This is a simple term life insurance plan with a decreasing sum insured each year. The policy does not acquire a surrender value but provides a lump-sum payment to the beneficiaries in the event of the insured’s death.
Addressed to:
Individuals aged between 18 and 65, provided that the insured does not exceed the age of 80 at the end of the credit facility.
Benefits:
Ensures the continuation of loan installment payments after the borrower’s death.
Replaces the insured’s lost income in the event of premature death.
In the event of death while receiving retirement income, any remaining policy credit balance is paid to the legal heirs of the deceased.
Eligibility for tax deduction.”
Duration of cover from 10 to 40 years.
Indicative Premium:
For a loan amount of €100,000 with an interest rate of 5%–7% plus a 1% risk margin, securing annual installment payments of €7,624 for 30 years, the premium cost of the plan for a 35-year-old individual would be €370.39.
€370.39 including the fixed fee.
€370,39 περιλαμβανομένου και του πάγιου τέλους.
