Alpha Businessman Insurance

Ensure your business loan repayment, at low cost, in case of unexptected events.

Low premium starting from €1.60 per thousand of the insured amount

Semi-annual premium payment

Protection of insured person and beneficiaries

Protection of your loan repayment

Alpha Businessman Insurance is a specially designed business loan repayment protection plan at low cost. The aim of the plan is to ensure repayment of the loan in case of unexpected events, whilst allowing the insured person or his/her beneficiaries to obtain an additional amount.

The insurance plan covers the insured individual for the risk of death or Permanent Total Disability for employment purposes as defined here below, whichever occurs first:
- Loss of life by the age of 70 at the last birthday of the insured: Amount of the unpaid facility plus accrued interest, up to a maximum of €300,000 per person.
- Permanent Total Disability due to accident or illness by the age of 65 at the last birthday of the insured: Amount of the unpaid facility plus accrued interest, up to a maximum of €300,000 per person.
The insurance company undertakes to pay the insured capital to the Bank and any balance to the legal heirs of the insured, in case of death, or to the insured individual himself/herself in case of Permanent Total Disability.
Indicative Premium: From €1.60 per thousand of the insured amount up to the age of 30, thereafter increasing with age.
The premium is paid semi-annually.

Addressed to legal entities (companies) which maintain credit facilities.
The insurance policy must be in the name of an active shareholder of the company aged between 18 and 69.
The maximum age for subscribing to the plan is 60 (age at last birthday).
The insurance period is compulsory until full repayment of the loan.

INDIVIDUALS BUSINESS INTERNATIONAL MYALPHA ACQUISITION AGREEMENT Ex-ASTROBANK THE BANK

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