What is the difference between an insurance policy and an insurance certificate?
An insurance policy and an insurance certificate are not the same, although they serve a similar purpose.
The insurance policy is a document that includes the contract signed between the insurance company and the policyholder. In this document where the rights and obligations of both in relation to the insurance and its characteristics are established. That is, the insurance policy includes both the general conditions and the particular conditions that will govern the insurance contract.
For its part, the insurance certificate is the document that is delivered to the insured of a group insurance policy. In this type of policy, the policyholder is a legal person and the insured is a group of people who share a common relationship with the policyholder. It would be the case of a company and its workers. This insurance certificate is delivered to each insured so that they have a document that details the characteristics covered by the group insurance to which they belong and that certifies their belonging to that group of insured; and that you acknowledge that you have all the rights derived from that group insurance.
Therefore, the insurance policy is the document that is delivered to an individual insured and the insurance certificate is the document that is delivered in the case of group insurance.
Find the best life insurance, individual or group, at PuntoSeguro.com
At PuntoSeguro we not only process your life policy, but we also help you with any future process you may need. We also advise you when taking out your policies, both individual and collective, and we inform you of the best rates to renew your insurance with the necessary advance notice.
In addition, in our life insurance comparator you can compare the prices and conditions of the best life policies on the market, including life insurance with coverage in the event of absolute permanent disability. And just by taking out a life policy at PuntoSeguro you will participate in the #RetoPuntoSeguro, an exclusive challenge that we propose to company employees so that they are rewarded when they exercise.
Through the PuntoSeguro Fit App , the physical activity of each user is rewarded through challenges, both individual and collective. In addition to keeping track of your daily physical activity and contributing to social causes (collaborating in overcoming the collective challenge), you can get a discount of up to €120 on each renewal of your insurance, as you overcome the individual challenge month after month .
If you need more information to take out insurance or need any additional clarification, do not hesitate to contact us.