Life insurance for mortgage loan borrowers and guarantors is provided as a group insurance policy with the following characteristics:

• Minimum age of the insured person at the start of the policy 18 years old
• Maximum age of the insured person at the start of the policy 65 years old
• Maximum coverage age: 70 years old
• Maximum insured capital (€200,000).
• It only applies to permanent residents in Greece
• The insurance product becomes available to you, only if you have been accepted to the insurance, after having filled in the health questionnaire, included in the Participation Application.

Very simply and easily, you get the chance to be insured and secure your family, with a premium calculated on a monthly basis as a percentage on the outstanding balance of the loan. This is why the premium reduces over time, following the reduction of the outstanding balance.

The insurance ends with the repayment of the loan, or at the insured person’s 70th birthday, whichever may occur first. It also stops, if you wish it or if an insurance risk occurs or if the premium or the loan installments are not paid.

Every borrower/guarantor, who is a natural person, can be insured, either for the entire amount of the loan or for part of it. Said part cannot be lower than 50% at least for one borrower but the total percentage of the loan covered by all insured persons together shall be at least 100%. In order for the guarantor to be insured, at least one borrower should also be insured for an amount equal to at least 50% of the loan capital.

All the information you may need.

In the following documents you will find all the info you may need.

Pre-contractual information on the life insurance plan for mortgage loan borrowers and guarantors

Insurance Intermediary Form

Insurance Terms

Important notes:

Terms and conditions apply.

This is an advertisement and is intended for general information purposes only and in no case replaces the pre-contractual information as laid down in the applicable legislation, the policy and its general and specific terms. The full pre-contractual and contractual information for said plans are available at the web page www.nbg.gr as well as at the National Bank of Greece SA branches, where our certified insurance intermediaries will inform you responsibly and consistently about the characteristics, coverages, detailed terms and conditions of the plan. The above mentioned information are also available electronically for the plans available through Internet and/or Mobile Banking.

The insurance plans have been developed by the Ethniki Insurance Company and are distributed by the branch network of the National Bank of Greece SA, with registered seat at 86 Aiolou st., 10559 Athens, General Commercial Register (G.E.MI) no 23790100, Company Reg. No. 311481. To find out more, click here.

The insurance plans are distributed only by qualified NBG staff who are certified insurance mediators. The Bank is registered with the Special Registry of Athens Chamber of Tradesmen under Reg. No. 1028 as an insurance agent. The Special Registry data are published on the electronic platform "Single Information Point for Active Insurance Intermediaries" (insuranceregistry.uhc.gr), via which you can verify NBG's registration with the Special Registry.

In order for the guarantor to be insured, at least one borrower should be insured for an amount equal to at least 50% of the loan capital.

The plan covers the repayment of your mortgage loan in the event of the borrower’s and/or guarantor’s death due to illness or accident, depending on the insurance percentage, and more specifically the outstanding loan balance and up to 3 due loan installments (up to €200,000), at the time of the insured person’s death.