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Insurance Death Ocaso Spain

Ocaso Death Insurance was founded in 1920 and, after 100 years of service to the community, it continues to be one of the most prestigious insurance companies in Spain. This has been maintained thanks to the philosophy of its founder, which is based on maintaining its financial and economic independence. By 1988, Ocaso Death Insurance became the first Spanish insurer authorized to sell direct insurance in the United Kingdom. Its vision is stability, which has been based on business volume, solvency, and economic results. Its values are based on: peace of mind, commitment, and tradition. Its future is built on: customer satisfaction and efficiency. They offer their clients individualized and timely treatment in death insurance. Ocaso Death Insurance is among the best in Spain.

Ocaso Insurance Spain has a human team made up of more than 30,000 employees, agents, and collaborators to guarantee efficient service. Ocaso Insurance cares for its personnel and, in this regard, promotes development policies and professional training plans. This has allowed it to maintain stability in its relationships with its workers, with an average tenure of more than 17 years. Most of its employment contracts are permanent and indefinite. In addition, it has a client area to provide service wherever and whenever required.

Although its headquarters are in Madrid, Ocaso Insurance has expanded throughout the national territory, creating a complete network of more than 400 offices. It aims to maintain close proximity to its users and provide them with excellent service. In this regard, it has implemented an independent emergency service separate from other services. Through its website, it provides an online channel through which it responds to the concerns of its stakeholders.

The insurance offerings of Ocaso Spain are diversified. It has a wide portfolio composed of Ocaso Life, Ocaso Home, Ocaso Death Insurance, Ocaso Commercial Insurance, and much more.

Why Contract Ocaso Death Insurance?

Ocaso Death Insurance will provide peace of mind for your family, so they do not have to worry about unexpected expenses. Ocaso Insurance offers four types of death insurance policies: Comprehensive Family Assistance, Comprehensive Gold, Ocaso Gold Senior, and Single-Premium Assistance. These are flexible policies that, within their individual characteristics, adapt to the clients’ needs by offering a multitude of coverages.

Ocaso Funeral Insurance is more than a death policy because it covers funeral expenses and provides the assistance of a specialized agent who will help your family with all the necessary procedures. They provide outstanding service. In general, they guarantee assistance in death cases, national and international transfers, travel within Spain and abroad, legal advice and family lawyer support, complementary accident coverage, and home transportation.

Ocaso Single-Premium Death Insurance is ideal for the older members of the family. Therefore, if you are over 70 and have not yet contracted a burial insurance, now is the time. We offer you the option to have total peace of mind through a single payment, as Ocaso Death Insurance will handle all types of procedures, as well as transfers within Spain or anywhere in the world in the event of death. Ocaso Death Insurance has the support of its organizational group, which guarantees safety for its clients. This support from the group, along with the solidity of its structure, ensures timely and efficient service. Ocaso Insurance Spain also has high-tech web portals through which you can perform all types of procedures without leaving home.

Conditions to Contract Ocaso Death Insurance Spain

Ocaso Funeral Insurance is a product designed so that the family does not suffer economic inconveniences with the burial of a relative. Among the benefits of a Burial Insurance are the expenses related to the death of the insured, including funeral services such as the coffin, funeral home, transfer by hearse, and burial or cremation, among others. Therefore, if you have decided to contract Ocaso Death Insurance, we will indicate what you should take into consideration to contract the Ocaso Death Insurance policy. Its contracting is simple, as it does not require many conditions.

First of all, you must fill out a death insurance application and a health questionnaire provided by Ocaso Insurance Spain. This will contain basic information such as the name of the insured or insureds, their dates of birth, and their residence, among others. This is in order to determine which type of insurance best adapts to their conditions.

Similarly, you must take your age into consideration. This is because if you are between 18 and 70 years old, you can contract alternatives such as the Ocaso Level-Premium Death Insurance, or the Natural-Premium or Mixed-Premium Death Insurance.

Now, if on the other hand you are over 70 years old, you only have one alternative, which is the Level-Premium Insurance. However, death insurance providers such as Ocaso extend the age limit up to 79 years. Likewise, other death insurers extend it a little further, reaching a maximum of 84 years.

What Documentation Do I Need to Contract Ocaso Death Insurance?

Everything becomes complicated if you do not have the necessary means to cover the burial of a relative. In this situation, death insurance companies are a great solution, as they offer clients excellent products for every need. With just a phone call, it will be possible to organize the funeral of a loved one, providing the family with everything necessary for it. Without a doubt, this is important, because without this excellent resource, it would be difficult to face these expenses. Therefore, by contracting a death insurance policy, we obtain a wonderful investment, providing significant savings in both time and money.

Similarly, it is important to know that insurance companies require certain documents to be submitted when contracting a death insurance policy. In that case, the documentation required to contract Ocaso Death Insurance would be the following:

1. Not suffering from any serious illness before contracting. If there is any serious illness, insurers usually do not cover it due to the associated risk. Therefore, if you suffer from any serious illness, you will not be able to contract a death insurance policy.
2. Policyholder over 18 years old. As an indispensable requirement, the person who needs and manages all procedures to contract a death insurance policy must be of legal age. As for the rest of the members to be insured, there is no age restriction. In other words, the other members can be included in a death insurance policy regardless of age.
3. Full name. Providing both the first and last name of the person contracting the death insurance, as well as the rest of the members to be insured, is one of the most important requirements. This avoids complications and delays in the entire organizational process of a funeral.
4. Copy of DNI, NIE, or passport of the policyholder. All documents submitted to process a death insurance policy must be valid. Therefore, expired documents will be rejected.
5. Bank account in Spain.
6. Dates of birth of all insured persons. During the process of contracting a death insurance policy, it is possible to determine the age based on the date of birth. Therefore, the insurer uses this information to calculate the premium of the policy without any issues.
7. Address. Another essential requirement to calculate the value of the death insurance is knowing the province where the insured resides; therefore, it must be provided.
8. Complete the health questionnaire. To determine if the policyholder or any other member to be included in the death insurance policy suffers from any chronic or pre-existing disease, the health questionnaire must be completed.

