O que distingue as coberturas ITP/IDPAC de IAD no seguro de vida?

What distinguishes ITP/IDPAC coverage from IAD in life insurance?

In certain stages of our life, we may come across the need to take out a life insurance policy. This is the case with home loans, which require the subscription of an associated life insurance policy. But when it comes to coverage, the terms used can be complex. ITP? IDPAC? IAD? We will see what they mean and how they differ.

07 Nov 20234 min

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Do you need life insurance? Talk to the insurance brokers at Poupança no Minuto and take care of choosing the best insurance for you, for free and quickly. Or understand first how the coverage of this product works, then.   

First of all, what does ITP, IDPAC and IAD mean?

In general, a life insurance has the goal of protecting the insured from unforeseen situations, which may prevent them from paying their expenses. One of the coverages that is always included in this insurance, is the death of the insured.  

Along with this coverage, there are other options to consider, with the most common ones being Total and Permanent Disability (TPD) / Definite Disability for Compatible Profession or Activity (DDCP) and Absolute and Definitive Disability (ADD).

Both are similar, but they differ in aspects that may have an impact when activating the claim. Let's see which ones.

ITP - Total and Permanent Disability or IDPAC - Definitive Disability for Profession or Compatible Activity

Hiring a Total and Permanent Disability coverage means that you can activate the life insurance if the insured person becomes incapacitated at a rate equal to or greater than 60%, due to illness or accident. It can also be contracted at 55% and 65% according to each insurer's tables.  

This is when disability prevents you from earning income through work and paying your bills. Therefore, by activating the insurance, the insurer is responsible for paying the agreed insurance capital when signing the contract.

IAD - Absolute and Permanent Disability

Already hiring an Absolute and Definitive Disability coverage means being able to activate the life insurance, if the insured person becomes incapacitated equal to or greater than 80%, resulting from illness or accident.

This incapacity is equivalent to the "vegetative state", in which the insured person becomes dependent on third parties for the satisfaction of vital needs, such as eating, dressing, hygiene, among others.

In this case, when activating the claim, the insured is entitled to compensation from the insurer for a financially comfortable life.  

In other words, the ITP/IDPAC coverage is more comprehensive as it covers a smaller (and more common) disability, while the IAD coverage implies a more extreme disability.

This coverage is usually mandatory when contracting a life insurance associated with housing credit. This is so that banks can protect themselves and can receive back the loan amount in case these unforeseen events happen with the credit borrowers, by the insurance company.

What are the differences between the two coverages?  

The main aspect that differs between the two coverages is the degree of disability that each covers.

While the ITP / IDPAC coverage covers a disability equal to or greater than 60%, the IAD coverage encompasses a disability equal to or greater than 80%. And, as mentioned above, the IAD is mandatory in most cases when associated with the life insurance for housing credit.

Furthermore, the ITP/IDPAC coverage is usually more expensive than the IAD due to its more comprehensive protection.

However, keep in mind that if you are hiring a life insurance within the scope of the housing credit, the bank may reduce the amount it pays monthly if you choose IAD coverage

Knowing what coverage to choose when taking out a life insurance policy can be a challenge. Especially if it is associated with your home financing, as it is a loan that can last 40 years and, by then, unexpected events may arise.  

Therefore, it is essential to choose the right insurance options that are suitable for you, your family, and your respective context.  

In this sense, it is always important to request more than one proposal from different insurers and with various types. This is so that you can assess the needs and different costs, and, in the case of housing credit, which proposal has the least impact on the monthly credit installment as well.

To do this, you can (and should) always ask for help from a professional who can guide you, such as the insurance mediators from Poupança no Minuto. The service is free, and they ensure that you make the best insurance decision for yourself.

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