BACK
Alpha Individuals personal loan insurance
Stress-free repayment of your loan
Alpha Bank SA, in addition to its status as a credit institution, also acts as an insurance intermediary. Find out more about Alpha Bank's intermediation (only in Greek).
Discover the features
What it covers
Payment of instalments up to €4,000
With the Alpha Individuals insurance plan you ensure that the interest-bearing instalments of your personal loan, i.e. instalments repaying both interest and principal, will be paid on time every month in case you are hospitalised.
1 instalment is paid for each 10-day hospital stay and up to 4 instalments in total, for a maximum of €4,000.
Repayment of your personal loan
You are covered for the outstanding balance of your performing personal loan up to €50,000 in case of 67% or more disability rating, or in case of loss of life from any cause.
What are the insurance amount and term
Up to €50,000
You are insured up to €50,000 for a personal loan you have taken out with Alpha Bank.
You don’t need to fill in a health questionnaire or undergo medical tests. However, you are not covered for conditions that pre-date the plan start.
For 1 year
The insurance term is annual.
It is automatically renewed each year, until your personal loan is repaid.
What’s the premium and how you pay it
Depending on the amount you’ve insured
The annual premium is €7.555 for every €1,000 of the loan principal you have insured.
One-off or monthly
You can pay your premium:
- In one go, for the entire loan term, if your loan is up to €7,000.
- Every month, by standing order from the account you use to pay your loan, if you loan is €7,000 or more.
What to do in case of an unexpected event
Call Generali to report the hospitalisation, disability or loss of life and make a claim:
- 801 111 222 333
- +30 210 809 6100
Then, Generali assesses your claim and starts the payment process.
Can I get the Alpha Individuals insurance plan?
Apply provided you...
- Are up to 62 years old at the start of the plan.
- Have taken out a personal loan with Alpha Bank or have consolidated your debts with Alpha All in 1.
- Have booked an appointment at an Alpha Bank branch.
Have at hand...
The necessary supporting documents depending on whether you:
- Already bank with Alpha Bank and have updated your details.
- Want to start banking with us or haven’t updated your details.
Explore other options
Any questions?
Find the answers you need about the Alpha Individuals personal loan insurance.
Can I insure my personal loan at any time?
Can I change my mind and cancel the insurance?
Yes, within 14 days from the time you receive the insurance policy.
To withdraw from the agreement, you must send a letter to Generali by registered mail: 40 Syggrou Avenue and Lagoumitzi Street, 11745 Athens.