Payment Protection Plus
Insure the payment of your bills in case of unemployment or other unexpected situations.
Unemployment or temporary disability
With the Payment Protection Plus insurance we help you pay your electricity and gas bills in difficult times, such as:
|COVER||Compensation||Insured age range|
|Unemployment (*)||€500 X2||Under 67 years of age||€500 after 30 consecutive days in this situation and an additional €500 after 210 consecutive days. Waiting period of 30 days.|
|Temporary incapacity (*)||€500 X2||Under 67 years of age||€500 after 30 consecutive days in this situation and an additional €500 after 210 consecutive days.|
|Hospitalisation for any reason (*)||€500||Under 99 years of age||After 3 consecutive days in this situation.|
|Absolute and Permanent Incapacity||€1,200||Under 67 years of age|
|Death due to illness||€1,200||Under 85 years of age|
|Death due to accident||€2,400||Under 99 years of age|
Conditions applicable to new contracts with a monthly premium of 1.95€.
(*) Unemployment, Temporary Incapacity and Hospitalisation coverages are mutually exclusive. The insured person will be covered by one or the other depending on their employment situation (see Conditions).
The amount of the compensation will be used by Iberdrola to create a credit in the electricity and/or natural gas supply contract associated with the insurance policy, so you will pay nothing for your bills related to the insured contract until the compensation balance has been used up.
If you are self-employed, we also have Payment Protection Insurance for Self-employed Workers for you