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.