2023-04-25 19:08:31
Workers affiliated with the Mexican Institute of Social Security (IMSS) have the possibility of acquiring survivorship insurance. What does it consist of? If you do not know, then we will tell you carefully.
This type of insurance is contracted by pensioners for reasons such as work risk, unemployment at an advanced age or due to old age or disability. Its acquisition is made with a charge to the resources of the insured sum, added to the resources of the individual account in favor of the beneficiaries of the pensioner.
Upon the death of the affiliated person, the dependency grants the pension, welfare aid and other cash benefits provided to their relatives.
How is the IMSS survivorship insurance calculated?
The IMSS survival insurance is calculated according to the age of the beneficiaries of the affiliated person, as well as the relationship to the amount of the pension. Like the insurance contracted for work risk, disability, unemployment at an advanced age or old age, they must have the characteristics of each one of the pensions.
Unemployment or old age pension
The retirement pension at an advanced age applies to people over 60 and under 65. In order to process it, you must have the minimum contribution period established by the Social Security Law.
In this case, it corresponds to 500 weeks for Law 73 and 1,250 weeks for Law 97. Regarding the old-age pension, it is processed from 65 years of age. The basic conditions to be able to process it must review your weeks of contribution. They also apply 500 weeks for Law 73 and 1,250 weeks for Law 97.
The amount of the pension is assigned by the IMSS according to the person’s age at the time of retirement and the figures are as follows:
- 60 years: 75%.
- 61 years: 80%.
- 62 years: 85%.
- 63 years: 90%.
- 64 years: 95%.
- 64 years, 6 months and 1 day: 100%.
disability pension
In order to obtain the disability pension, it is necessary for the person concerned to show a medical opinion that classifies his illness or accident at work as total or partial permanent disability to continue working. This can be provisional for a period of adaptation of up to two years or definitive, as indicated in the document.
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