Income Protection Insurance in Cyprus

Plan A: Simple Income Protection Insurance

When, as a result of injury or illness, you become unable to work, we will pay you a monthly benefit for a period of up to 24 months. Also we offer a lump-sum in case of loss of life and of total or partial permanent disability due to accident.

Terms and conditions

• Insurance cover option up to 75% of declared income
• Minimum amount of coverage: €100
• People aged between 18 and 60 are insured.
• 14 or 30 days deductible period

Plan B: Income protection with hospital cash benefit

This plan offers a monthly benefit in case of hospitalization or of total disability to work due to injury or illness. This benefit may last up to 24 months.

Terms and conditions

• People aged between 18 and 59 are insured
• Coverage provided until the insured reaches the age of 60
• Minimum amount of coverage in case of disability to work: €200
• Minimum amount of coverage in case of hospitalization: €700.
• 14 or 30 days deductible period

Plan C: Income protection with surgical & hospital cash benefit

A flexible income protection plan with surgical and hospital cash benefit. This plan includes a lump-sum in case of total or partial permanent disability, monthly income protection and hospital cash benefit. There is also the option to add surgical cash benefit.

Terms and conditions

• People aged between 18 and 64 are insured
• Coverage provided until the insured reaches the age of 70
• Income protection from €100 (monthly)
• Hospital cash benefit from €100 (monthly)
• Surgical cash benefit from €100 (monthly)
• The monthly benefit will be paid for a period up to 24 months or until the insured’s 70th birthday.
• The benefit is paid from the 1st day of disability subject to the deductible period.
• When the home and work addresses are the same, then the first 10 days are not paid.
• For partial disability, 40% of the lump-sum compensation is paid.

Plan D: Income and Permanent Disability Protection

A comprehensive income and permanent disability protection plan, perfect for businessmen and self-employed people. There are three plans offering a lump-sum payment in case of permanent total and/or partial disability, monthly income protection insurance and medical coverage.