IPID - Insurance Product Information Document

Documents of Information on Insurance Products (DIPS) are informative documents that describe in detail the essential features and conditions of insurance in Spain, providing clear and understandable information for policyholders.

DIPS are crucial in Spain for policyholders to understand the coverages, exclusions, and conditions of their policy. They enable informed decision-making and contribute to transparency in the insurance industry in Spain.

In Spain, insurance legislation, such as the Insurance Contract Act, mandates the creation of DIPS. These documents meet specific requirements to ensure clarity and understanding of insurance conditions in Spain.

European legislation, especially the Insurance Distribution Directive (IDD), establishes the obligation in Spain to provide clear and precise information about insurances. DIPS are a key tool to meet these regulations in Spain.

Yes, both European and national legislation in Spain obliges all insurance companies to use DIPS for each product they offer. This ensures a uniform transparency standard in Spain and facilitates the comparison of different insurances.

Transparency in DIPS promotes customer confidence in Spain by ensuring a full understanding of insurance conditions. Additionally, it facilitates comparison between different products in Spain, empowering policyholders to make informed decisions.

DIPS should be easily accessible for policyholders in Spain, either in physical or digital format. Insurance companies typically provide them on their websites in Spain or upon direct request.

A DIPS includes detailed information on coverages, exclusions, costs, terms, and conditions of insurance in Spain. It is a clear and understandable summary that highlights the essential aspects of the product.

At C1 Broker, we believe in transparency and empowering policyholders in Spain. We dedicate a page to DIPS to emphasize our compliance with regulations, provide easy access to information, and strengthen the trust of our customers in Spain.

You can obtain more information about the DIPS of our products in Spain by visiting our dedicated page or by directly contacting our team. We are committed to providing maximum transparency in all our services in Spain.