What Factors Influence the Price of Ocaso Death Insurance?

Death insurance companies offer their clients good products according to their needs, with the firm purpose of having them in advance in case of a death. Now, to achieve this, you must take into consideration some factors that influence the price of the death insurance you want to contract. In this way, the insurer, by knowing these elements, evaluates the risks and calculates the premium of the insurance. This is a procedure that is carried out in the same way in all insurance companies, that is, it does not only apply to Ocaso. Therefore, the information we will provide below applies equally to all death insurance companies.

Next, we will tell you what those factors are that influence the price of Ocaso death insurance, so we will help you throughout the process free of charge and without obligation.

1. Coverages: The price of the death insurance policy varies according to the coverages you contract or if you purchase additional coverages. Therefore, when contracting extra coverages, you will have better benefits, but the policy will have a higher price.
2. Dates of birth: Age, just like in health insurance, influences the price of death insurance. The older the age, the greater the risk assumed by the insurance company. In addition, there is a type of death insurance according to your age. For example, for those over 65 years old, the Ocaso single-premium death insurance is usually contracted. This is a highly valuable product for elderly people.
3. Area of residence: The area of residence influences the price because a burial and its associated expenses do not cost the same in all locations. It is not the same to rent or buy a niche in Barcelona as in Madrid or another area. Therefore, depending on where you live, the price of death insurance may vary.
4. Repatriation: It depends on the country to which you want to be repatriated or how far it is, which can increase or decrease the price. Therefore, repatriation is a decisive factor when calculating the price of the policy.

How Can I Cancel Ocaso Death Insurance?

For various reasons and at any time, it is common for some people to find themselves needing to cancel their death insurance. Among these reasons are receiving an attractive offer from another insurer. Also, people may experience serious problems with the contracted insurer, receiving poor-quality service. Or even the person who contracted the insurance unexpectedly faces a precarious financial situation. Whatever the reason for canceling a contracted death insurance policy, there are many ways to do it. Therefore, there should be no complications, as it is a very simple procedure.

In these cases, the Ocaso death insurance contract is for 12 months, but this is not only applicable to Ocaso death insurance; all death insurance companies are the same because Spanish burial insurance law states that to cancel Ocaso death insurance, you must notify your company 1 month before the year of the contract expires. For example: if your Ocaso death insurance policy or that of another death insurance company ends on December 31, you must communicate your decision not to renew to the insurance company before November 30.

What is the Waiting Period for Ocaso Death Insurance?

The waiting period was created with the firm purpose of protecting the economic interests of the insurance company that offers death insurance. In this way, waiting periods are the lapses of time established from the day the death insurance policy is initiated until the day the insured has an endorsement or guarantee. Once this period of time ends, the contracted coverages that were restricted for that reason can be enjoyed.

Accordingly, the waiting period for Ocaso death insurance can be defined as the time period, measured in months from the date of registration or contracting of the Ocaso death insurance policy, during which (x) time must elapse before some of the contracted coverages of the insurance can begin to be used. If you fill out the form above, we will advise you on the best option according to your specific case and answer all your questions.

What exclusions does Ocaso death insurance have?

In order to face those moments of great pain when the death of a loved one occurs, one must, as much as possible, have peace of mind. Therefore, by contracting death insurance, complex and high-cost procedures involved in organizing a burial are avoided. Well, before you contract a death insurance policy, you should know that there are several elements that significantly influence it. Among them, one very important element is what are called exclusions.

Thus, the coverages of death insurance at Ocaso, as in other insurance companies, usually exclude: deaths caused by natural disasters, radioactive radiation, nuclear energy, acts of war, terrorist acts, or riots. Also excluded are those that do not give rise to any type of indemnity according to the insurance contract law and those corresponding to deaths that occur before the payment of the first installment or premium.

Can I contract Ocaso death insurance with a serious illness?

At the insurance company level, there are some factors that significantly influence the ability to contract a death insurance policy. One of the most important is serious illnesses, which include tuberculosis, leukemia, cancer, chronic kidney failure, and many others. Therefore, if you suffer from any of these, it will not be possible to contract a death insurance policy in Spain.

Due to the high risk, according to the law, Article 10 of Law 50/1980, of October 8, on death insurance contracts in Spain, the insurer will be exempt from paying any indemnity in case false information is provided in the medical questionnaire regarding the insured’s health status, thereby omitting any pre-existing serious illness.

However, in the case of a person who wants to be insured and has had a serious pathology, it will be possible to contract Ocaso death insurance only if the illness has been overcome without leaving serious sequelae. In such cases, the current condition must be verified beforehand. The insurer will require documentation to prove that no serious sequelae exist as a result of the past illness.

Insurance Death Ocaso Spain

Main Coverages of Insurance Death Ocaso Spain