Previdir offers commercial companies an autonomous coverage, in full compliance with the provisions of Article 18 of the National Labor Contract , in addition to the obligation made available, , by the Antonio Pastore Fund.
In this case, the insurance premium rate of the Previdir program will remain unchanged if the Insured Company is already registered in PREVIDIR.
The management of the PREVIDIR claim will remain completely independent from the management of the same claim to be serviced by the Antonio Pastore Fund policy.
The PREVIDIR coverage will therefore operate from the “first dollar” and the Insurer will refrain from contesting any accumulation of amounts insured between the Previdir policy and those limits indicated in the Antonio Pastore Fund policy.
Under the PREVIDIR program the recognition of the degree of disability cannot be lower than that recognized by the Antonio Pastore Fund policy.
In the event that Previdir closes out the claim for payment before the Antonio Pastore Fund policy, and the latter recognizes a higher degree of disability to the insured than that recognized and liquidated by Previdir, the insurers of the PREVIDIR program shall integrate any amounts previously paid, and integrate the loss payment up to the level of that recognized by the Antonio Pastore Fund. This shall apply when the Antonio Pastore Fund policy the settles the claim within 90 days following the date in which Previdir’s closes the claim file.
Regarding those cases for Permanent Disability, where amounts insured exceed 6 times total gross annual payroll, a relative deductible of 10% will be applied. The maximum amount insured limit of € 2,500,000.00 per insured shall remain in force.