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Insurance and Assistance

Life Insurance

Protect your loved ones' future with an accessible premium.

Life Insurance
I want it

Choose your life plan

Protect the financial future of those who depend on you.

Basic Life

$30,000 COP per month from
  • Sum insured from $50M COP
  • Natural or accidental death coverage
  • No medical exams up to age 55
  • Beneficiaries you designate
Young adults starting to build family future.
I want it

Total Life

$135,000 COP per month from
  • Sum insured up to $150M COP
  • Life + disability + serious illness coverage
  • Lifetime monthly income for disability
  • Terminal diagnosis advance
  • Coverage up to age 75
Executives and high-wealth profiles with dependents.
I want it
Benefits

What does it offer?

Sum insured from $50M to $150M COP

Monthly premium from $30K COP

Covers natural and accidental death

Optional educational income for children

No medical exams up to age 55

Everything you need to know

Features

Everything you need to know before purchasing your INOVACOOP Life Insurance.

  • Payment and renewal
    Make monthly payments by auto-debit from your savings or checking account, or with your INOVACOOP Visa or MasterCard credit card. The insurance renews automatically each year.
  • Entry and permanence age
    People between 18 and 65 years old. No medical exams or additional procedures are required to enroll.
  • Purchase and issuance
    Purchase of this product is voluntary and issuance is immediate. You only need to answer accurately and sign the insurability declaration.
  • Insured sum and beneficiaries
    Choose between plans with insured values from $50M, with a maximum of $150M. Assign any beneficiaries you like, but the sum of all their percentages must equal 100%.
  • Annual CPI adjustment
    The insured sum increases annually based on the Consumer Price Index (CPI), keeping the real value of your protection.
Rates table

Rates by age with suggested plan

Each age range has a recommended plan based on the most common life stage. You may choose another plan if your needs differ.

Age range Suggested plan Insured sum Monthly rate Ideal for
18 - 30 years Basic Life $50,000,000 $30,000 Young adults starting their financial life.
31 - 40 years Family Life ⭐ $100,000,000 $65,000 Young families with dependent children.
41 - 50 years Family Life $100,000,000 $85,000 Providing parents in their most productive stage.
51 - 60 years Total Life $150,000,000 $135,000 Consolidated-wealth profiles with dependents.
61 - 65 years Total Life $150,000,000 $180,000 Consolidates maximum protection in the final insurance stage.

Monthly rates in Colombian pesos (COP), aligned with each plan's base price. The suggested plan is a guide based on typical life stage; you may choose any other plan per your needs. Reference values subject to individual study.

Ideal for

Parents and household providers.

Interested?

Write to us and an advisor will get in touch.

Request more information
Requirements to get it

Requirements to obtain it

Requirements for Individual or Group Life Insurance.

Membership as a partner

  • Original valid national ID card (or foreigner ID for non-Colombians).
  • Be of legal age (18+) to hold the product.
  • Fill in the single INOVACOOP membership form.
  • Personal-data handling authorization (Law 1581/2012).
  • Authorization to consult and report to credit bureaus.
  • Payment of the minimum membership social contribution.

General insurance requirements

  • Valid ID of the policyholder and insured (if different).
  • Insurance application form filled and signed.
  • SARLAFT form and source-of-funds declaration.
  • Payment of the initial premium (monthly, half-yearly or yearly).

Medical declaration

  • Complete and truthful health questionnaire (insurability declaration).
  • Medical exam and lab tests (for insured sums over $200,000,000 COP).
  • Age between 18 and 70 at the time of purchase.
  • Written beneficiary designation (name, ID, relationship and percentage).
Documents must be current and original. INOVACOOP may request additional information based on credit or risk analysis for the product.