What:
Nubank announces Nu Vidas Juntas, its newest product in the insurance market, in partnership with Chubb Seguros. The new insurance model allows customers to acquire their own policy and gift another Nu customer with a second policy. There is no need to prove a family bond between the two people.
Why:
To increase the life insurance culture in our country, multiplying the protection and care of our loved ones.
How:
- Nu Vidas Juntas can be contracted through the Nubank app in a 100% digital flow.
- With a competitive average annual cost, the simulation and confirmation of the service take less than a minute, directly in the app.
- The insurance policy price is not adjusted by age during the first five years.
- If the person who receives the second policy as a gift does not activate their individual policy, the contracting party receives a proportional refund.
- The customer who purchases the insurance is eligible for coverage in the event of death and funeral, as well as daily accident coverage (DIT). In other words, if the person experiences an accident that prevents them from returning to work, the insurer will provide a payment within a specified time frame to assist with everyday expenses. To activate the DIT, simply submit a medical certificate that proves temporary incapacity and explains the cause of the accident.
- When someone receives the insurance policy as a gift, they will have access to death and funeral coverage. They will begin managing the policy separately from the moment they accept it, according to the terms and conditions outlined in the contract. The use of the coverage will be possible as long as the original policyholder who purchased and gifted the insurance maintains the contract.