Premium calculation · Income
Income protection insurance
The reference case costs from €733 to €773 depending on the company. From there, 3 tables with 12 bands in all raise or lower the price - the same steps at every company, a different height.
The reference case
Every factor below is 1.00 for this case. Its price is each company's base, plus the rates on the sums it declares.
- Monthly benefit (€)
- 1,200
- Age
- 38
- Occupation
- Office work, professions
- Waiting period
- 3 months
The tiers
The price of the basic example by tier, base and percentages on the sums insured, at the company with the cheapest and the company with the dearest estimate.
| Plan | Cheapest | Dearest | Spread |
|---|---|---|---|
| 12 months of benefitThis is the cheapest option. | €476ERGO Ασφαλιστική | €502Allianz Ευρωπαϊκή Πίστη | +5%7 companies |
| 24 months of benefitThis is the usual choice. · the reference tier | €733ERGO Ασφαλιστική | €773Allianz Ευρωπαϊκή Πίστη | +5%7 companies |
| Until 65Pays however long it lasts, up to 65. | €1,334ERGO Ασφαλιστική | €1,402Allianz Ευρωπαϊκή Πίστη | +5%7 companies |
The factors
The same bands at every insurer, different coefficients
Every figure is one table of the calculation. The two columns in each band are the cheapest and the dearest estimate for the basic example.
From × 0.76 to × 2.76 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table behind the figure
| Band | ERGO Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 18 – 29 | × 0.79 | × 0.76 |
| 30 – 39 | × 1.00 | × 1.00 |
| 40 – 49 | × 1.32 | × 1.36 |
| 50 – 59 | × 1.84 | × 1.96 |
| 60 and over | × 2.54 | × 2.76 |
From × 1.00 to × 2.12 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table behind the figure
| Band | ERGO Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| class 1: office | × 1.00 | × 1.00 |
| class 2: light manual | × 1.21 | × 1.24 |
| class 3: driving, trades | × 1.49 | × 1.56 |
| class 4: heavy manual | × 1.98 | × 2.12 |
From × 0.80 to × 1.32 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table behind the figure
| Band | ERGO Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 1 month's wait | × 1.28 | × 1.32 |
| 3 months' wait | × 1.00 | × 1.00 |
| 6 months' wait | × 0.83 | × 0.80 |
Rates on declared sums
Whatever is priced on a sum you declare, the value, the building, the capital, enters the price before the factors.
| Cover | In tiers | Cheapest | Dearest |
|---|---|---|---|
| 12 months of benefit, on a year's benefit, 2.9% on €14,400on €14,400 | This is the cheapest option. | 28.7‰€413 · ERGO Ασφαλιστική | 30.1‰€433 · Allianz Ευρωπαϊκή Πίστη |
| 24 months of benefit, on a year's benefit, 4.6% on €14,400on €14,400 | This is the usual choice. | 46.13‰€664 · ERGO Ασφαλιστική | 48.38‰€697 · Allianz Ευρωπαϊκή Πίστη |
| Benefit until 65, on a year's benefit, 8.7% on €14,400on €14,400 | Pays however long it lasts, up to 65. | 87.13‰€1,255 · ERGO Ασφαλιστική | 91.38‰€1,316 · Allianz Ευρωπαϊκή Πίστη |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Benefit indexationThe monthly sum rises every year while it is paid, so a benefit that started in 2026 is still worth something in 2036. | - | €13ERGO Ασφαλιστική | €14Allianz Ευρωπαϊκή Πίστη | +8%7 companies |
| Hospital cashA daily sum for every day in hospital, from the first day and before the benefit starts. | - | €50ERGO Ασφαλιστική | €55Allianz Ευρωπαϊκή Πίστη | +10%7 companies |
| Waiver of premiumWhile the benefit is paid, you pay no premiums. Without it, the policy charges you while it pays you. | Pays however long it lasts, up to 65. | €36ERGO Ασφαλιστική | €39Allianz Ευρωπαϊκή Πίστη | +8%7 companies |
Minimum premium: from €28 to €31 depending on the company. No price falls below its own.