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SINGLE INSURANCE ACCOUNT
The perfect formula: add insurance policies, multiply your peace of mind.
We've come up with the perfect formula to group all your insurance premiums into a single payment and get a 10% discount.
The more insurance policies you group together, the more you save.
Groups
Pay in instalments
APR 0%1
Save
Calculate your discount now. It's fast and easy.
We reveal our formula to you: “play”
How does the Single Insurance Account work?
Learn everything you need to know about our perfect formula.
With the Single Insurance Account1 you can simultaneously keep everything under control by grouping the Bankinter insurance policies2 in your name into a single monthly payment. Plus, we'll give you a bonus.
Save with the Single Insurance Account
- Start saving when including 2 policies with a minimum annual premium of €120.
- The more policies you associate with the Single Insurance Account, the more you save.
This table provides details of the percentage savings you will obtain depending on the amount of insurance you include:
Percentage savings
0 %
2 %
3 %
4 %
5 %
6 %
7 %
8 %
9 %
10 %
Combine and pay your insurance instalments on a monthly basis
- Group together your insurance payments into a single monthly payment.
- You can also split the premiums of policies that you have already paid.
- No minimum duration.
- No cost.
Insurance that you can include in your Single Insurance Account
You can include the following associated products through Bankinter Banking Insurance Operator:
- Individual Risk Life Insurance.
- Home Insurance.
- Individual Health Insurance.
- Burial Insurance (periodic premium).
- Car Insurance.
Group your insurance premiums so you have the peace of mind of knowing that everything is under control.
Still have questions?
See FAQs FAQs
How does the Single Insurance Account work?
The Single Insurance Account allows you to group all the premiums for your insurance policies into a single direct debit and pay for them in 12 interest-free monthly instalments.
What are the characteristics of Bankinter's Single Insurance Account?
The Single Insurance Account is the perfect solution for achieving peace of mind and having everything under control, grouping your insurance payments into a monthly instalment, as well as obtaining important rebates as you add more insurance policies.
Is there any requirement or limit on arranging a Single Insurance Account?
The main requirements for arranging the Single Insurance Account are as follows:
- The holder must be a natural person aged over 18 and under 80.
- The contract holder must be the holder of the policies being included.
- A direct debit must have been set up in a Bankinter account for the policies included.
Can I split the premiums of policies that I have already paid to the insurance company?
Yes, you can split the premiums of policies that you have already paid provided they were charged to your account in the last 60 days. This applies to both new policies and renewals.
How and when will the rebates apply?
Provided you meet the conditions established to obtain the rebate, your monthly instalment will be reduced by the corresponding percentage discount.
Each monthly instalment will be charged to your account between the 1st and 5th of the month and will be included in the corresponding rebate.
Which types of insurance policy can I include in my Single Insurance Account?
The policies you can associate with your Single Account You are those arranged through Bankinter Banking Insurance Operator, for example:
- Life Insurance.
- Home Insurance.
- Individual Health Insurance.
- Burial Insurance with periodic premiums.
Is there any charge?
No. There is no charge for grouping together all your policies and it allows you to pay them on a monthly basis with no additional cost.
Can I include more than one similar insurance policy in the Single Insurance Account?
Yes. You can include all the policies you have arranged in a single product, provided you are named as the holder of the policies.
Can I include insurance that I have already taken out in the Single Insurance Account?
Yes. You can include the insurance you have previously taken out.
Where do I arrange a Single Insurance Account?
You can open your Single Insurance Account at your Bankinter branch or by logging in with your passwords to https://bancaonline.bankinter.com/seguros/secure/contratacion_cuenta_unica.xhtml.
Can I cancel the Single Insurance Account when I want? Does any penalty apply?
There is no minimum duration, you can cancel the service whenever you like with no cost.
You can also exclude the policies you consider necessary at any time and without penalty.
What changes can I make to the Single Insurance Account?
You can make the following changes at any time:
- Include new policies.
- Amend the debit account corresponding to the payment of monthly instalments.
- Remove any policy.
Can Single Insurance Accounts have more than one holder?
No. The Single Insurance Account can only be held by one person, who, in turn, can only be the holder of one Single Insurance Account.
What happens if I do not pay the monthly instalment for my Monthly Insurance Account?
On the last business day of the month, we will debit your account for the monthly instalment corresponding to the combined value of your policies. If at the time of the debit, you do not have sufficient balance in your account to pay the instalment, it will remain unpaid. During the following 15 days, we will try to charge the monthly instalment to your account again each day. Once this period has elapsed without the instalment having been paid, the instalment will be classed as unpaid and the contract will automatically be cancelled for breach of contract.
USEFUL INFORMATION
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Show/Hide legal text1 Single Insurance Account at Bankinter, S.A. Credit facility designed to finance the payment of Insurance Premiums for which a direct debit has been set up in the Associated Account or in another Bankinter Account and registered in the Single Insurance Account. The credit facility is subject to prior approval by Bankinter, S.A. and can only be used to pay insurance premiums for policies registered in it.
The credit facility is subject to prior approval by Bankinter, S.A.
To benefit from the bonus, you must include two insurance policies with a minimum annual premium of €120 per policy. The maximum percentage bonus is 10%. This bonus percentage depends on the number of insurance policies associated with the Single Insurance Account: 1: 0%. 2: 2%. 3: 3%. 4: 4%. 5: 5%. 6: 6%. 7: 7%. 8: 8%. 9: 9%. 10: 10%.
Example of a customer who groups the following insurance policies: Individual health insurance €600/year, home insurance €300/year and life insurance €300/year. This represents a drawdown of €1,200 charged to the Single Insurance Account on the first day of the month, with a repayment period of 12 months, NIR 0% and APR 0%, split into 12 instalments of €100. Total amount repayable €1,200. Interest: 0€. Total cost: 0€. French repayment system.
The following insurance products arranged through Bankinter, Operador de Banca Seguros Vinculados, can be included in the Single Insurance Account: Individual Risk Life Insurance, Home Insurance, Individual Health Insurance and Funeral Insurance (periodic premium).
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Show/Hide legal text2 Bankinter, S.A., Operador Banca Seguros Vinculado, with registered office at Paseo de la Castellana 29, 28046 Madrid, entered in the Madrid Companies Register under Volume 1857, Sheet 220, Page 9643, with Tax Identification Number (CIF) A-28157360 and entered in the Special Administrative Registry of the General Directorate of Insurance and Pension Funds under the Ministry of the Economy and Finance (Paseo de la Castellana 44, 28046 Madrid), http://www.dgsfp.mineco.es, under the bancassurance operator code OV-0028, distributes Life Risk Insurance of the company Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros, Seguros de Hogar de las Compañías: Generali Seguros y Reaseguros, S.A., Occident GCO, Sociedad Anónima de Seguros y Reaseguros and Línea Directa Sociedad Anónima Compañía de Seguros y Reaseguros; annual renewable Funeral Insurance from the company Bankinter Insurance Generales, S.A., of Seguros y Reaseguros; and Individual Healthcare Insurance from the company Mapfre España, Compañía de Seguros y Reaseguros, S.A. It has arranged the civil liability insurance required by Article 152 of Royal Decree-Law 3/2020, of 4 February, on urgent measures by which various European Union directives are incorporated into the Spanish law in the field of public procurement in certain sectors; private insurance, pension plans and funds, taxation and tax litigation.
The bancassurance operator has entered into insurance agency agreements with the institutions listed here.