THE ESSENTIALS
Before you start
- A risk category is not a percentage loss.
- The number must match the actual product and option.
- Read the warnings and assumed holding period.
A category scale is not a euro calculation
The annex to CMVM Regulation 8/2018 identifies the summary risk indicator with a number from 1 to 7. A «2» is a classification, rather than a 2% charge, a 2% return or a 2% maximum loss.
Clara adds three separate fields to Marta’s notes: category, assumed holding period and accompanying warning. She does not multiply the category by the sum Marta might invest, because the category number does not supply that calculation.
Read the sentence beside the number
A Fidelidade KID dated 27 January 2026 shows category 2 for five years and one day and warns about changed risk on early exit. It is a specific example.
Record the warning and when you may need the money. Ask for that situation to be explained separately from the displayed category.
Sources: Fidelidade — Savings Opção Proteção KID (27 January 2026), p. 2; example read 30 October 2026 ↗
Do not infer a guarantee from the class
The example addresses capital protection, early exit and the manufacturer’s inability to pay separately. Locate those references rather than inferring a guarantee from the number.
Marta wants to keep a reserve available for household expenses. Clara helps identify that need before the proposal is assessed, without choosing a product or ordering another investment’s surrender. Having assets available and needing cash soon are different questions.
Sources: Fidelidade — Savings Opção Proteção KID (27 January 2026), p. 2; example read 30 October 2026 ↗
Compare documents for the same option
Record the product, option, document date, class, horizon and warnings. Keep an older version as history if a new one arrives and ask what changed. A different number needs explanation; it does not by itself show that the product now suits you.
You can request information about insurance investments through RMACHADO’s site. This is general document-reading education: it does not recommend an investment, forecast losses or returns, or replace the applicable demands, needs and suitability assessment.
KEEP THESE QUESTIONS
Your checklist for the next conversation
- Check the product, option and document date.
- Distinguish risk categories from percentages.
- Read the horizon, warnings and protection terms separately.
- Request an explanation for when you may need the money.
FROM THE ARTICLE TO YOUR SITUATION
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Sources and transparency
Content updated on .
Consultation dates are stated in individual references when available.
Numerical examples are fictional and explain concepts. Editorial interpretations are identified in the text.
- Diário da República — CMVM Regulation 8/2018, consolidated text, annex: summary risk indicator; read 30 October 2026 ↗
- Fidelidade — Savings Opção Proteção KID (27 January 2026), p. 2; example read 30 October 2026 ↗
Information from RMACHADO GROUP. This is not an insurance offer or individual advice. Covers, acceptance, exclusions, sums insured and costs depend on the policy. The intermediary does not underwrite the risks.