Critical Illness Insurance


What is Critical Illness Insurance?

The current way of life, diet, fast pace of everyday life, stress and anxiety are often the cause of serious diseases. The aim of critical illness insurance, is the financial support of the insured and his family, after the diagnosis of a serious disease or critical illness, a serious injury or a serious state of health. After the occurrence of a critical illness or serious health condition, despite the psychological support, the insured person needs immediate capital for survival and costs for changes in his everyday life.

The insured value that has been agreed is paid regardless of whether there is hospitalization of the insured or not and usually is paid either in lump sum (one installment) one month after the date of diagnosis, or gradually (in installments). It is not compulsory for a public service to verify the seriousness of the insured’s state of health.

How much critical illness insurance cover can someone get? 

The amounts that someone can be covered for critical illness insurance starting from 10.000 € and can overcome 1.000.000€.

Critical Illness insurance can be a stand-alone policy?

The insurance for critical illnesses can be incorporated into a health/ life insurance policy or can be a standalone contract. Additionally, if someone has a health insurance policy and coverage for critical illnesses, beyond the hospital expenses that will be covered for the improvement of his health condition, he will also receive the agreed capital from the cover of serious diseases.

Which cases are covered:

Cases of serious illness covered by a serious illness insurance policy are indicative: Myocardial infarction, Coronary heart disease requiring surgery (at least double bypass), Stroke, Cancer, Blindness, Basic organ transplant, Cardiac valve surgery, Aortic surgery, Systemic scleroderma, Εnd-stage liver cirrhosis, Heavy burns of 3rd degree, Multiple Sclerosis, Parkinson’s Disease, Alzheimer’s Disease, Severe Dementia, Paralysis (unable to use limbs), Major head trauma, Loss of limbs, HIV, deafness, renal failure, paraplegia, quadriplegia etc.

What ages can be insured with a Serious Illness Insurance policy?

The ages covered by a serious illness insurance policy are usually 18 to 65 years old, with a maximum age of onset of 60 years. In addition, is possible to give coverage to children from 1 year to 17 years old (CNP insurance)

What is the premium for a Critical Illness Insurance policy?

Plan A

Critical Illnesses covered in Plan A:

  • Malignant neoplasm (cancer)
  • Myocardial infarction
  • Coronary artery bypass (by pass)
  • Stroke
  • Chronic kidney failure
  • Organ transplantation
  • Multiple Sclerosis
  • Blindness
  • Loss of limbs
  • Paralysis of limbs
  • Severe burns

Indicative annual premium for 50.000€ coverage:

  • 20 years old – from 46€
  • 25 years old – from 67€
  • 30 years old – from 99€
  • 35 years old – from 160€
  • 40 years old – from 273€
  • 45 years old – from 451€
  • 50 years old – from 790€
  • 55 years old – from 1.243€
  • 60 years old – from 1.870€

(The pricing concerns the program “Full” by Ethniki Insurance, which can be given either as it is or as a supplementary provision of hospital care)

Plan B

Critical Illnesses covered in Plan:

  • Cancer
  • Heart attack
  • Coronary Bypass Surgery
  • Cardiac Valve Surgery
  • Aortic Surgery
  • Severe Coronary Heart Disease
  • Stroke
  • Renal failure
  • Aplastic Anemia
  • Blindness (Loss of Vision)
  • Lung disease in its final stage
  • End-stage liver failure
  • Coma
  • Deafness (Hearing Loss)
  • Loss of Voice
  • Significant Burns
  • Important Organ Transplant
  • Multiple Sclerosis
  • Paralysis (Loss of use of limbs)
  • Parkinson’s disease
  • Alzheimer’s disease / Severe Dementia (before age 60)
  • Lightning Hepatitis
  • Primary Pulmonary Hypertension
  • Benign Brain Tumor
  • Encephalitis
  • Polio
  • Bacterial Meningitis
  • Major Head Trauma
  • Responsive Negativity Syndrome
  • Progressive Scleroderma
  • Systemic lupus erythematosus with lupus nephritis

Indicative annual premiums for 10.000€ coverage:

  • 18 years old – from 36€
  • 26 years old – from 57€
  • 31 years old – from 77€
  • 36 years old – from 102€
  • 41 years old – from 136€
  • 46 years old – from 182€
  • 51 years old – from 244€
  • 56 years old – from 339€
  • 61 years old – from 471€
  • 66 years old – from 655€
  • 71 years old – from 909€
  • 74 years old – from 1.108€

(The premiums are for the program Extra 31 by Metlife Insurance)