Premium calculation · Life
Loan protection insurance
In our own estimate, the basic example costs from €227 to €251, depending on the company. From there, 4 tables with 14 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 8 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.
- Loan balance (€)
- 120000
- Years left
- 20 years
- Age
- 38
- Work
- Private-sector employee
- Borrowers
- One
- The reference tier
- Death
- €227 - €251
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 |
|---|---|---|---|
| DeathPays off the loan on death. · the reference tier | €227INTERSALONIKA | €251Allianz Ευρωπαϊκή Πίστη | +11%8 companies |
| Permanent disabilityPays off the loan if you can never work again, too. | €329INTERSALONIKA | €363Allianz Ευρωπαϊκή Πίστη | +10%8 companies |
| UnemploymentPays the instalments for a while if you lose your job. | €504INTERSALONIKA | €552Allianz Ευρωπαϊκή Πίστη | +10%8 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 × 0.64 to × 4.04 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 - 34 | × 0.73 | × 0.64 |
| 35 - 44 | × 1.00 | × 1.00 |
| 45 - 54 | × 1.42 | × 1.56 |
| 55 - 64 | × 2.20 | × 2.60 |
| 65 and over | × 3.28 | × 4.04 |
From × 0.76 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 |
|---|---|---|
| up to 5 years | × 0.82 | × 0.76 |
| 6 - 10 years | × 0.91 | × 0.88 |
| 11 - 20 years | × 1.00 | × 1.00 |
| over 20 years | × 1.09 | × 1.12 |
From × 0.94 to × 1.08 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 |
|---|---|---|
| private-sector employee | × 1.00 | × 1.00 |
| public servant | × 0.95 | × 0.94 |
| self-employed | × 1.06 | × 1.08 |
From × 1.00 to × 1.56 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 borrower | × 1.00 | × 1.00 |
| two borrowers | × 1.42 | × 1.56 |
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 |
|---|---|---|---|
| Death cover: 0.1% of €120,000on €120,000 | Pays off the loan on death., Pays off the loan if you can never work again, too., Pays the instalments for a while if you lose your job. | 1.49‰€178 · INTERSALONIKA | 1.61‰€194 · Allianz Ευρωπαϊκή Πίστη |
| Permanent disability cover: 0.1% of €120,000on €120,000 | Pays off the loan if you can never work again, too., Pays the instalments for a while if you lose your job. | 0.79‰€95 · INTERSALONIKA | 0.86‰€103 · Allianz Ευρωπαϊκή Πίστη |
| Unemployment cover: 0.1% of €120,000on €120,000 | Pays the instalments for a while if you lose your job. | 1.39‰€166 · INTERSALONIKA | 1.51‰€181 · Allianz Ευρωπαϊκή Πίστη |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Critical illnessRepayment on a diagnosis of cancer, heart attack or stroke: when the income stops, not when life does. | - | €59INTERSALONIKA | €69Allianz Ευρωπαϊκή Πίστη | +17%8 companies |
| Accidental deathDoubles the sum if death is by accident. | Pays the instalments for a while if you lose your job. | €22INTERSALONIKA | €25Allianz Ευρωπαϊκή Πίστη | +14%8 companies |
| Hospital cashA daily sum for every day in hospital, so no instalment is missed while you are away. | - | €47INTERSALONIKA | €55Allianz Ευρωπαϊκή Πίστη | +17%8 companies |
Minimum premium: from €25 to €29 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.