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Topics
Personal · Insurance · Credit Protection Insurance · Loan Protection Insurance Spain and Portugal

What's the difference between the Basic and full packages?

Commonalities

Both the Basic and full packages cover the following major risks (due to illness or accident):

  • Death: 100% of the outstanding loan is paid
  • Total permanent disability: 100% of the outstanding loan is paid
  • Hospitalisation: capped at 12 paid instalments, to a maximum of 1,500 euro per monthly instalment
  • Temporary total disability: capped at 12 paid instalments, to a maximum of 1,500 euro per monthly instalment

Differences

The full package provides protection against involuntary loss of employment, which pays out up to 12 loan instalments capped at 1,500 euro per instalment.