Premium calculation · Income
Income protection insurance
In our own estimate, the basic example costs from €707 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, at another height.
The prices are our own estimates, and they can be wrong. They are not offers or an official ranking, and we sell no insurance. The algorithm is public. Why
The prices of each company are our own estimate. They come from our own research of the market and our judgement as people of the industry. They are not a price that the company publishes. We can be wrong, and the order of the ranking is more reliable than the exact price. Only the company gives the real price, with all your details. None of the 10 companies gave us a price.
The reference case
The price of the example is the one the comparison shows for these answers: the base of each company, the rates on the sums insured, the factors and the extra covers of the example.
- Amount you get each month (€)
- 1,200
- Age
- 38
- Occupation
- Office work, professions
- Waiting period
- 3 months
- The reference tier
- Up to 24 months
- €707 - €773
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 |
|---|---|---|---|
| Up to 12 monthsIt pays for one year at most. | €458Μινέττα Ασφαλιστική | €502Allianz Ευρωπαϊκή Πίστη | +10%10 companies |
| Up to 24 monthsThe middle excess. · the reference tier | €707Μινέττα Ασφαλιστική | €773Allianz Ευρωπαϊκή Πίστη | +9%10 companies |
| Until 65Pays however long it lasts, up to 65. | €1,286Μινέττα Ασφαλιστική | €1,402Allianz Ευρωπαϊκή Πίστη | +9%10 companies |
The factors
Every insurer has the same bands, but its own 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 with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 18 - 29 | × 0.82 | × 0.76 |
| 30 - 39 | × 1.00 | × 1.00 |
| 40 - 49 | × 1.27 | × 1.36 |
| 50 - 59 | × 1.72 | × 1.96 |
| 60 and over | × 2.32 | × 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 with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| class 1: office | × 1.00 | × 1.00 |
| class 2: light manual | × 1.18 | × 1.24 |
| class 3: driving, trades | × 1.42 | × 1.56 |
| class 4: heavy manual | × 1.84 | × 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 with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 1 month's wait | × 1.24 | × 1.32 |
| 3 months' wait | × 1.00 | × 1.00 |
| 6 months' wait | × 0.85 | × 0.80 |
Rates on the sums insured
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 |
|---|---|---|---|
| Up to 12 months of payments (one year of payments): 2.8% of €14,400on €14,400 | It pays for one year at most. | 27.72‰€399 · Μινέττα Ασφαλιστική | 30.1‰€433 · Allianz Ευρωπαϊκή Πίστη |
| Up to 24 months of payments (one year of payments): 4.5% of €14,400on €14,400 | The middle excess. | 44.55‰€642 · Μινέττα Ασφαλιστική | 48.38‰€697 · Allianz Ευρωπαϊκή Πίστη |
| Payments up to age 65 (one year of payments): 8.4% of €14,400on €14,400 | Pays however long it lasts, up to 65. | 84.15‰€1,212 · Μινέττα 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 |
|---|---|---|---|---|
| Yearly rise of the amountThe monthly sum rises every year while it is paid, so a benefit that started in 2026 is still worth something in 2036. | - | €12Μινέττα Ασφαλιστική | €14Allianz Ευρωπαϊκή Πίστη | +17%10 companies |
| Hospital cashA daily sum for every day in hospital, from the first day and before the benefit starts. | - | €47Μινέττα Ασφαλιστική | €55Allianz Ευρωπαϊκή Πίστη | +17%10 companies |
| No premiums while you cannot workWhile 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. | €33Μινέττα Ασφαλιστική | €39Allianz Ευρωπαϊκή Πίστη | +18%10 companies |
Minimum premium: from €26 to €31 depending on the company. No price falls below its own.
Instalments: in two halves the year costs 8% to 8% more, and in four quarters 16% to 16%, by company.