Premium calculation · Life
Life insurance
In our own estimate, the basic example costs from €187 to €210, depending on the company. From there, 4 tables with 17 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.
- Age
- 38
- Smoker
- No
- Term
- 20 years
- Sum insured (€)
- 150000
- Who is insured
- Just me
- The reference tier
- Plain life cover
- €187 - €210
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 |
|---|---|---|---|
| Plain life coverPays on death, for as many years as you choose. · the reference tier | €187Interamerican | €210Εθνική Ασφαλιστική | +12%10 companies |
| With disabilityPays on permanent disability as well. | €208Interamerican | €235Εθνική Ασφαλιστική | +13%10 companies |
| With critical illnessPays on the diagnosis of a serious illness as well. | €244Interamerican | €275Εθνική Ασφαλιστική | +13%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 × 0.54 to × 5.16 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERSALONIKA | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 18 - 29 | × 0.65 | × 0.54 |
| 30 - 39 | × 0.77 | × 0.70 |
| 40 - 44 | × 1.00 | × 1.00 |
| 45 - 49 | × 1.23 | × 1.30 |
| 50 - 54 | × 1.57 | × 1.76 |
| 55 - 59 | × 2.08 | × 2.44 |
| 60 - 64 | × 2.86 | × 3.48 |
| 65 and over | × 4.12 | × 5.16 |
From × 1.00 to × 1.74 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERSALONIKA | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| non-smoker | × 1.00 | × 1.00 |
| smoker | × 1.55 | × 1.74 |
From × 0.82 to × 1.12 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERSALONIKA | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| 5 years | × 0.87 | × 0.82 |
| 10 years | × 0.93 | × 0.90 |
| 15 years | × 0.97 | × 0.96 |
| 20 years | × 1.00 | × 1.00 |
| 30 years and over | × 1.09 | × 1.12 |
From × 1.00 to × 1.60 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERSALONIKA | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| one person | × 1.00 | × 1.00 |
| joint policy for a couple | × 1.45 | × 1.60 |
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 |
|---|---|---|---|
| Sum insured: 0.1% of €150,000on €150,000 | Pays on death, for as many years as you choose., Pays on permanent disability as well., Pays on the diagnosis of a serious illness as well. | 1.09‰€163 · INTERSALONIKA | 1.18‰€177 · Allianz Ευρωπαϊκή Πίστη |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Accidental deathDoubles the sum if death is by accident. | Pays on the diagnosis of a serious illness as well. | €22INTERSALONIKA | €25Allianz Ευρωπαϊκή Πίστη | +14%10 companies |
| No premiums while you cannot workIf you become disabled, the company pays the premiums and the policy continues. The cover that saves the policy itself at the worst moment. | Pays on permanent disability as well.Pays on the diagnosis of a serious illness as well. | €33INTERSALONIKA | €39Allianz Ευρωπαϊκή Πίστη | +18%10 companies |
| Children's coverA small sum for each child, with no separate policy. | - | €18INTERSALONIKA | €21Allianz Ευρωπαϊκή Πίστη | +17%10 companies |
| Hospital cashA daily sum for every day in hospital, whatever the health insurance pays. | - | €47INTERSALONIKA | €55Allianz Ευρωπαϊκή Πίστη | +17%10 companies |
Minimum premium: from €35 to €41 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.