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LIFE INSURANCE

Failure to have adequate life insurance can cause immense financial suffering to those left behind. Pitsas Insurances offers competitive life insurance packages for those wanting to protect their family or loved ones in the event of death.

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WHY CHOOSE LIFE
INSURANCE WITH US

Considerable financial income for family members

Coverage of expenses for your children’s education

Immediate mortgage payment cover

Tax benefits and deductions

Connect the policy with your medical insurance and save up to 25%



Looking for more cover?

You can customize your life insurance policy by adding riders or special endorsements to enhance the policy to fit your specific needs.

FAQ

Frequently asked questions about this product.

Who can apply for life insurance?
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Anyone who has a permanent or temporary residence in Cyprus can apply for life insurance. The only requirement is a utility bill that clearly states the applicant’s name and home address.
Why get insurance in Cyprus?
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Life insurance in Cyprus is significantly cheaper than that offered in other European countries. The lower mortality cost is due to the high quality of life and high life expectancy.
What is the maximum amount I can be insured for?
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We have no specific maximum insurance limit. The insurance amount generally depends on the insurance purpose, your income, your age and your health state. In case we are unable to offer the maximum life insurance amount, we can suggest that our client purchases another insurance policy as a rider, like the total permanent disability or critical illnesses insurance.
Will I need to undergo medical exams?
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In case you are healthy regardless of your age, you are not obligated to undergo any medical exams. All we need from you is to truthfully and accurately reply to certain questions we will ask you. In case of a health issue, we might ask you to provide us with your latest medical exams.
I have taken out a loan and the bank claims I need to be insured with them.
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The bank cannot actually make you sign an insurance contract with the insurance company they are in partnership with. The Cyprus Competition Authority ensures the borrower’s right to find the insurance contract that better responds to their needs in terms of both coverage and cost.
What will happen if I just stop paying?
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Your coverage will simply be terminated with no additional costs. You need to keep in mind that if your insurance is assigned to the bank, you have no right to stop it without the bank’s consent. In case your insurance has surrender value, you can cash out your investment units based on the terms and conditions set by your contract.
What will happen if I skip a monthly instalment?
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In case you miss a payment, we will give you a month to pay. We will not freeze or terminate your contract.

Important articles:

10 Reasons to insure Your Life

We all try hard to materialise our dreams, accomplish our aims, create a safe environment for those we love and achieve a high standard of living.

Ready to talk to us? Interested in visiting?
Contact [email protected] or
call us on 700 70 500