What are Accumulative and Investment Life Insurance? Accumulative life insurance provides protection against unforeseen events such as death or disability, while also allowing the policyholder to accumulate funds over the duration of the policy. These funds can be used in the future for various purposes, including retirement provisioning, children’s education, or creating a financial safety…
Vehicle insurance plays a crucial role in providing safety and financial protection for car owners worldwide. Whether you’re behind the wheel of a personal car , the right insurance can provide you with peace of mind and protection in case of unexpected situations on the road. Compulsory Third Party Liability Insurance (CTPL): One of the…
In the wake of recent devastating storms, especially in Limassol, the importance of insurance in protecting both homes and businesses has been starkly illuminated. These natural disasters have left a trail of destruction, underscoring the critical need for comprehensive insurance coverage to mitigate financial losses and facilitate recovery efforts. For homeowners, insurance serves as a…
This week, as Valentine’s Day brings in a season of love and affection, we look into an unconventional yet profound connection – the relationship between love and insurance. Often perceived merely as a financial transaction, insurance, at its core, is a vibrant testament to care and foresight, a tangible expression of love. A Safety Net…
Personal Accident Insurance is a type of insurance policy designed to provide financial protection in the event of an accident that leads to bodily injury, disability, or death. Unlike health insurance, which covers medical expenses, it focuses on providing financial support for individuals and their families during challenging times.
HOW TO CHOOSE THE OPTIMAL PLAN FOR YOUR HEALTH? Choosing the optimal health insurance plan for yourself and your family is a crucial decision that requires careful consideration of various factors. Here are some steps to help you navigate the process: Assess Your Healthcare Needs: Consider the health needs of all family members, including any…
The holiday season is a time for joy, celebration, and creating cherished memories with loved ones. However, it’s also a period when the risk of accidents, particularly fires, tends to increase. As you prepare to decorate your home, cook festive meals, and engage in various activities, it’s crucial to prioritize safety. This article aims to…
Compulsory Insurance under Employer’s Liability legislation. The Social Insurance and Labor departments control all the registered companies in the Republic of Cyprus for specific insurance. This applies to any self-employed person or commercial brand that employs staff. Bear in mind that the authorities have access to information for the cancellation of these policies. What is…
Dance, a powerful form of artistic expression, encompasses a wide range of styles, from ballet to hip-hop, contemporary to ballroom. Dancers invest countless hours honing their craft, pushing their physical limits, and captivating audiences with their performances. However, amid the beauty and passion of dance, there are inherent risks, making insurance for dancers an essential…
Health insurance has become an essential aspect of modern life, offering financial security and access to quality healthcare services when needed. While health insurance primarily serves as a safety net for unforeseen medical expenses, it also plays a crucial role in promoting preventive care. In this article, we will delve into the significance of prevention…
The submission of personal income tax returns (TD1 and TD1 self-employed) for the year 2022 is extended until October 2, 2023. In Cyprus, the taxation of foreign individuals depends on their tax residency status. There are two main categories of tax residents in Cyprus: Cyprus Tax Residents: Individuals who spend more than 183 days in Cyprus…
In a world where unexpected disasters can strike at any moment, securing your property and assets is paramount. One such disaster that can cause irreparable damage is a fire and we all follow the dramatic news every summer here in Cyprus and Greece. Fires not only endanger lives but also destroy homes, businesses, and cherished…
Accidents happen all the time, even to people who live relatively risk-free lives. Summertime is usually connected with much more activities – during vacations, during renovations at home, etc. Imagine a beautiful sunny day and you are heading out on a bike trip feeling so excited to get out there and enjoy life. But after…
