Coverage
Life insurance for personal loans
Ensure the payment of your loan
In case of death or disability
In case of death or disability

Life insurance for personal loans
Ensure the payment of your loan
In case of death or disability
In case of death or disability


All the benefits
What’s included?
Guaranteed stability
Insurance that protects all applicants and their guarantors in the financing process.
Guaranteed stability
Insurance that protects all applicants and their guarantors in the financing process.
Coverage
Insurance that protects you…
The insurance ensures payment of the loan in the event of total and permanent disability resulting from an accident involving the insured person.
Here are the main aspects of this coverage:
- The insured person is considered totally and permanently disabled due to an accident if they are completely and permanently unable to work, as clinically proven;
- There is no expectation of improvement in their health status according to current medical knowledge;
- The degree of disability, based on the National Table for the Assessment of Permanent Disabilities in Civil Law, must be greater than 66.6%. In this case, for coverage purposes, it is treated as equivalent to 100%;
- Disability coverage ends at 65 years of actuarial age¹, while the insurance remains in effect for death coverage until the end of the term (maximum age of 75).
The insurance guarantees loan payment if the insured person becomes dependent.
Here are the main aspects of this coverage:
- The insured person has permanently lost the ability to engage in any paid work;
- At the same time, the insured person has lost the autonomy to perform essential daily activities, requiring assistance from another person. These activities include domestic tasks, transportation, and personal hygiene;
- Dependency coverage ends at age 65, while death coverage continues until the end of the term (maximum age of 75).
The insurer will pay the insured amount to Millennium bcp, the irrevocable beneficiary of the policy.
- Death coverage ends at 75 years old.
The insurance has restrictions for travel abroad, which takes place outside the European Union, with the exception of the following countries: United Kingdom, Switzerland, Norway, USA, Canada, Australia, New Zealand and Japan.
Costs
Here’s how it works
If you choose to finance the insurance, the amount will be included in the loan and paid when you take out the personal loan. The insurance lasts for the duration of the loan, and the premium is determined based on your actuarial age¹, the insurance term, and the amount insured.
If you choose not to finance the insurance, the amount will be charged separately from the loan. The policy is valid for one year and will automatically renew each year until the loan contract ends. Premiums can be paid monthly, quarterly, semi-annually, or annually, with the following installment charges applied:
Monthly
8%
8%
Quarterly
5%
5%
Semi-annually
3%
3%
Annually
0%
0%
The insurance premium is updated annually on the contract renewal date (January 1st), based on the insured person's actuarial age¹, coverage, and outstanding insured capital as of December 31st of the previous year.
For the first premium payment or when an addendum is issued due to customer-initiated changes, a policy/addendum fee of €5 will be applied, plus any applicable legal charges (including the 2.5% INEM rate).
For the first premium payment or when an addendum is issued due to customer-initiated changes, a policy/addendum fee of €5 will be applied, plus any applicable legal charges (including the 2.5% INEM rate).
How to get it
It’s quick and easy
Calculate
Calculate
You can do it in the app or on the website.
You can do it in the app or on the website.
Choose the life insurance
Choose the life insurance
To protect your loan payments.
To protect your loan payments.
Choose how you want to finance
Choose how you want to finance
You can choose to finance or not finance. If you choose not to finance, the amount will be debited from your current account.
You can choose to finance or not finance. If you choose not to finance, the amount will be debited from your current account.
Confirm everything
Confirm everything
And that’s it!
And that’s it!
What do you need?
What do you need?
You must be between 18 and 70 years old
You must be between 18 and 70 years old
You must have a current account at Millennium
You must have a current account at Millennium
How to get it
It’s quick and easy
Calculate
Calculate
You can do it in the app or on the website.
You can do it in the app or on the website.
Choose the life insurance
Choose the life insurance
To protect your loan payments.
To protect your loan payments.
Choose how you want to finance
Choose how you want to finance
You can choose to finance or not finance. If you choose not to finance, the amount will be debited from your current account.
You can choose to finance or not finance. If you choose not to finance, the amount will be debited from your current account.
Confirm everything
Confirm everything
And that’s it!
And that’s it!
What do you need?
What do you need?
