How to access funeral insurance from Banco de la Nación? These are the requirements and what is covered

The loss of a family member or another loved one is an experience that affects the emotional stability of a home and also generates a series of expenses to ensure a dignified burial. For this reason, Banco de la Nación offers its clients funeral insurance that contains a plan of less than S/5 to access this service and support families in difficult times.

In the following note from La República, we leave you a list of the requirements, plans and steps to request this insurance from the bank. Write down all the details!

What requirements must I meet to access burial insurance from Banco de la Nación?

The Burial Insurance from Banco de la Nación is designed to cover expenses related to funeral services and in this way, guarantee a dignified rest for the deceased, as well as financial support for their loved ones. To apply for this insurance, interested parties must meet these requirements:

• Be under 70 years old and be a client of Banco de la Nación.
• Applicants and holders must have a MultiRed Debit card.
• Once the first two requirements have been met, clients can request burial insurance in person at any bank agency.
• In the case of clients of the National bank who contract plan 1 (individual) of funeral insurance and those who are designated as insured in the policy, must be accredited and sign it.

Funeral insurance from Banco de la Nación: what risks does it cover?

According to the Banco de la Nación website, these are the amounts that are part of the funeral insurance coverage:

• Funeral: In the event of death, the beneficiaries will be compensated with an amount of S/3,000, depending on the policy or successors of the insured.
• Mourning: S/3,000, in the event of death and in addition to the funeral coverage, the beneficiaries will be compensated according to the policy or successors of the insured.
• Transfer: S/800, in the event that the death does not occur in the city of origin of the insured, the beneficiaries will be compensated according to the policy or successors of the member.
• Educational benefit: S/1,200 for each child (maximum 3).
• Accidental death: If the death occurs within 90 days of the accident occurring, an additional payment will be made to the insured’s beneficiaries.
• Sudden family helplessness: S/10,000 to the beneficiaries of the insured, according to the policy or successors of the affiliate.
• Assists: medical, psychological, pediatric and nutritional guidance via telephone. For these communications, you must call (01) 701-2579.

What plans does Banco de la Nación’s funeral insurance offer?

Banco de la Nación’s funeral insurance contains 2 plans and their rates are subject to variation so that policyholders can choose the best option:

• Plan 1 (individual): the premium payment is S/4.70 and parents, siblings, uncles, nephews, godchildren or any third party may be included. Remember that the premium payment is for each insured.
• Plan 2 (family): the premium payment is S/18.90 and covers the owner, spouse and up to 3 children under 18 years of age.

Steps to access burial insurance from Banco de la Nación

1. Go to the agency National bank closest to your home in Metropolitan Lima or in the provinces, according to the corresponding opening hours.
2. Present the documents to the attention staff of the Banco de la Nación and request affiliation for funeral insurance coverage.
3. Sign the contract to obtain the insurance and remember that if you contract plan 1, you and those who are designated as insured in the policy must be accredited and sign said document. If the person responsible for payment signs in the insured’s box or leaves it at the bank, the sale will be invalidated.
4. If you have any questions or complaints about the policy, please call (01) 615-5700.

Banco de la Nación: what conditions should you know about funeral insurance?

• The conditions of funeral insurance include a 60-day waiting period, except in cases of accidental death, with no deductible.
• An entry age limit of 69 years and 364 days is established, with permanence allowed up to 75 years and 364 days.
• To receive the compensation funeral for an accident, you have 180 days from the date of occurrence, without this being an expiration term and offering flexibility to the beneficiaries.

Banco de la Nación funeral insurance: what are the exclusions?

It is important that you consider these exclusions before purchasing burial insurance from Banco de la Nación:

• Accidents that occur when the insured is under the influence of alcohol or drugs or sleepwalking.
• Acts that violate current laws or regulations.
• Pre-existing diseases (hypertension, diabetes and asthma are not considered pre-existing).
• Congenital diseases or defects manifested at any stage of life.
• The practice or performance of any risky activity, profession or trade, as well as dangerous sports (does not apply to members of the Armed Forces and the National Police).