“What if something happens to me during the loan period and I am unable to pay the monthly instalment? What happens next? How will I repay my loan?

You don’t have to worry anymore. Citibank in association with ALICO AIG Life has created the innovative Smart Plan program which allows you to cover your loan through an insurance coverage plan for the repayment of your loan, with a low monthly insurance payment amount.

That way, no matter what happens, your loan payments will be made on time.
Your participation in this insurance program is optional.

A. Services Offered / Benefits

1. Life Insurance
In case of death of the insured borrower from any cause (accident or illness), ALICO AIG Life will deposit to Citibank International plc the remaining capital of the loan upon the death of the insured and up to € 50.000.

2. Permanent Total Handicap Insurance
In the case the insured becomes permanently and totally handicapped from an accident or illness during the insurance period and this handicap has a duration of at least 13 months and continues to be permanent and total at the end of this period, then ALICO AIG Life will deposit the remaining capital of the loan, which has incurred since the date of the insured’s risk occurrence, to Citibank International Plc and up to € 50.000.

3. Temporary Total Inability to Work Insurance
In case the insured borrower becomes temporarily and totally unable to work, an amount equal to 1/30 of the monthly instalments of the loan for every day of inability exceeding the 30 days, with a maximum monthly amount of 2.200,00€ and for a time period which cannot exceed 12 months, will be deposited by ALICO AIG Life to Citibank International Plc.

4. Medical and Pharmaceutical Expenses from an Accident (within and outside a hospital)
In case the insured borrower, due to physical injury from an accident incurs expenses within 90 days from the accident date, such as treatment from a doctor or a surgeon, hospital treatment, x-rays and laboratory examinations, purchases of medicine from a doctor’s prescription, ambulance use, fees for a qualified nurse within the hospital, then ALICO AIG Life will pay these expenses to the insured, with a maximum 10% limit of the initial loan amount of the accident.

Β. Who are the beneficiaries of this insurance program

All Citibank customers who have been granted a personal loan from the bank, and are in good health have the right
to be insured in this program under the following conditions:

1. For Life Insurance

a. Death from Illness
They must be over 20 years of age during the date of loan contract and less than 70 years of age
upon the expiration of the loan.
b. Death from an Accident
They must be over 20 years of age during the date of loan contract and less than 78 years of age upon
the expiration of the loan.

2. For Insurance of Permanent Total Handicap
They must be over 20 years of age during the date of loan contract and less than 65 years of age upon the expiration
of the loan.

3. For Temporary Total Inability to Work
They must be over 20 years of age during the date of loan contract and less than 65 years of age upon the expiration
of the loan and they must be in the active workforce and practice a profession or work for wages or profits.

4. For Medical and Pharmaceutical Expenses from an Accident
They must be over 20 years of age during the date of loan contract and less than 78 years of age upon the expiration
of the loan.

C. When does the Coverage begin

The coverage begins from the date which the loan is withdrawn under the condition that the insurance application – acceptance statement of the contract terms and statement of good health condition - has been filled out and signed.

Learn more about the Smart Plan program:

• At a Citibank branch near your
• By calling 801 11 801 801