You must be between 18 and 70 years old
You must be between 18 and 70 years old
You must have a current account at Millennium
You must have a current account at Millennium
You can purchase this insurance instantly when applying for the loan in the app or on the website
You can purchase this insurance instantly when applying for the loan in the app or on the website
Legal documents and other information
¹Actuarial age is the age calculated based on the insured person's date of birth and a specific contractual date (e.g., contract start, contract renewal), rounded to the nearest whole number.
Example 1: date of birth = 04/25/1974; contract start date= 01/15/2017; actuarial age = 43 years.
Example 2: date of birth = 04/25/1974; contract start date= 10/26/2017; actuarial age = 44 years.
In life insurance policies in which disabled people with a degree of permanent disability equal to or greater than 60%, duly proven using a medical certificate of multipurpose disability, appear as the first beneficiaries, those with this disability may deduct life insurance premiums as follows: 25 % of the premium contracted in your name or the name of your disabled dependent, with a limit of 15% of IRS collection (art. 87 CIRS).
The insurance covers professional and extra-professional risks, except clearly dangerous activities, following the General and Special Conditions, which only apply if expressly accepted by security.
Advertising
The information presented here does not exempt you from consulting the legally required pre-contractual and contractual information.
Coverage
In the event of death
The insurer will pay the insured amount to Millennium bcp, the irrevocable beneficiary of the policy.
Death coverage ends at 75 years old.
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.
Coverage
In the event of death
The insurer will pay the insured amount to Millennium bcp, the irrevocable beneficiary of the policy.
Death coverage ends at 75 years old.
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.
Coverage
In the event of total and permanent disability resulting from an accident
The insurance ensures payment of the loan in the event of total and permanent disability resulting from an accident involving the insured person.
Here are the main aspects of this coverage:
Here are the main aspects of this coverage:
The insured person is considered totally and permanently disabled due to an accident if they are completely and permanently unable to work, as clinically proven;
There is no expectation of improvement in their health status according to current medical knowledge;
The degree of disability, based on the National Table for the Assessment of Permanent Disabilities in Civil Law, must be greater than 66.6%. In this case, for coverage purposes, it is treated as equivalent to 100%;
Disability coverage ends at 65 years of actuarial age¹, while the insurance remains in effect for death coverage until the end of the term (maximum age of 75).
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.
Coverage
In the event of total and permanent disability resulting from an accident
The insurance ensures payment of the loan in the event of total and permanent disability resulting from an accident involving the insured person.
Here are the main aspects of this coverage:
Here are the main aspects of this coverage:
The insured person is considered totally and permanently disabled due to an accident if they are completely and permanently unable to work, as clinically proven;
There is no expectation of improvement in their health status according to current medical knowledge;
The degree of disability, based on the National Table for the Assessment of Permanent Disabilities in Civil Law, must be greater than 66.6%. In this case, for coverage purposes, it is treated as equivalent to 100%;
Disability coverage ends at 65 years of actuarial age¹, while the insurance remains in effect for death coverage until the end of the term (maximum age of 75).
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.
Coverage
In the event of dependency
The insurance guarantees loan payment if the insured person becomes dependent.
Here are the main aspects of this coverage:
Here are the main aspects of this coverage:
The insured person has permanently lost the ability to engage in any paid work;
At the same time, the insured person has lost the autonomy to perform essential daily activities, requiring assistance from another person. These activities include domestic tasks, transportation, and personal hygiene;
Dependency coverage ends at age 65, while death coverage continues until the end of the term (maximum age of 75).
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.
Coverage
In the event of dependency
The insurance guarantees loan payment if the insured person becomes dependent.
Here are the main aspects of this coverage:
Here are the main aspects of this coverage:
The insured person has permanently lost the ability to engage in any paid work;
At the same time, the insured person has lost the autonomy to perform essential daily activities, requiring assistance from another person. These activities include domestic tasks, transportation, and personal hygiene;
Dependency coverage ends at age 65, while death coverage continues until the end of the term (maximum age of 75).
The insurance has travel restrictions outside the European Union, except for the following countries: the United Kingdom, Switzerland, Norway, the USA, Canada, Australia, New Zealand, and Japan.