverage for accidental death and death due to a traffic accident, when taken out simultaneously with the main coverage under the Company Option, cannot exceed a maximum capital of €1,000,000.

(1) Except for the Critical Illness / Total and Permanent Disability coverages - 65 years; Accidental Death and Accidental Death due to Traffic Accidents - 70 years.
Subscription is subject to acceptance by Ocidental Vida.

The Critical Illness coverage has its own insured amount, which must be equal to or lower than the Death coverage amount, with a minimum of €25,000 and a maximum of €240,000.

To get a quote and subscribe to the Life Protection Insurance, talk to your Account Manager or visit one of our branches

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Legal documents and information

Insurance product information document

Download

General Conditions

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Exclusions are provided in the policy.
Advertising. This information does not replace the legally required pre-contractual and contractual information.
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Looking for a branch?
Find the nearest branch
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Need to call us?
Call 21 004 24 24 (call to national landline)
Call 21 004 24 24 (call to national landline)
View contacts