IPDIS - Insurance Product Information Document and NIPS Insurance Product Information Document

IPIDS

Purchasing insurance products can sometimes be a complex task for consumers. That’s why “IPIDs” and “NIPs” – crucial documents – exist to ensure that consumers are well informed about the insurance products they are buying. A IPID, or Insurance Product Information Document, is a standardised document that describes the main information about an insurance product, from cover to terms and conditions. An IPN, on the other hand, refers to a Prior Information Notice.

By understanding these terms and concepts, consumers can make more informed decisions about which insurance products to buy, thus safeguarding their financial well-being.

Find all the insurance product information documents (DIPS*) and the Prior Information Notice (NIP) here:

*Does not dispense with consulting the legally required pre-contractual and contractual information

Victoria Seguros, Mediador, Agente, Algarve

DIPS & NIPS

House

Documento de Informação sobre o produto

 
Informação Prévia à Contratação
 
 
 
 

Car

Documento de Informação sobre o produto

 
Informação Prévia à Contratação
 
Insurance Product Information
 
Prior Informative Note
 

 

Health

Victoria Saúde Ibérica Informação Prévia à Contratação
 

DIPS & NIPS

House

Documento de Informação sobre o produto

 
Informação Prévia à Contratação
 
Insurance Product Information 
 
Prior Informative Note

 

Car

Documento de Informação sobre o produto

 
Informação Prévia à Contratação
 
Insurance Product Information 
 
Prior Informative Note

The Insurance Distribution Directive (IDD) is a new EU directive that aims to create a level playing field for insurance distribution. The aim of this directive is to improve consumer protection and promote effective competition.

One of the main requirements of the SDD is the introduction of a new policy summary, the “Insurance Product Information Document” (IPID). This document is intended to help individual customers understand what is included in their cover and will be provided at the time of quotation, renewal or a significant change mid-term.

FAQs about DIPS (Document of Information on the Insurance Product) in Portugal

Find answers to all your questions

DIPS, or Document of Information on the Insurance Product, is a document that provides essential information about insurance products in Portugal.

The purpose of DIPS is to offer consumers clear and understandable information about the insurance product, enabling an informed choice.

The insurance company is responsible for providing the DIPS to the client before the insurance contract is concluded.

DIPS contains information about the type of insurance, coverage, exclusions, coverage period, among other relevant details.

The DIPS should be provided before the insurance contract is concluded, allowing the consumer to evaluate the conditions and make an informed decision.

Yes, insurance companies can make the DIPS available in both physical and digital formats, according to the consumer’s preference.

Yes, the content of DIPS is binding to the contract, and the conditions mentioned in the document apply during the insurance period.

No, DIPS does not replace the general conditions of the contract but complements them by providing specific information in a more accessible format.