In a life insurance what tax will have to be paid in the event of the death of the insured person?
- If the beneficiary is an individual, the payment will be subject to Inheritance and Gift Tax (if there are several beneficiaries, each will pay tax on the part that corresponds to them).
- If the beneficiary is a legal entity the payment will be subject to corporation tax.
What is the exclusion period of a life insurance?
We do not apply an exclusion period to life insurance, the coverage is effective from the moment you contract the insurance.
1. Insurance brokered by BANKIA MEDIACIÓN Operador de Banca-Seguros Vinculado, S.A.U. (NIF A-40148884) and registered office at Pº Castellana 189, 28046 Madrid. Registered in the special administrative registry of insurance brokers of the Directorate-General for Insurance and Pension Funds with the code OV-0034. Insurance agency contracts signed with Mapfre España, Mapfre Global Risks and Bankia Mapfre Vida. Financial liability insurance and financial capacity covered according to current legislation.
2. Valid promotion until end of stock (150,000 units), for clients that they contract insurance of Life, Accidents, Household, Health and Order Deceases marketed by Bankia, consisting of the delivery of a promotional code exchangeable because of an Experience on the website www.tusegurotienepremio.es. The gift is subject to tax payment, in accordance with the taxation in force and it will be assumed by the client in the corresponding PERSONAL INCOME TAX statement. Notarial bases (PDF, 190 kB).