Zurich Vida Complet — Individual Life Insurance in Spain
Technical parameters
Price and term
Price: depends on actuarial age, the sum insured, the guarantees chosen and your state of health. Minimum annual premium: €60 paid annually or half-yearly, €90 quarterly, €120 monthly
Term: annual, renewable; by default running to age 80
| What can be included | ||
| Guarantee | What it covers | How it is taken |
| Death | The core of the contract. The beneficiaries receive the sum insured | main |
| Death by accident | Additional capital on top of the main sum | optional |
| Death in a road accident | A further additional capital | optional |
| Absolute permanent incapacity (IPA) | The person cannot work in any occupation at all | optional |
| IPA by accident and in a road accident | Two separate add-ons to the base incapacity cover | optional |
| Serious illness | Myocardial infarction, cancer and transplant. Only in Vida Complet | optional |
| Advance payment on terminal illness | The capital is paid during life where life expectancy is under 12 months | main |
| Additional orphanhood capital | If both spouses die in the same road accident leaving shared children under 18 | optional |
| Probate service | Guidance for the beneficiaries through the paperwork | main |
| Up to what age you can take it out, and how long it runs | ||
| Guarantee | Take out by age | Cover ends at |
| Death | 70 | 80 |
| Absolute permanent incapacity (IPA) | 65 | 70 |
| Total permanent incapacity (IPT) | 60 | 70 |
| Serious illness | 50 | 60 |
The product terms come from Zurich’s individual life documentation, 2026 edition. Specific sums, the rate and the health requirements are settled at the point of taking out the policy and fixed in the particular conditions.
What this policy is
Zurich Vida Complet is individual life insurance. A contract under which the
insurer pays a sum to the people you name if something happens to you during the term. It is
not a savings product: there is no account and no return of premiums — there is protection
for a defined period.
Three roles exist in the contract and they need not be the same person. The
insured is the person protected. The policyholder takes it out and pays the
premium. The beneficiary receives the money. A business owner’s policy, for
instance, can be taken out and paid for by their company while the family is the
beneficiary.
Two kinds of incapacity that are constantly confused
IPA, absolute: the person cannot work in any occupation. The graver
situation.
IPT, total for their own trade: they cannot return to their own line of work but
could do another. Less grave, and considerably more frequent.
The difference matters when choosing. For a surgeon, a driver, a hairdresser or a
musician, losing their own profession is far likelier than being incapable of everything —
and for them IPT weighs more. In Vida Complet, instead of IPT you take serious
illness: myocardial infarction, cancer and transplant. The simplified variant of the
product is the other way round: it has IPT but no serious illness, with the capital capped
at €600,000.
Payment during life
One guarantee works not after death but before it. Where a terminal diagnosis
gives a life expectancy of under twelve months, the insured receives the capital themselves,
while alive — up to €480,000. Money for treatment, for care, for putting affairs in
order. Few people know it exists, and it changes what the whole contract is for.
Actuarial age — why the date you ask affects the price
The price is worked out not from the age on your ID but from your actuarial age.
The rule is simple: if more than six months and one day have passed since your
birthday, you are counted as a year older.
Example: your birthday is 1 January. Apply on 2 July and you are counted a year older and
the premium rises. Apply in May and you are taken at your current age.
The practical conclusion: if you are already thinking about cover and less than half a
year has passed since your birthday, taking it out before that date costs less for the same
protection. Tell us your date of birth and we will see at once whether haste pays.
How the term works
The policy is annually renewable. By default the end date is set at your 80th
birthday so the cover lasts as long as possible, but that does not tie you: you may decline
any renewal with one month’s notice.
If the sum insured needs changing
- Reducing it is possible with no requirements at all, by endorsement.
- Increasing it requires medical underwriting: a health declaration and, depending
on age and amount, tests as well.
Hence a practical tip: if you are hesitating between two sums and your health is good
now, the larger one makes more sense. You can always bring it down; bringing it up means
going through underwriting again, and by then your age will have moved too.
We will quote within a day
Send us your date of birth, your occupation and the sum you want insured — that is enough. The date of birth is not a formality: it determines your actuarial age, and with it the price.
Typical tasks that this policy solves
Agent's opinion Life insurance is sold through fear, which is why it is bought badly. I put it differently: this policy is for people whose income others depend on. If you are gone tomorrow and the mortgage, the rent and the school fees remain, this is the sum that closes that gap. If nobody depends on you financially, you can skip it — and I will say so.
Two practical points almost nobody asks about. First, payment during life on a terminal diagnosis: that is usually the thing that makes the contract worth having had. Second, actuarial age: if more than half a year has passed since your birthday, you pay as though you were a year older. Sometimes it is enough not to put it off by a month.
And third, from experience: take the sum with headroom. Reducing it later has no requirements; raising it means medical underwriting, and health rarely improves with time.