Life Insurance in Chile

Due to its open market and thriving economy, Chile is now considered one of the fastest-growing insurance markets in the Latin America region. The value of total insurance premiums over a decade went from $2.7 billion to $9 billion. Chileans are said to pay a higher percentage of their wages on insurance compared to other Latin American countries. Life insurance is responsible for about two-thirds of the total insurance market in Chile, and it is said that this is because of the pension system of the country which requires workers to save in private pension funds.

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Clements Life Insurance boasts an over 65-year experience as an international term life insurance product for customers residing overseas or in their home countries. Clements Worldwide’s versatile term options, beginning from one to ten years, provide expatriates in Chile the solutions they need, especially those with dependents or any outstanding monetary obligations.

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