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Alpha Prospect pension and children’s savings plan
Secure your future
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 offers
2 options for a guaranteed future
- For your golden years – Get an additional source of income for your pension years. Depending on your needs and wants, you choose when and how often you receive this income.
- For your children’s future – Secure guaranteed capital to meet the future needs of your children, such as capital for their studies, the start of their career, etc.
Guaranteed capital at maturity
At the end of the plan, you receive the guaranteed amount:
- In one go.
- Every month for 5 or 10 years.
- As a lifelong monthly pension, if you opt for the pension plan.
Before issuing the policy, we give you a printout of our offer with the guaranteed capital at maturity and the guaranteed cash-out value for every insurance year.
Protection for the beneficiaries
The beneficiaries receive the net amounts that have been paid, in the event of loss of life of the policyholder.
Full or partial early redemption
You can cash out early, in part or in full, as long as you are past the 1st insurance year.
The cash-out value for every full insurance year is guaranteed and stated in your insurance policy.
You can cash out from €1,000 up to 50% of the current full cash-out value.
Continuous updates
You receive updates on your investment plan:
- Online, from your computer through myAlpha Web or your mobile through myAlpha Mobile.
- By post, at the end of each year from AlphaLife.
- At our branches, whenever you want.
What’s the premium and the term
One-off investment starting at €2,000
Choose the amount you want to save, from €2,000 to €100,000, according to your needs and goals.
You pay the amount with a one-off transfer from your Alpha Bank account. You cannot make any extra payments.
10-year fixed term
The term of the plan is fixed, 10 years, and you cannot change it.
Why it suits you
The Alpha Prospect savings plan is right for you if you:
- Want to invest the capital you’ve already saved.
- Wish to make the best of your available capital long-term.
- Seek to build guaranteed capital for your golden years or your children’s future needs.
- Need flexibility in receiving the guaranteed capital at plan maturity.
Can I get the Alpha Prospect savings plan?
Apply provided you...
- Are 18-80 years old, if you are the policyholder.
- Are 18-70 years old and up to 80 years old at maturity, if you are the insured.
- Hold an account with Alpha Bank, if you are the policyholder.
- 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.
Don’t hold an account with Alpha Bank?
Explore other options
Any questions?
Find the answers you need about the Alpha Prospect savings plan.
What should I do at the end of the plan as the beneficiary?
Update online the details related to your:
- Identification – ID card or passport
- Tax residence – tax clearance certificate
If you are not the beneficiary, AlphaLife issues a certificate for the policy details and payment amount. You must submit at the branch:
- Inheritance, donation or parental gift tax return (as applicable) issued through the myPROPERTY app (Government Gazette A 1066/2023).
- Solemn declaration according to Article 8 of Law 1599/1986 through gov.gr or from a Citizen Service Centre (KEP) stating that the information arising from the inheritance, donation or parental gift tax return has not changed.
If the beneficiary is under-age, some additional forms may be required.
Book an appointment at one of our branches to apply and get the insurance policy amount.
Do I need to already bank with Alpha Bank to get the plan?
Yes. If you are the policyholder, you must already hold an account with Alpha Bank.
If you don’t hold one, you can open an account online.
What documents do I need to submit as a beneficiary in case of loss of life of the policyholder?
You must submit, as soon as possible, at the branch:
- Death certificate for the policyholder
- Proof of identity – ID card or passport
- Proof of tax residence – tax clearance certificate
- Birth certificate, only in the case of an under-age beneficiary
If you are the legal heir of the policyholder, you must also bring the certificates of:
- Family status
- Next of kin
- Non-publication of will