Travel insurance typically consists of three different levels of coverage: Emergency medical, trip protection, and a comprehensive or inclusive plan that combines both. EMERGENCY MEDICAL TRAVEL INSURANCE Emergency medical travel insurance protects you if you get sick or injured during your trip. Without medical insurance, you could be stuck paying out hundreds of thousands of…
A Professional Indemnity Policy, also known as Errors and Omissions (E&O) insurance, is a type of liability insurance designed to protect professionals and companies from claims made by clients or third parties for professional negligence, errors, or omissions in the services or advice they provide. Professionals in various fields, such as doctors, lawyers, architects, engineers,…
Disability insurance provided by an employer is a type of insurance coverage that protects employees in the event they become disabled and are unable to work due to illness or injury. It is designed to replace a portion of the employee’s income while they are unable to work, helping them cover essential expenses during their…
With critical illness insurance, you get a tax-free lump sum if you are found to be suffering from a critical illness or a medical condition during the time period of the policy. Medical expenses, especially those from a severe or critical illness, can be difficult to predict. And even with health insurance, they can place…
Life insurance is an essential financial tool that provides protection and security to your loved ones in the event of your passing. While it may seem like an additional expense, there are seven compelling reasons why you can’t afford NOT to have life insurance: While the specific coverage and premiums will vary depending on factors…
Any business that uses technology or collects data is at risk of a cyber-attack, and the results can be catastrophic. Without securing a dedicated cyber policy, most businesses likely do not have adequate insurance coverage following a data breach. Cyber insurance can be essential in helping your company recover after a data breach, with costs…
Train Carefree, Live with Dignity! Είσαι Επαγγελματίας Γυμναστής (personal trainer); Έλαβες τα μέτρα σου σε περίπτωση που δεν μπορείς να εξασκήσεις το επάγγελμα σου; Για το οποίο επένδυσες χρόνο, χρήμα, κόπους & θυσίες! ● ΑΠΩΛΕΙΑ ΚΑΡΙΕΡΑΣ ● ΠΡΟΣΚΑΙΡΗ ΑΠΩΛΕΙΑ ΜΙΣΘΟΥ ● ΜΟΝΙΜΗ ΑΠΩΛΕΙΑ ΜΙΣΘΟΥ ● ΜΟΝΙΜΗ Ή ΜΕΡΙΚΗ ΟΛΙΚΗ ΑΝΙΚΑΝΟΤΗΤΑ ● ΣΟΒΑΡΗ ΑΣΘΕΝΕΙΑ Έκανες Όνειρα…
In its simplest form, insurance promises that if you ever suffer from a loss or peril, you will be financially reimbursed by an insurance carrier. Insurance revolves around the Principle of Indemnity which is to compensate or secure the policyholder in the same financial position prior to the event of a loss. In other words,…
The global insurance market prediction analysis of Deloitte’s insurance group for 2023 is already published – 2023 INSURANCE OUTLOOK – “GLOBAL INSURANCE INDUSTRY AT A CROSSROADS TO SHAPING LONG-TERM SUCCESS”. In the dynamic environment of the world that we live in, one of the best things your company can do is keep up with industry…
This week we will “open the door” to the last month of 2022 – December. As the calendar year finishes very soon, take the time to look at your insurance policies to see if there are any last-minute items you can take advantage of, as well as review your policies to make sure they are…
Rain can be a nightmare for homeowners with the beginning of the winter season in Cyprus. There are various ways water damage can ruin your home, so some home insurance claims often involve rain — in many forms. You can do many things to help prevent rain-related home insurance claims, such as keeping your gutters…
Business owners’ insurance is a must nevertheless you’re just starting out or have been open for 20+ years, if you’re an individual or have employees, having a business owners policy in place is your first step to making sure you’re covered. It can combine a number of risks covered such as: Property – The physical…
The importance of health insurance can never be exaggerated enough. Life is unpredictable, and one disease can change your life within minutes. You not only need emotional strength to fight the situation, but you also need to have financial stability and only a health insurance plan can provide you with the same. There are many…
School insurance plans vary, but one thing is for sure, you have no control over the type of plan they offer and the plan benefits. You will also be unable to change, adjust or pick a better plan that suits your needs. With your own health insurance, you have the freedom to choose any insurance…
Working as a freelancer, makes you feel free to manage your business and workflow and life, but it also makes you vulnerable. Freelancing comes with a degree of risk. And making do without the security of an employer means you need all the help and support you can get. However, getting that support isn’t as…
