The Banco del Bienestar is in charge of facilitating the saving among the Mexican population —mainly in localities of the country with high marginalization. In addition, it also provides access to different financing on the first and second floor for natural and legal persons.
“With the Wellness Bank public interest accounts arise, to generate true financial inclusion, fight poverty and help trigger regional economic development”, affirms the general director of the institution. In this sense, some of its services are:
- Payment of services such as electricity, water, vehicle ownership and predial
- Those enrolled in the ‘Wellness Programs’, receive their resource through the bank payment. In this sense, the beneficiaries of said programs can open an account to withdraw their incentives in the ATMs
- credit payment phonacot no commission charge
- Courses, workshops, educational platforms and social networks to promote financial education
- The option to process a microsecond of life
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This last point refers to a risk transfer mechanism through a contract or policy, in which a company assumes the risk in favor of the insured and covers unforeseen expenses due to illness, surgery, accident or death.
What is Well-being Microinsurance and how is it processed?
In order to be a beneficiary of the microsecond of individual life of the Banco del Bienestar, which covers natural death, illness or accident, you must meet a certain profile:
- Be between 18 and 64 years of age
- Have an original and a copy of an official identification
- Fill out the Individual Life Insurance pre-application
This procedure is carried out in the branches of Banco del Bienestar. If the characteristics are met, the process begins in the establishment. Right there, you will be asked for other documents to proceed. Some of the characteristics of this Microinsurance are:
- It can be hired by anyone (it doesn’t matter the occupation)
- There is no medical examination prior to the acceptance of the contract
- No charges or commissions
- The insured will designate the person who will be able to collect the insured sum, in case of death
- The duration of the Microinsurance contract and the payment of the policy are ANNUAL
- The amount of the “Premium” is settled in a single installment and once a year for which the insurance was contracted (in order to keep your insurance current, it is very important that you pay attention to the expiration date for its annual renewal).
- Contracting is immediate, as is the coverage, since from the contracting of the insurance, at the moment the insurer accepts the offer and the policy is issued, you will be covered against the risks
- This Microinsurance does not offer the payment of interest or the return of the cost of the annual premium that you pay for your policy in the event that the holder is still alive
Once the complete documentation is available, the beneficiaries will receive the amount corresponding to the contracted insured sum within the following five business days, after having entered the file with the complete documentation and meeting the requirements.
To review the amount of the policy according to the annual premium and sum insured, as well as the characteristics of the renewal and additional information about this Microinsurance, it is necessary to enter the official portal of the Government of Mexico or click on this link.
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