BBVA - Press Room

• As part of its Corporate Social Responsibility programme, BBVA will pay for the insurance policies with the aim of aiding Spanish troops and showing them support
• The insurance covers claims of up to €60,000 for death or complete permanent disability as a result of an accident, and €18,000 for total and permanent disability as a result of an accident.At present, Spanish troops are serving in Bosnia-Herzegovina, Kosovo, Afghanistan, Chad, and Lebanon, in addition to the troops that are serving in the EU’s Atalanta operation against piracy in the waters off of Somalia.

Today, BBVA in conjunction with the Ministry of Defence, presented an accident insurance policy for Spanish military personnel on peace missions all over the world. BBVA, through its Corporate Social Responsibility Programme, will pay for these insurance policies. At present, Spanish troops are serving in Bosnia-Herzegovina, Kosovo, Afghanistan, Chad, and Lebanon, in addition to the personnel that are serving in the EU’s Atalanta operation against piracy in the waters off of Somalia. Since 1989, a total of over 100,000 Spanish troops have participated in over 50 international and humanitarian aid missions on four continents.

This initiative highlights the close collaboration that BBVA has historically maintained with the Ministry of Defence. Against this backdrop, the BBVA New Defence Insurance (Nuevo Seguro Defensa BBVA) represents a step forward in this ongoing relationship. Its main aim is to support Spanish troops stationed abroad.

“BBVA is extremely satisfied to be able to support Spanish soldiers on peace missions. Their sacrifice and abnegation is an example for all of Spanish society”, explained Antoni Ballabriga, director of BBVA Corporate Responsibility and Reputation.

Features of the New Defence Insurance

BBVA provides the New Defence Insurance free of charge to all Spanish military personnel on peace missions in any country in the world. The only prerequisite is that the Spanish soldiers must have their salary accounts domiciled at BBVA.

Once this condition is met, military personnel would benefit from the following coverage:

• Death by accident: €60,000
• Complete permanent disability as a result of an accident: €60,000
• Total and permanent disability as a result of an accident: €18,000

 In addition, it will include:

• Air travel insurance, both for civilian and military aircraft, including helicopters 
• War risk coverage, except for incidents classified as acts of terrorism
• Terrorist attack coverage covered by the Insurance Compensation Consortium

 Spanish troops on United Nations missions

Spain started officially participating in United Nations missions in 1989, and since then over 100,000 military personnel have participated in over 50 international and humanitarian aid missions on four continents.

At present, Spanish units are serving in Bosnia-Herzegovina, Kosovo, Afghanistan, Chad, Lebanon, and Somalia. In addition, the Spanish military has observers on various United Nations missions.