​Ethniki Insurance has launched NBG Efapax + a new bancassurance program, available through NBG's Branch Network.

NBG Efapax+ is an Insurance and Savings Program which enables you, by means of a one-off premium payment, to use in the best way possible a part of your available funds, thus providing for future needs, such as enhancing your pension or giving financial support to your children.

For further information see Details.

Basic features

You can choose the duration of the program, starting from 10 years, provided that at maturity the Insuree is not over 85 years old.  If the Insuree is a minor, he will have to be an adult at maturity.

Participation in the program
Participation is subject to a one-off premium (*) payment in multiples of €100. The minimum amount is €5,000.

(*) The premium is subject to charges in favour of the Private Life Insurance Guarantee Fund along with Policy Fees.



  • Formation of capital guaranteed by Ethniki Insurance at maturity.
  • Redemption values guaranteed by Ethniki Insurance in the event of early redemption, which are disclosed in advance by insurance year.
  • Option to choose payment of the guaranteed capital at maturity, depending on your needs at the time:
  • one-off payment
  • monthly pension of a specific amount until exhaustion of the capital
  • monthly pension for life
  • monthly pension for life, guaranteed for 5 or 10 years
  • monthly pension for life, 100% transferable to a third party

The amounts of the one-off payment  are known from the outset and appear in the contract that you will receive. The form of payment for this benefit is selected at maturity, pursuant to all available options and respective estimates by Ethniki Insurance.

  • Life Insurance cover that provides for your family members by paying them a one-off premium in the event of death.

Early withdrawal and redemption option
You can terminate in part or in full your insurance policy one month after it comes into force. The insurance redemption value is guaranteed by Ethniki Insurance and is set out, by insurance year, in the Redemption Chart which you will receive along with the Insurance Application - Insurance Policy.

In addition, you are provided the right to liquidate the program in the event that payments of the "Monthly Pension" have begun and the program is in the pension payment phase. The Redemption Amount for each full year will be known in advance since along with the Insurance Application - Insurance Policy you will also receive the "Pension Payment Period Chart/Pension Redemption Value Chart".


Option to participate in other Bancassurance Products at favourable rates

  • Vehicle Insurance: Private Car and Private-use farm truck, insurance plans are available with a 10% discount on comprehensive insurance premiums, for specific types of cover.

Offering the program to a family member
You can offer the program to a family member (such as spouse, child, grandchild) so as to support his/her financial planning. In so doing, you assist your nearest and dearest in creating a pool of money for meeting planned future needs, as additional income upon retirement, or to support the educational, professional or family needs of your child.


The information contained herein may not be fully up-to-date and accordingly you should consult the relevant information leaflet (under Law 4364/2016), which is available at all NBG branches. The insurance coverage is provided with the mediation of National Bank of Greece SA, 86 Eolou,102 32 Athens, Company Reg. No.: 311481, Athens.  For more information click here.


​To find out more about the program, simply visit any of our NBG Branches.

Basic documentation required:

  • Valid Identity Card or Passport 

Find out about the ID verification documents required under the current regulatory framework at Have you introduced yourself? If not ...do it now.


​Special features of the plan you've selected

  • Capital guaranteed by Ethniki Insurance at maturity, but also before maturity in line with the Chart of Guaranteed Redemption Values.
  • Alternative ways of collecting the benefits upon maturity, depending on your needs at the time.
  • Offer the program to a family member (such as spouse, child, grandchild) so as to support his/her financial planning.
  • Flexibility and adaptability according to your needs and requirements, with the option to choose how much money you want to place.
  • Provide for your family members by paying them a one-off premium in the event of death.
  • Participation in other bancassurance programs at favourable rates.


Frequently asked Questions - Answers