Life Insurance with ADVANCE

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As of July 30 2024, OTP Bank Romania is owned by Banca Transilvania and is no longer affiliated with OTP Group. The OTP brand is used under a temporary license. Visit the Questions and Answers section for more information.

„Life Insurance with ADVANCE” offers you and your family the help you need to overcome the unforeseen situations more easily.

In the case of diagnosis with a critical illness, we provide you the necessary financial resources, and in case of death, we offer a more financially secure future for your loved ones.

 

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Which are the covered risks?

  • Critical illness – 50 % of the insured amount is granted, advance of the insured amount mentioned for death 

  • Death by illness or accident – 100% of the insured amount. If the advance of 50 % has been granted, the insured amount available for death caused by illness or accident is a maximum of 50 %.

Which are the benefits of insurance?

  • in case of death caused by illness or accident, your loved ones will receive the full insured amount

  • in case of diagnosis with a critical illness, you will receive half of the insured amount

  • flexibility to choose the appropriate amount ceiling for you, up to 3 times the insured amount 

  • monthly fixed rate for the entire period of contract

  • payment of the insurance premium is made by the monthly debiting your current account (if you are also the insurance contractor)

How can you benefit from an AVANS product?

  • you are between 18 and 55 years old at entry into insurance

  • you or a family member have/has a current account opened at OTP Bank

  • you fill out the insurance application containing a questionnaire regarding your health condition

How do you get life Insurance with ADVANCE?

Come to the OTP Bank branch

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