Basic life policy for a fixed period of time, whereby the premium decreases every year and does not acquire maturity or surrender value on expiration.
Aimed at: 
Individuals from 20 to 65 years of age provided that upon the expiration of the credit facility enjoyed, the insured does not exceed the age of 80
Covers:
Secures loan / credit facility payments following the death of the borrower
It may provide cover in the event of a total permanent disability and even waive the obligation of the insured for further premium payment - This is optional at extra cost
Income tax exemption on premium payments
Duration of cover from 10 years up to 40 years
Indicative Yearly Premium:
The cover for €100,000 loan with 5.75% interest, plus risk margin 1.00% is €7,624 
Duration of cover 30 years, male insured aged 35
Yearly premium €370.39 including policy fee

 

Alpha Term Convertible

Basic life policy covering a specific period of time and does not acquire maturity or surrender value.
Aimed at: 
Individuals aged 18 to 65
Covers:
Secures loan / credit facility payments following the death of the borrower
Can be converted to a unit linked policy with no medical examination requirement 
Income tax relief on premium payments
Duration of cover from 5 years up to the age of 70 
Minimum monthly premium €20.50
Indicative Yearly Premium:
Sum Insured €170,860 for duration 30 years, male insured aged 35
Yearly premium €666.35 including policy fee

Alpha Studies Option (Epiloges Spoudon)

Investment policy combining cover for loss of life and investment with the aim of generating capital to ensure your children’s higher education.
Aimed at:
Individuals up to the age of 65
Covers:
In the event of loss of life of the insured parent prior to the commencement of the child’s professional studies, this cover ensures monthly income for the child until the commencement of their studies
Aims to provide funds to finance a child’s professional education whether the insured parent is alive or dead at the time the child begins studying
Creates an irrevocable trust in favor of the child, allowing the insured parent, at the same time, to collect the benefit, if contrary to their wish, the child refuses or fails to study 
Should the insured parent become totally disabled to exercise their occupation, their obligation to pay the premium will be waived and the premium will be paid by Alpha Insurance
Income tax relief on premium payments
Duration of plan:
From 10 to 25 years
Indicative Yearly Premium:
Minimum monthly premium €42.71

Alpha Pension Plan

Investment policy combining both cover for loss of life and capital for retirement purposes.
Aimed at: 
Individuals of any age up to 65
Covers:
High return from investments according to the funds chosen by the Insured 
The Insured can improve their standard of living on retirement
May chose the amount and frequency of payments made on retirement 
Income tax relief
Duration of plan:
From 10 – 47 years
Indicative Yearly Premium: 
Minimum monthly premium €42.71

Alpha Life Options (Epiloges)
Flexible savings and investment life policy, best for both conservative to very high returns.
Aimed at:
Individuals up to 65 years of age
Covers:
Provides choice of participating in 4 investment funds of different investment risks and performance profiles 
Option to switch to different funds
May choose amount of cover and premium
Option of additional payments into the investment funds 
Option to withdraw funds at any time
Income tax relief
Duration of plan:
From 10 – 47 years
Indicative Yearly Premium: 
Minimum monthly premium €42.71

Alpha Optima

Investment policy combining both cover for loss of life and investment mainly in shares.
Aimed at: 
At individuals up to 60 years of age
Covers:
High returns from investments in the “OPTIMA” fund
Bonus on units and bonus on expiration
Income tax relief
Duration of plan:
From 10 – 40 years
Indicative Yearly Premium:
Minimum monthly premium €35.88

 

Contemporary insurance policy combining both savings with guaranteed returns on maturity and on life policy.
Aimed at:
Individuals up to 55 years of age
Covers: 
Minimum Guarantee return of 3% on savings
Minimum duration of cover 10 years 
Maximum cover up to 85 years of age
Income tax relief
Indicative Yearly Premium:
Minimum monthly premium €25.62 (€307.44 yearly)

Alpha Student Medical

Aimed at: 
Cypriot students aged 18 to 29 studying in Cyprus and/or Greece and at foreign students studying in Cyprus.
Covers:
Reimbursement of medical expenses in 3 different categories:
Basic – In-patient medical treatment in Cyprus.
Extended - In-patient medical treatment in Greece.
Full – In-patient and Out-patient medical treatment in both Cyprus and Greece.
Indicative Yearly Premium:
€119.60 Basic cover
€230.66 Extended cover
€341.72 Full cover

Alpha Alien Medical

Aimed at:
Employers of foreign personnel / workers in Cyprus aged between 18 and 64.  This insurance cover is obligatory and a prerequisite for the Authorities for the issue of a certificate of entry, or for renewing the residency and work permit in Cyprus.
Covers:
Provides the choice of in-patient and/or out-patient medical treatment.
Indicative Yearly Premium:
From €153.77 (in-patient only)
From €205.03 (in and out-patient only)