Ethniki General Insurance has launched Full Life Plan, a cutting-edge unit-linked insurance-investment program, which is distributed through the NBG branch network and linked to investment funds managed by BNP Paribas Asset Management. Full Life Plan is addressed to individuals or legal entities who cumulatively:

1. wish to generate  a capital through periodic payments aiming to achieve returns on a long-term basis so as to meet their future needs such as pension, children's studies or professional obligations, while at the same time accepting the risk of negative movements in the unit prices of the investments classes/sub-funds to which the insurance product is linked;

2. have the minimum required knowledge and experience in order to comprehend the risks that may arise from insurance products linked to investments that may potentially lead to the loss of the initial capital, in whole or in part, at maturity;

3. have sufficient savings, besides the capital to be invested, to cover any other needs.

4. wish to protect the future economic security of their family by means of life insurance.

This product offers flexibility and a range of options at the beginning, during, and at maturity of the program, such as, the amount and the frequency of premium payments, the duration, and the payout options upon maturity of the program.

For further information see Details.

Life Insurance Plans linked to investments - Insurance-based investment product Unit Linked type with periodic payments without guaranteed value at maturity. The program aims at managing your funds through systematic long-term investment in units of the linked investment classes/sub-funds of BNP Paribas Perspectives (2031-2033, 2034-2036, 2037-2039) up to their maturity and thereafter in BNP Paribas Perspectives Court Terme, up to maturity of the Insurance Plan, while at the same time it offers life insurance coverage in the event of the Insuree's death during the validity period of the program. The investment classes/sub-funds are managed by BNP Paribas Asset Management France, a member of the BNP Paribas Group.

Each time premiums are paid, units are purchased on the offer price. Such units are added to the Investment Premium Account and this is repeated each time the Insuree pays a new premium.

Depending on the selected contract period, the program will be linked to the Investment Class of the series with the respective maturity date.

Benefits at maturity

At maturity, the amount is paid either as a lump sum or in instalments (fixed income or pension for life). In the case of a lump-sum payment, the beneficiary collects the current value (number of units x net unit price) of the Investment Premium Account.


You can choose the duration of the program, starting from a minimum 10 years, provided that the sum of the Insuree's age at the starting date of the program and the duration of the insurance is not less than 18 and not more than 75 years.

The maximum possible duration of the program is 20 years.


Full Life Plan is an insurance-based investment product with monthly, quarterly, semi-annually or annually periodic premium payments without any charge for the investment premium and fees standing at 4%, 3%, 2%, and 0% respectively, for the premium for any potential additional coverages (Waiver of Premium Payment).

One may participate with the minimum allowed annual premium of €960 (€80 per month) for an insurance period up to 14 years, or €840 (€70 per month) for an insurance period over 15 years, while the maximum annual premium stands at €10.000 (€833 per month).

In addition, someone has the option to make additional, unscheduled payments once a year after the completion of the first year, and in any case not later than 3 years before the contract's maturity.


Insurance coverage                                                                                    

Α. In case of loss of Insuree's life during program's validity period, either the accumulated value of the Investment Premium Account or the amount of paid annual investment premiums is paid out, whichever is highest.

Β.  Optional coverage of  Waiver of Premium Payment, in the event of death or total permanent disability due to accident, for the adult Insuree, or the Counterparty in case of a non-adult Insuree. Depending on the case, you may be offered either a waiver from the monthly premium payments up to the program's maturity, or from the total amount of the remaining premium payments.

The information contained herein is purely informative and does not replace neither the pre-contractual information, as stipulated in the current applicable legislation, nor the insurance contract and its general and special terms. Learn more about the insurance plan's features, coverages, detailed terms, conditions and exceptions, from our qualified NBG staff, at any of our NBG  Branches. 

The insurance plans are designed by Ethniki General Insurance and distributed through the branch network of National Bank of Greece S.A., Aiolou 86, 10559 Athens, Company Reg. No.: 311481. The distribution of the insurance plans is only conducted by qualified NBG staff, certified in insurance intermediation services. The Bank is registered with the Special Register of Athens Chamber of Tradesmen under Reg. No. 1028 as an insurance agent. The Special Registry's data are available through the online platform "Point of Single Contact (ESIP)" of Active Insurance Intermediaries, via which you can verify the registration with the Special Registry. ESIP website: http://insuranceregistry.uhc.gr/.


The plan is not registered according to the U.S. legislation (U.S. Securities Act 1993) and is not available to individuals and legal entities marked as U.S. Persons.


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

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.

 Options offered by Full Life Plan

  • Generating a capital through periodic payments aiming to achieve returns on a long-term basis so as to support your future needs such as provision or enhancement of pension, children's studies or professional obligations.
  • Bonus on the Full Life Plan's 10th anniversary and/or at its maturity (for programs with duration of over 15 years).
  • Management of  the linked investment classes / sub-funds by BNP Paribas Asset Management  an  internationally recognised investment manager.
  • Alternative ways of collecting the benefits at maturity of the program, depending on your needs at the time.
  • Your nearest and dearest can participate in the plan as Insurees (spouse, child, grandchild, etc.). 
  • Range of options on the amount of the insurance premium, the program's duration, and the payout scheme of the capital upon maturity of the program.
  • Option to select a Waiver of Premium for Payment  under the terms of the program.
  • Option to make additional, unscheduled payments after the completion of the first year, and up to once per year at least 3 (three) years before the contract reaches maturity, the minimum amount being 2 (two) annual premiums and the maximum being 8 (eight).

Frequently asked questions - answers

  • Why should I choose Full Life Plan?
    The insurance based investment program Full Life Plan provides the opportunity to generate a long-term investment and savings without initial capital required, through periodic payments  with a view to meet future needs.

    The money is managed by the global investment corporation BNP Paribas Asset Management.

    At the program's maturity, the total value of the Investment Premium Account generated is paid out in a lump sum or in monthly instalments depending on your needs at the time. In addition, if the premium payments are made on a timely and consistent basis, a "10th anniversary Bonus" is granted in the form of an extra percentage amount added to the Investment Account at the plan's 10th anniversary, while a "Maturity Bonus" is granted at the plan's maturity, provided that the plan's term is at least 15 years.

  • Must the Insuree (i.e. the beneficiary of the plan's benefits) and the Counterparty (the person who undertakes payment of the premium) be one and the same?
    No. It is possible for someone to undertake the payment of the insurance (as Counterparty) and another person to be the Insuree and beneficiary.
  • What is the amount of the Investment Premium?
    There is a minimum annual premium of €960 (€80 per month) for an investment period up to 14 years, or €840 (€70 per month) for an investment period of 15 years and over, and maximum annual premium of €10.000 (i.e. €833 per month) irrespective of the duration. Within these margins you are free to choose the amount you pay.
  • How is the money paid at maturity?

    The value of the Investment Account is paid out at the program's maturity as a lump-sum amount. Alternatively, the Insuree of Full Life Plan can select one of the following benefits:

    • Free choice between a pension paid out for a specific period or a specific amount.
    • Pension for life, pension for life with guaranteed payment period of 5 or 10 years, or pension for life, 100% of which can be transferred to another person designated by you.