Unfortunately, the most common place for accidents to happen is in the home. There are a big number of deaths in the home every year as a result of an accident. Some accidents are completely unavoidable and can take you by complete surprise. Yet, it’s arguable that a lot of them in the home could…
Life insurance is not usually one of these items included in our task lists. We are healthy and life goes at its normal pace. That’s why we want to remind you that there are some key events in a person’s life that have to trigger the alert of reviewing your life insurance policy. It isn’t…
Pedestrians, cyclists, and motorcycle riders also share the roadways with all vehicle operators on a daily basis. These road users have less protection than drivers of other types of vehicles. Be cautious when operating your vehicle around pedestrians, cyclists, and motorcycle riders. Here are some tips to help you drive safely when there are motorcycles…
Are you thinking about buying a caravan and exploring the adventure to travel around the island or abroad? Everyone loves to travel and get away from it from time to time. Unfortunately, this usually requires considerable planning. If you’re planning to go on holiday, you need to book flights, hotels, car hire, dinner and more.…
We would like to remind you that the Income Tax Declaration for individuals (TD.1 form) for the tax year 2021, is made available to the TaxisNet system.
Just a day after the Sunday when we cherish all the women who are mother figures let’s remind briefly the origin of this celebration.
If you follow some basic advice that every insurance agent will give you then domestic insurance claims shouldn’t be a problem.
Gorgeous spring blooms and perfectly mild weather are just two of the reasons why Easter is the perfect time to travel. Planning ahead is a must to have a wonderful vacation and we know that you already have done it. Unfortunately, in the latest years, we have to monitor also the requirements for travel recommendations…
During the COVID crisis, a lot of companies felt the necessity to diversify the activities of their business and to transfer them online or at least a part of them. More than ever shops felt the urge to build their online presence solely or parallel with the existing store. There are over 2.14 billion active…
If you live alone, perhaps you would think that having life insurance is not so important. You don’t have to secure anyone in case something unexpected happens with your life. But let me show you some situations when getting a life insurance policy makes sense. 1. You have student loan debt – usually, your parents…
As companies extend their commitment to remote workforces, they must also find ways to address their increasing exposure to cyber-related risks. The speed at which organizations have made the transition to a digital business environment has given rise to new and unique challenges that they must face head-on to protect vital and sensitive business information.…
We show our love and support in countless ways. Are you showing your loved ones how much they mean to you by protecting them with life insurance?
It is really easy to behave smart and protect your new business – the stock, the premises, the personnel, the administrative mistakes and even to ensure the loan you took from the bank. Contact us today to prove to you how we can take the everyday worries from your shoulders and for you to remain just the joy from running your business and grow!
Life insurance is one of the most misunderstood topics that come with “adulting”. Life insurance is valuable at ANY stage of life. Beyond things like final arrangements and funeral costs, have you thought about other possibilities like the debt your family could be stuck with, for instance? Scary, right?
This insurance is obligatory for every foreign national who is not a citizen of a European Union country, and for anyone who wishes to stay in Cyprus for a duration longer than that allowed by their tourist visa. It is, for example, obligatory for any citizen who has applied for a pink slip, permanent residency status, or a work visa.
The encouragement and support of all the present guests undoubtfully inspire and motivate our team to do the best in our endeavor and to continue providing services with professionalism to all the customers whom we cordially thank and appreciate their support during the last 15 years.
Today am taking the opportunity to inform you about the updates on Cyprus tax legislation, which took place in November 2019 and are already in force.
I strongly advise you to take advantage and use your tax margin with a savings insurance product, to benefit from the tax refund, change tax scale and plan your future with us, taking all the benefits you deserve.
