You can calculate the compensation using the scale. This scale specifies the days of compensation depending on the type of illness or accident and the coverage amount.
Sick Leave Insurance for Self-employed Workers and Professionals (ILT BBVA Allianz)
With the BBVA Allianz ILT Insurance, supplement your income as a self-employed worker or professional when you can't work
- If you can't work because you're sick, had an accident or are hospitalized, you will receive a payment that will help you cover your expenses.
- You will have a pre-established compensation scale so you can know at all times what you will receive.
- You can deduct up to €500 of this insurance on your taxes. That means you can recover up to €150 of your Sick Leave Insurance for Self-Employed Workers.
If you are a company, you can take out this insurance for your employees. A specialized BBVA adviser will help you during the process.
BBVA Allianz sick leave insurance will help you in the following situations:
-
Work accident
Every day, 98 self-employed workers like you have to take time off due to a work accident.
-
Illness
If you can't work due to illness, you can supplement what you get from Social Security.
-
Hospitalization
Get a guaranteed payment for every day you are hospitalized due to an accident or illness.
-
Absolute permanent disability
Compensation for permanent disability or death in the event of an accident. -
Death
Heart attack is one of the most common causes of work-related deaths.
Much more than a temporary disability insurance policy
It also doubles as an accident insurance policy, since you're covered in the event of death or total permanent disability.
It also supplements what you get from Social Security.
- If you pay the minimum base, €300 a month; you will get from Social Security: €567.
- And you have to keep making your Social Security payments, so the net amount would be €267.
- With BBVA Allianz Autónomos Sick Leave (ILT) Insurance, for the example above, you would add the payment received from the insurance, giving you €1,500.
You will know in advance how much you will receive.
We will give you a scale specifying the days of compensation for the type of illness or accident and the coverage amount.
Making it easier to cover your expenses as soon as possible
You just need the medical report and sick leave certificate in order to start receiving your payments.
You won't have to confirm your status periodically.
Types of Sick Leave Insurance and coverages
-
The insurance offers 3 purchasing options: Essential, Extended and Complete.
These are closed coverage options that allow the customer to choose the payouts according to their needs.
|
Guarantees
|
Essential | Extended | Complete |
|---|---|---|---|
| Guarantees
Temporary disability due to accident or illness Payouts available: €30 / €45 / €60 / €75 / €90 / €105 / €120 |
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Hospitalization* due to accident or illness Same insured amount selected for temporary disability due to accident or illness |
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Accidental death Payouts available: €30,000 / €45,000 / €60,000 / €75,000 / €90,000 |
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Death due to heart attack declared a work-related accident 50% Insured amount selected for Accidental Death |
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Full Permanent Disability due to accident Same insured amount selected for Accidental Death |
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
At-home care
|
Essential
Yes
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Extension of covered contingencies: death in the family, closure of premises by order of the authorities, official summons, etc. Same insured amount selected for Disability due to accident or illness |
Essential
-
|
Extended
Yes
|
Complete
Yes
|
| Guarantees
Extension of the coverage period for the "Temporary Disability" scale up to 30 days Same insured amount selected for Temporary disability due to accident or illness |
Essential
-
|
Extended
-
|
Complete
Yes
|
* Compensation payout in addition to the compensation payout for the "Temporary Disability due to accident or illness."
Tax advantages of taking out sick leave insurance
-
Remember that you can deduct up to €500 of your insurance on your personal income tax return
In addition to all the advantages offered by the ITL insurance, self-employed workers may also be eligible for tax advantages*:
- Up to €500 may be deducted from the health insurance premiums when the self-employed worker pays taxes under a direct estimate scheme, except in Álava, Vizcaya and Guipúzcoa.
- Compensation for Temporary Disability will be classified as a capital gain in Personal Income Tax.
- Compensation for Absolute Permanent Disability will be subject to Personal Income Tax and will be considered as capital gains.
- Compensation for the death of the insured person, in general is subject to Inheritance Tax.
What do we ask of you?
-
REQUIREMENTS FOR TAKING OUT ILT INSURANCE
- Natural persons (ID number, Foreigner ID no.).
- Registered in the Social Security's Special Scheme for Self-Employed Workers (or similar), or being a licensed professional.
- With an age of between 18 and 64 actuarial years (up to 64 years + 6 months).
Save with the EstarSeguro Plan
-
Bundle all your BBVA policies, pay the premiums monthly and save up to 15% on your bills.
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Apply for BBVA Sick Leave Insurance
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