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Life insurance
Life Insurance and Financial Planning
 
Moving through the various stages of life brings with it a change in circumstances. They in turn redefine your needs, including your insurance needs. Designed with this in mind, Generali Viva adapts to the changes that accompany the significant events in your life.
 
If your needs demand a basic life insurance policy with no surrender value, Generali provides you with the protection you need through term life insurance.
 
Term Life Insurance
Term life insurance provides financial security for a person's family in the event of death. Unlike unit-linked products, term life insurance is not an investment/savings product. Instead, it provides a death benefit over a specific period of time and at a low cost.

The insured decides on the sum insured and the duration of the policy. Anyone aged over 18 is eligible, while the maximum term age is 80 years old. The sooner one purchases such a policy, the lower premiums he/she secures for the life of the contract. Aside from the death benefit, other types of coverage, such as inpatient care, waiver of premium due to disability, etc., can be added on.

Term life insurance offers the following advantages:
  • It enables the insured's family to maintain their standard of living in the event of death
  • It allows for the insured's beneficiaries to proceed with long-term plans, such as a child's higher education
  • It protects the family against the burden of high inheritance taxes and funeral expenses
  • It enables family members to meet their financial obligations, such as paying off loans, mortgages, etc.
  • It can safeguard the smooth operation of a business in the event one of the key business partners dies
  • It can provide a young family with heavy financial obligations with the extra protection they need until their financial situation is strengthened

Life insurance is very personal and needs to be tailored in order to meet individual needs effectively. Generali can tailor its life insurance policies to meet your needs.

For more information please contact your Insurance Agent at insurance@ktimatoemporiki.gr
 
 
 
Additional Coverage
Death Due to Accident
The company will pay out the amount of cover taken out to the beneficiaries in the event that the insured dies as a result of an accident. The amount of cover will be doubled if the accident was a traffic accident or if the insured was a passenger of public transportation. This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.

Total or Partial Permanent Disability Due to Accident
In the event that the insured becomes totally and permanently disabled as a result of an accident, the company will pay out his entire cover. If the accident results in partial permanent disability, the company will pay out a percentage of his/her cover as specified in his/her insurance policy. This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.

Total Permanent Disability Due to Accident or Illness
In the event that the insured becomes totally and permanently disabled as a result of an accident or illness, the company will pay out the entire cover, into equal installments. This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.

Annual Income in the Event of Total Permanent Disability Due to Accident or Illness
In the event that the insured becomes totally and permanently disabled as a result of an accident or illness, the company will provide the insured with an annual income until the plan expires. This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.

Loss of Income Due to Total Disability Caused by an Accident
In the event that the insured becomes totally disabled as a result of an accident, the company will provide the insured daily compensation, for each day that he/she is unable to work, for a maximum duration of 720 days. This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.

Total Temporary Disability Due to Accident or Illness
In the event that the insured becomes totally and temporarily disabled as a result of an accident or illness and is unable to work, the company will provide the insured daily compensation, beginning from the 31st day after the incident for a maximum of 60 days.
This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.
 
Premium Waiver in the Event of Total Permanent Disability Due to Accident or Illness
In the event that the insured becomes totally and permanently disabled as a result of an accident or illness, and is unable to work, the company waives the insured's premium for the term of the contract. This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.

Critical Illness
In the event that the insured suffers from a critical illness, the company will pay out the entire cover. The critical illnesses covered under this benefit are:
Heart Attack
By-pass surgery
Stroke
Cancer
Kidney Failure
Major Organ Transplant
Paraplegia
Quadriplegia
Deafness
Blindness
 
This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.
 
Daily Hospital Allowance
In the event that the insured is hospitalized as a result of an accident or illness, the company will pay him/her an allowance for each day he/she remains in the hospital.

Additionally, the company will pay the insured an allowance equivalent to the amount that corresponds to half the days he/she was hospitalized for recovery at home. The maximum number of days paid for hospitalization and recovery are 360. This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.
 
Surgery Allowance
In the event that the insured undergoes surgery as a result of an accident or illness, the company will pay out a percentage of the cover taken out depending on the type of surgery performed. This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.

Reimbursement of Outpatient Expenses
The company will reimburse the insured for outpatient expenses incurred as a result of an accident. This benefit is valid until the insured reaches the age of 65 or until the basic life insurance ends, whichever happens first.

Total Accident Protection
Combination of Accident Cover
  1. The company will pay out the entire cover to the beneficiaries in the event the insured dies as a result of an accident.
  2. The company will pay out the entire cover to the insured, in the event that he/she becomes totally and permanently disabled as a result of an accident, and is unable to work. If the insured becomes partially and permanently disabled the company will pay out a percentage of the cover.
  3. The company covers hospital expenses in Greece or abroad, in the event the insured is hospitalized as a result of an accident.
  4. The company will pay the insured a daily allowance in the event he/she is hospitalized as a result of an accident, for every day hospitalized as well as an amount equivalent to half the number of days hospitalized for recovery at home. The maximum number of days that the insured can be compensated is 360.
  5. The company covers outpatient expenses incurred by the insured as a result of an accident.

This benefit is valid until the insured reaches the age of 70 or until the basic life insurance ends, whichever happens first.
 
 
For more information please contact your Insurance Agent at insurance@ktimatoemporiki.gr
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