Health & Protection in Cyprus

Taking care of your health, your family and your assets should be your number one priority no matter where you are, but more so if you’re an expat living away from home. Thankfully, finding the right insurance services in Cyprus is not so difficult, as their insurance industry is quite big. There are several options for expats in the country for insurance policies and there are also associations that help regulate the policies in Cyprus. Read more about what you can do to protect your valuables and your loved ones so you can make the most out of your expat life in Cyprus.

Getting Insurance

Signing up for insurance in Cyprus will not be very difficult. There are several local, regional, and international insurance companies that offer general, medical, life and other miscellaneous types of insurance policies in the country. You might want to find a local broker for all your home related needs, The Insurance Association of Cyprus is a trusted organisation in the country. The most trusted local insurance companies are registered in this association, so make sure you check the company’s membership before you sign up for a policy. Aside from local insurance companies, there’s also a large presence of international insurance companies in the country.

It’s best to weigh your options before you arrive in the country, either by talking to your employer, or asking around in your network.

Foreign employees in the country also have to make a mandatory health and social security contribution along with the employer. The payments for the contribution will be deducted from your monthly salary. This local coverage includes the basic employment insurance services such as maternity, unemployment, pension, and the likes. You may view the terms for this mandatory foreign employee contribution in the official website of Cyprus’ Ministry of Foreign Affairs.

Importance of Insurance

Insurance is one of the most important things you need to think of in life, and even more so when you start to live abroad. Cyprus is a very small country, and it is known as being quite safe and peaceful, however, that doesn’t mean that you can just rely on public services for the protection of your loved ones. Having the right insurance policies can not only ensure your safety and the safety of your loved ones, it can also protect your future finances. Aside from all the safety blanket service insurance can provide, it also has several services that you can use to save more money in the long run.

Learn more about insurance policies and don’t rely on common information about insurance products. Read and research for yourself and find the best options for you and realise the big difference an insurance policy can make in your life abroad.

Local Insurance in Cyprus

The local insurance industry in Cyprus is quite large. There are several insurance companies that can offer all kinds of insurance products such as general insurance, maritime, medical, and life insurance. Some of the well-known local insurance companies are General insurance of Cyprus, Commercial General Insurance, and CypriaLife.

Despite the availability of European coverage in local insurance plans, expats in Cyprus still prefer getting international insurance coverage for the stability, wider coverage and extended services and benefits that you can only get through international insurance policies. Some of the biggest international insurance companies in Cyprus are AIG, Trust Insurance, and Bupa Global.