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Ethniki Insurance, responding to the needs of the times, has launched NBG Child, a new bancassurance plan, available through NBG's Branch Network.

“NBG Child” is an Insurance and Saving plan that guarantees the gradual formation of a capital through regular monthly instalments that enables you to support the educational and professional needs of your child or offers to your child an additional income to help him or her make their plans come true.


For further information see Details.

Duration

You can choose the duration of the plan, with a minimum of 15 years, provided that at the commencement date the sum of the Life-Insured’s  age and the insurance term is not less than 18 and more than 37 years.

Participation in the plan

Participation is subject to a minimum monthly premium* of €60 and a maximum of €500. The plan provides two premium options, fixed or increased by 3% per year.

 (*) The premium is subject to charges in favour of the Private Life Insurance Guarantee Fund plus the amount of €10.00 (only at the commencement date) for record keeping fees (“policy fees”).

 
Benefits

• Lump sum guaranteed capital on maturity
                                        or
• Guaranteed “Monthly Income” for 4, 5, 10 years.

In addition, the following alternatives are offered:
• “Monthly Income” of different duration besides 4, 5, 10 years;
• Guaranteed “Monthly Income” of a fixed amount until exhaustion of the capital etc.

• Insurance Cover of the Policy Holder for Waver of Premium (WoP) in the event of death or total permanent disability due to accident.

Early withdrawal and redemption option

You are offered a total surrender option after the lapse of two (2) years as of the commencement date and provided that the respective premiums (24 instalments) have been paid. The insurance surrender   value is guaranteed by Ethniki Insurance and known in advance as set out, per by insurance year, in the Surrender Chart which you will receive along with the Insurance Application - Insurance Policy.
 
Offering the plan to a family member

You can offer the plan to a family member (such as child, grandchild) aiming to create a capital for supporting their educational or professional needs as adults.

 

The information contained herein serves a purely informative purpose and is not intended to replace the pre-contractual information, as stipulated by the current applicable legislation, nor the insurance contract and its general and special terms. The complete pre-contractual and contractual information for this plan is available at all NBG branches.

The insurance plan is distributed through National Bank of Greece SA, 86 Aiolou, str. 105 59 Athens and Company Reg. No.: 311481.

 Insurance plans available at the NBG branches are distributed only by Bank staff who are certified insurance intermediaries. The National Bank of Greece is registered as an insurance agent with the Special Registry of the Athens Chamber of Tradesmen under No. 1028. 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/.

 

To find out more about the plan, simply visit any of our NBG Branches to consult our certified officers.

Basic documentation required:

  • Valid Identity Card or Passport

Find out about the ID verification documents required under the current regulatory framework 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 Surrender Values.
• Alternative ways of receiving the benefits upon maturity, depending on your child’s needs at the time.
• Offer the plan to a family member (such as child, grandchild etc.) so as to support financially his/her educational or professional needs.
• Flexibility and adaptability according to your needs and requirements, with the option to choose how much money you want to save.

 

FAQs​

  • Can a cancelled contract be reinstated?
    Within a period of up to two (2) years from the moment that the first unpaid instalment became payable and upon the customer’s request, the plan may come into effect again provided that the unpaid premiums of the basic life insurance plus 3% and the premiums of the additional covers are paid prior to the agreed reinstatement date.