What is a Standardized Basic Insurance?
These insurances support the most common risks so they are ideal for people who want to protect themselves at very affordable prices. And is that one of its qualities is that they have simple conditions and the way they operate is very practical, even when requesting compensation for the policy.
Its importance lies in the fact that very few Mexicans insure themselves, and that is that 54 million adults do not have insurance, according to the Financial Inclusion Survey, this is because 42% of the sample considers that the Price is not so affordable, and therefore, these standardized or basic locks fit into the pockets of any user.
What basic insurances exist in the market?
The interested user can find Health, Life, Auto, Dental, Civil Liability, or Accident policies.
Basic Auto Insurance
Most companies only cover Civil Liability in Goods and Persons, this means that they will only compensate for the damages that the driver causes to third parties. For example, it will indemnify the Medical Expenses of the people affected in the accident, but will not do so if the insured has been injured.
In the same way, it will solve the repair or compensation of the car of the affected driver but not of the owner of the policy. It should be noted that it will do so as long as the policyholder is responsible for the claim.
This basic coverage is the minimum required to circulate on the country's federal highways and roads. As in 15 states of the nation including Nuevo León, Jalisco, and Mexico City.
But the person interested in acquiring this standardized insurance should consider that the sum insured may be small. The legislation requires that the coverage for Material Damage to Third Parties be at least 50,000 pesos and for bodily injury and death $ 100,000.
Hence, you have to be aware of that amount will be enough to compensate for the damages caused to other individuals.
Companies that have Basic Auto Insurance
ANA Seguros, AIG, Alliances, Patrimonial, Assurant, AXA, BBVA, Chubb, Crabi, El Aguila, General de Seguros, GNP, HDI, La Latinoamericana, Mapfre, Primero Seguros, Atlas, Afirme, Quálitas, Banorte, Bancomer, Go by more, Tokio Marine, Zurich, among others.
Standardized Accident Insurance
It only covers the accidental death of the insured, in which the contracted insured amount would be offered to the beneficiaries. This coverage is ideal to leave financial support to loved ones in case of death due to an accident.
But this insurance does not cover if the holder dies from any illness, got involved in a fight, practiced extreme sports, or had an accident due to being under the influence of a drug or drinking alcohol.
Companies that have Basic Accident Insurance
AIG, Allianz, Insurer Interactions, Assurant Daños, AXA Seguros, Cardiff, Chubb, General de Seguros, GNP, HIR, HSBC, La Latinoamericana, Mapfre, Metlife, Pan-American México, Prevem, Thona Seguros, Zurich, among others.
The occasional company could operate if the insured perishes due to an illness.
Basic Medical Expenses Insurance
This policy protects against illness and hospitalization expenses; It is paid depending on the insured amount agreed in the contracted subject to the diagnosis or treatment that is required. Some companies cover in public and private institutions
Also, you can purchase an individual and family plan. The coverage that could be found are Hospitalization and Diseases.
In the first, financial support is granted for days of hospitalization in the medical center, and in the second, the insured is compensated if he is diagnosed with a disease and requires treatment.
But eye, dental, cosmetic, self-inflicted injury, and bone fractures will not be covered.
Companies that serve basic medical expenses insurance
AIG, Allianz, Insurer Interactions, Assurant Daños, AXA, Chubb, General de Salud, GNP, Mapfre, Banorte, BBVA, Zurich, Sura, Seguros Monterrey, New York, Inbursa, and more.
Basic Health Insurance
Its objective is to offer preventive and corrective medicine for the policyholder. That is, it does not cover serious diseases.
Companies that have basic health insurance
Axa Salud, BBVA, General de Salud, Medi Access, Plan Seguro y Servicios Integrales de Salud Nova.
Civil liability
Covers the damages that the insured may cause in the property and bodily harm of a third party.
Basic Life Insurance
The policyholder can choose the insured amount that he considers his family requires in case one day he dies and is the financial support of the home. Being basic coverage, the amount can go up to 300,000 pesos and can be renewed until the insured turns 99.
The only coverage that this insurance could have is death, which is what indemnifies the beneficiaries of the policyholder.
Insured with Basic Life Insurance
Allianz, Insurer Interactions, AXA, Cardiff, Deco, General de Seguros, GNP, HIR, Insignia, HSBC, Mapfre, La Latinoamericana, Metlife, Patrimonial Inbursa, Principal Seguros, Prudential, QBE, Afirme, Argos, Atlas, Azteca, Banamex, Banorte, BBVA, etc.
Basic dental insurance
It has preventive and corrective coverage. That is, it offers dental consultation, prophylaxis treatment, radiographs, application of simple and compound amalgams, resin, and extraction.
Insurers with Basic Dental Insurance
BBVA, Dentegra Dental Insurance, Odontored, Plan Seguro and Seguros Centauro.
Where to find standardized insurance?
In addition to the aforementioned products, other insurances such as those for Moto and Home have basic plans to attend to any user profile.
But regardless of the policy purchased, it is recommended that the first option found is not contracted, but is quoted in at least three insurers.
Online quotes are a practical tool to find the coverage of various insurance companies on the same page.
Likewise, the Commission for the Defense of Users of Financial Services (Condusef) has several insurance simulators, a Bureau of Financial Institutions to evaluate its service in customer service, and a special platform for this type of products called Rate Records Basic Insurance (RESBA)
RESBA, tool to know the characteristics of Basic Insurance
By going to this portal you can find out the products offered by financial institutions, their contact telephone number, and their characteristics.
It also guarantees the registered rates and the general conditions in which the user will know the limitations and scope of their insurance.
Condusef advises that the price of the premium, deductibles, coinsurance, among other aspects of the policy, also be considered.
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