Compare life insurance
Tell us the insured amount, the term and why you need the policy. Chico helps you compare proposals with personal support from our team.
Complete the request on this page. Our team reviews your information and supports you through the proposals.
Request a free quote
About 3 minutes to complete · response within 24 hours
Before you start
- Choose the amount you want to insure and for how many years.
- Tell us whether the policy is for a mortgage or to protect your family.
- Have your Portuguese tax number (NIF) and date of birth ready; the form also asks for your occupation.
- If the mortgage has two borrowers, mention this in the comments.
- If you already have life insurance, check the policy so you can compare equivalent terms.
What happens next?
Your request is sent through Chico dos Seguros. Our team reviews the information and contacts you with the available proposals. Prices are not calculated automatically, and submitting the request does not activate any insurance.
Your data is handled according to our compliance and transparency information and the consent shown in the form.
How to compare life insurance in three steps
01 · Decide what you want to protect
Your mortgage payments, your family’s income, or both? The purpose determines the insured amount and policy term.
02 · Compare the proposals
You receive proposals showing the premium, included cover and how the insured amount changes throughout the contract.
03 · Decide without pressure
Ask our team any questions and, if the insurance supports a mortgage, confirm that the bank accepts the policy before proceeding.
Life insurance for a mortgage
When you take out a mortgage in Portugal, the bank commonly requires life insurance and multi-risk home insurance, or at least fire cover. For life insurance, the bank may require death cover only; disability cover is optional under Portuguese Law no. 14/2026. You may buy these policies from another provider, and the bank must accept a policy with an equivalent level of protection.
Ask whether using another provider changes any interest-rate discount, and compare mortgage payments with and without the bank’s policies. Also compare multi-risk home insurance.
What to compare in life insurance
A lower premium only offers value if the policy pays when you need it. Compare these points in every proposal.
Insured amount and term
The amount should cover what you want to protect. For a mortgage, it usually follows the outstanding balance and decreases over the loan term.
Death and disability
Check whether the proposal includes disability cover and which definition applies: absolute and permanent disability (IAD) or total and permanent disability (ITP), which is usually broader. These benefits are optional for a mortgage.
Premium and exclusions
Check whether the premium is fixed or rises with age, compare the total cost across the contract and read the exclusions and health questions carefully.
Chico’s tip: if you switch policies, cancel the existing one only after the insurer has accepted the new policy and, for a mortgage, after the bank has accepted it too.
Protecting your family without a mortgage
Life insurance is not only for a loan. It can also protect people who depend on your income, such as your partner or children. For everyday medical expenses, also compare health insurance.
Cover, insured amounts and exclusions depend on each policy. You can also consult the Portuguese insurance authority’s life insurance information.
Questions about life insurance
Whether it is for a mortgage or to protect your family, these are the most common questions before comparing life insurance.
Can the bank require life insurance?
A bank may require life insurance for a mortgage, but it may require death cover only and cannot impose a particular insurer. It must accept a policy from another insurer with an equivalent level of protection. Disability cover is optional.
How does the life insurance comparison work?
You provide the insured amount, term, occupation and whether the insurance is for a mortgage. Our team reviews the request and contacts you with proposals. The comparison does not calculate prices automatically or activate insurance.
How much cover should I choose?
It depends on what you want to protect: the outstanding mortgage, several years of household income, or both. Enter an amount in the request and our team can help you refine it.
What is the cheapest life insurance?
The price depends on your age, health, insured amount and term. To identify the best value for you, compare proposals with the same amount, term and cover.
Does the comparison include every insurer in the market?
No. The comparison includes proposals available through the insurers we work with for your age, occupation and insured amount. Availability varies and does not represent every offer in the market.
Other insurance to compare
Want to see everything in one place? View all insurance comparisons.
Compare your life insurance with Chico
Enter the insured amount and term, then receive proposals to compare. You decide.
