The duration agreed and included in the contract. It is usually taken out on a yearly basis, whether a calendar year or not. However, its initial duration may be less than a year, and it can be taken out for several years.

The contract provides for renewals, usually on a yearly basis and made automatically, at the initial period's expiry date, except in cases where otherwise is notified by any of the parties.

Only the guarantees for temporary disability or hospitalisation due to an accident give rise to a daily compensation, although it is usually settled in a single payment or in monthly payments.

When taking out the policy, you can agree to update the capital and premiums by linking their revaluation to the CPI or a fixed percentage or agree that they remain unchanged.

Accident insurance can include the following cover:

1. 24 hours

2. Professional

3. Extra-professional

4. Driving

Depending on the degree of disability; therefore, you would need to undergo a new medical assessment of the risk.