In personal insurance, the insured object is a person. The individual is protected against the occurrence of an event that affects them directly, such as death, survival, alteration of their health or, in some cases, psychological integrity.
Life expectancy has been increasing along with the evolution of human beings.
In our country, during the decade of the thirties, people lived an average of 35 years, while by 2019, life expectancy reached an average of 80 years. But even though human longevity has increased, mortality risks remain latent.
The purpose of personal insurance is to protect, cushion and compensate losses in the event of an accident or illness.
