The captioned insurance program offered through PREVIDIR is a comprehensive life insurance program as it allows the insured to receive financial support for medical and healthcare costs, even when severe disability / infermity is succumbed by the insured. This type of product offers a serene future for the family members / beneficiaries in the event of primordial death of the insured.

This program guarantees the payment of the amount insured as indicated in the policy:

  • directly to the insured in the event of a total permanent disability case (injury or illness)
  • beneficiaries, or legitimate heirs indicated in the last will and testament of the insured, in the event the insured passes away

The terms and conditions of this product has been defined as per the CCNL Collective National Labor Agreement for Industrial Executives with regards to amounts insured and contractual obligations (article 12 CCNL of the Industrial Executive Labor Contract obligations as indicated in the 2019 contractual renewal negotiations). For this category of insureds, PREVIDIR has offered an option whereby the amounts insured may be increased as a “free cover“ (without any medical documentation required from € 300.000 to € 400.000) .

Such a program provides the following options :

  • for amounts insured up to € 300.000 (exclusive only to Executives) this limit may be raised to € 400.000 without medical records
  • for other insureds, for amounts insured from € 300.000 to € 350.000 the anamnestic Medical questionnaire is required
  • for amounts exceeding € 350.000 up to € 750.000, the following medical documentation is required: physician’s medical examination, HbA1c, CRP, uric acid, cholesterol, HDL, triglycerides, AST, ALT, gamma –GT, creatine, complete blood work, HIV, and Cotinine (non smoking test)
  • for amounts exceeding € 750.000 up to € 1.000.000, in addition to the above medical information, the following information must also be suppplied: hepatitis, (HBeAG and Anti Hcv), ECG (if the insured is over 50 years of age), financial questionnaire

  • Beneficiaries

The program is modulated to adhere to the specific needs of the following categories of insureds:

PREVIDIR, in accordance with the requirements indicated in article 12 of the CCNL Collective National Labor Contract for Industrial Executives( to include the contractual modifications indicated therein ), provides coverage for both cases ; Death and also Total Permanent Disability, for an amount insured ranging from € 200.000 to € 300.000, with the possibility of increasing the amount insured up to € 400.000 without any medical records.

Strengths

  • possibility to increase the amount insured up to € 1.000.000
  • continued employment option in the event of Total Permanent Disability
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The Boards may be entitled to insurance coverage as ptrovided for by the CCNL of membership : CCNL of the framework of Graphic and Editorial Companies; minutes of renewal Agreement 21 July 2007 of the foodies.

PREVIDIR fully meets their needs through this program which provides for Death and Total Permanent Disability, integrating them with an increased amount insured up to € 300.000 without any medical documentation.

Strenghts

  • no medical documentation is required for amounts insured up to € 300.000
  • option to increase the amount i nsured up to € 1.000.000

The average pension provided by the public state fund is not sufficient to compensate the insured or his family for severe and unforseen events (death or total permanent disability). This product offered by PREVIDIR is an ideal solution to “bridge the gap“ by offering competitive market conditions.

Strenghts

  • no health records required for amounts insured upo to € 300.000
  • option to increase amounts insured up to € 1.000.000

The average pension provided by the public state fund is not sufficient to compensate the insured or his family for severe and unforseen events (death or total permanant disability). This product offered by PREVIDIR is an ideal solution to “bridge the gap“ by offering competitive market conditions.

Strenghts

  • no health records required for amounts insured up to € 300.000
  • option to increase amounts insured up to € 1.000.000

and the following professionals:

For the above categories of insureds, the PREVIDIR program offers both the insured and the policy holder valuable benefits.

These categories of insureds can access these products at the same costs and conditions as per the insureds of the policy holders. Coverage can be offered for an amount insured up to EURO 300,000 for both Death and Total Permanent Disability insurance without any medical documemtation.

In addition to these additional extensions of insured categories, PREVIDIR has also included an option for KEY MAN insurance Key Man.

  • KEY MAN INSURANCE

The most important valuable assets of any employer are their human resources, whereby sometimes someone stands out , individually or collectively, regarding the roles and responmsabilities they occupy for their employer. These employees , and the job responsabilities they occupy at their job, are considered “KEY MAN“, and insurance for these individuals are entitled KEY MAN insurance. Given this most important role of these individuals, PREVIDIR has identified a specific insurance product for these Individuals, offering an option for an amount insured up to € 3.000.000.

In addition, for those individuals previously insured for an amount insured up to € 1.500.000 and are not older than 55 years of age, there is no underwriting required.

Such a program provides the following options:

  • for amounts insured up to € 300.000 no medical records required
  • for amounts insured exceeding € 300.000 up to € 350.000, a medical anamnestic questionnaire is required
  • for amounts insured exceeding € 350.000 and up to € 750.000 the following medical documentation is required: HbA1c, CRP, uric acid, cholesterol, triglycerides, AST, ALT, gamma – GT, creatine, complete blood tests, HIV, Cotinine (non smoking test)
  • for amounts insured in excess of € 750.000 up to € 3.000.000 in addition to the above this additional Medical information is required : hepatisis, (HBeAG and Anti Hcv), ECG (for insureds over 50 years of age) Financial questionnaire.

Strenghts

  • independent options for coverage: Life coverage (stand alone), Total Permanent Disability, or both coverages
  • amounts insured up to € 300.000 with no medical documentation
  • option to increase amounts insured up to € 3.000.000

  • Benefits of the Program

This model of coverage offered by PREVIDIR permits employers to take advantage of the following benefits:

  • collectively for non employees (executives, entrepreneurs, etc…)
  • facilitated underwriting requirements
  • ad hoc options for special professionals (i.e. Key Man)
  • coverage includes suicide
  • special conditions for Industrial Executives
  • reduced employer contributions; the employer is sub ject to pay only the 10 % solidarity contribution of the amount paid to PREVIDIR (article 6 F.D. lgs 02/09/1997 n 134)
  • the premiums paid to the insurer through PREVIDIR is paid with a tax deduction of 19% with an annual cap of EURO 530 (article 15, lit (f), for both employees and self employed workers.
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