Life Insurance with Riders

The Pitsas Insurance's life insurance plans provide you with the option of additional coverage according to your special needs. At a very low cost, we offer you the option of riders to your life insurance covering serious illnesses, total permanent disability insurance and income protection.

The additional benefits we offer are the following:

Accidental Death Insurance
Waiver of Premium Payments
Critical illness
Total and permanent disability insurance
Income Protection

Accidental Death Insurance

In case of the insured’s accidental death, our company undertakes to pay to his/her heirs the benefit the insured has chosen.

Terms and conditions:

People aged between 10 and 60 are insured
Coverage provided until the insured reaches the age of 65
The benefit is paid provided the loss of life occurred within 90 days from the day of the accident.

Waiver of Premium Payments

Waiver of Premium Payments in case of death or of permanent and total disability

Terms and conditions:

People aged between 20 and 55 are insured.
Coverage provided until the insured reaches the age of 65.
The benefit is paid until expiration of the policy or until the disability ceases or until the anniversary following the insured’s 65th birthday.
It is activated in case of total and permanent disability that lasts more than 6 months.

Critical illness

In case of a critical illness, as these are recorded below, the insured will receive the amount of compensation he has selected.

Cancer
Heart attack
Coronary heart disease
Stroke
Kidney failure
Human organs’ transplant
Blindness due to disease

Terms and conditions:

People aged between 20 and 64 are insured
Coverage provided until the insured reaches the age of 65
Amount of cover: Equal to the main capital payable on death with a maximum of €100.000.
The amount of cover is paid to the insured provided he is still alive 30 days after the date of the diagnosis or of the surgery.
Waiting period: 3 months from the policy’s effective date or its reinstatement

Definition of Permanent Total Disability

It is the complete inability of the insured to carry out his usual work.
It also includes the permanent loss of vision in both eyes.
Finally, we recognize as permanent total disability the loss of both arms or both legs or one arm above the wrist and one leg above the ankle.

Benefit of permanent total disability

In case of permanent total disability due to illness or accident the insured will be paid the amount of cover he/she has chosen.

Terms and conditions:

Possibility to choose insured coverage up to €1,000,000
People aged between 18 and 60 are insured
Coverage provided until the insured reaches the age of 65
The first installment is paid after 6 months of disability
The second installment is paid after 18 months of disability

Monthly Allowance due to Permanent Total Disability

In case of permanent total disability, our company ensures the payment of a monthly allowance until the insured dies.

Terms and conditions:

People aged between 20 and 59 are insured
The company pays a monthly allowance until the policy’s expiry date or until the insured dies, whichever comes first
Coverage provided until the insured reaches the age of 65
Minimum monthly allowance:€150