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”).
• Lump sum guaranteed capital on maturity
• 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.
Option to participate in other Bancassurance Products with favourable pricing:
• Hospital Care (Health Insurance Plan) – for adults and minors with favourable pricing:
- Children's scheme: €141 per year
- Adult scheme: €157 per year
Eligibility for discounts is provided either to the Life-Insured (one participation) or the Policy Holder (multiple participations)
•Vehicle Insurance: Private Car - motorbike and Private-use farm truck, insurance plans are available with a 10% discount on gross insurance premiums, for specific types of insurance cover.
The discount is provided only for the persons Insured and once per 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 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.