What are the requirements?

Be self-employed or have an SME. Having an account at BBVA. This is where we will charge your premium and pay your compensation, if applicable. This insurance policy is for individuals, although the policyholder can be either a natural or legal person (a company) You will have to answer a simple medical questionnaire. You may need to have a medical interview over the phone or a medical exam. The insured must be between 18 and 59 years old.

How is the compensation for sick leave calculated in each case?

You can calculate the compensation using the scale. This scale specifies the days of compensation depending on the type of illness or accident and the coverage amount.

How long do I have to be in the hospital to receive the additional benefit?

If you need to be hospitalized to receive medical or surgical treatment, you must stay in the hospital for at least 96 hours (4 days) to receive the additional benefit.

How long does the contract last?

The duration of the Sick Leave Insurance contract (BBVA Allianz Sick Leave for Self-Employed Workers) is annual, even if the payment is deferred (monthly, quarterly, half-yearly). If you do not wish to renew it, you have to inform us one month before the policy end date.

What waiting periods does this insurance for self-employed workers have?

The insurance does not have a waiting period if you are forced to take leave due to an accident. However, a waiting period is applied to other coverages: 6 months in the event of hospitalization or sick leave. 12 months if off work due to a herniated disk, lower back pain, upper back pain or neck pain. 12 months in the event of a sick leave due to complications from childbirth.

What is the grace period?

This is the period of time after the policy is purchased and before the coverage goes into effect. During these days, you are not covered. For example: If you take out the insurance and one week later you are in an accident, you will be eligible for daily compensation while you are unable to work. If you take out the insurance and one week later you fall ill, you will not be eligible for compensation. Your policy will go into effect after a 6-month waiting period.

Can the waiting period be waived?

Yes, it's possible. If you have a policy with similar coverage at BBVA Seguros or another company, the waiting period can be waived. To do this, you will have to submit the necessary documentation and cancel your other policy in writing one month in advance.

Who is the insurance company?

BBVA ALLIANZ SEGUROS Y REASEGUROS S.A., with registered address in Calle Ramírez de Arellano, 35, 28043 Madrid, and listed in the Directorate-General for Insurance and Pension Funds under reference C-0807.

Who is the intermediary?

BBVA MEDIACIÓN, OPERADOR DE BANCA-SEGUROS VINCULADO, S.A. listed in the Administrative Register of Insurance Brokers of the Directorate-General for Insurance and Pension Funds under code OV-0060. It has an approved public liability insurance policy.

Insurance product information document

By law, we have to provide you with a standard insurance product information document to help you understand the main features. Self-employed workers health: Open document

BBVA Allianz Autónomos Sick Leave (ILT) Insurance

In the event of an illness or accident, as specified in the policy.

Know in advance how much you will receive.
Additional benefit for hospitalization.
Coverage for full permanent disability or death.

Your health comes first

Receive daily compensation

If you are sick or in an accident, Sick Leave Insurance (BBVA Allianz Sick Leave for Self-Employed Workers) makes up for lost wages due to your inability to work. Every day, you receive a fixed amount on top of the Social Security benefit to help you cover any expenses.

Know how much you will receive

Together with your policy, we will give you a scale specifying the days of compensation for the type of illness and the coverage amount. That way, you can know in advance how much you are entitled to. Plus, you don't have to file medical reports or hospital discharge papers.

See example of compensation

More coverages at no additional cost

Hospitalization

If you are admitted to a hospital, you receive a daily amount based on the type of policy you have. This amount is added to your compensation for sick leave and to the Social Security benefit.

Full permanent disability or death

The Sick Leave Insurance (BBVA Allianz Sick Leave for Self-Employed Workers) also doubles as occupational accident insurance. In the event of full permanent disability or death due to this cause, it pays out the compensation specified.

You just need the medical leave form to start receiving your daily benefit.

Set up your sick leave insurance for self-employed workers

Which is the right type of policy for you?

BBVA's sick leave insurance for self-employed workers has three options: Essential, More and More Security. They all include the same coverages but with different amounts of compensation.

See options

Convenient payment options

The premium is calculated based on your age, profession and policy type. Your choice of payment deferral options: monthly, quarterly or half-yearly.

Tax relief for being self-employed

In addition to all the advantages offered by the insurance, self-employed workers may also be eligible for tax relief*:

Up to €500 may be deducted from the health insurance premiums when the self-employed worker pays taxes under a direct estimate scheme, except in Álava, Vizcaya and Guipúzcoa.

Compensation for Temporary Disability: it will be classified as a capital gain.

Compensation for Absolute Permanent Disability; as a general rule, it will be subject to Personal Income Tax and will be considered as capital gains.

Compensation for the death of the insured person: in general, it is subject to the General Inheritance Tax.

*See Legal Terms and Conditions