Altius Insurance Ltd
Altius Insurance
Altius Insurance is a motor third-party liability insurance for the Cyprus market with no online purchase and 24/7 assistance.
Direct payment
Altius Insurance's general claims process (as described in its General Branch Claim Form / claims procedure document) requires the policyholder to complete and submit a claim form together with supporting documents (invoices, receipts, copies of card transactions, etc.) to the Company's Claims Department for assessment before compensation is paid; the documentation does not describe the insurer settling directly with hospitals, clinics or garages, indicating a reimbursement-to-policyholder model rather than direct payment to the service provider.
Geographic scope
Cyprus
The reviewed sources confirm the policy is issued for use in Cyprus; specific rules on EU/Green Card cross-border cover are not stated on the pages reviewed.
Unique selling points
- Island-wide, in-person service through nine branches across Cyprus.
- Products also distributed through Alpha Bank's branch network under a bancassurance agreement.
- Backed by long-term collaborations with major global reinsurers including Swiss Re, Munich Re, Hannover Re, Mapfre Re and Scor Re.
- Free 24-hour accident-care and roadside assistance helplines, with a dedicated number for policyholders in Greece.
- Member of the Insurance Association of Cyprus with board-level representation via the company's CEO.
Coverage limits
Bodily injury liability
€38,600,000
Third-party liability coverage for physical injury or death of any person, including emergency medical treatment costs for injured third parties. Specific monetary limits are not disclosed on the reviewed page.
Property damage liability
€1,300,000
Third-party liability coverage for damage to third-party property caused by an accident involving the insured motor vehicle. Specific monetary limits are not disclosed on the reviewed page.
Legal defence costs
No limit stated
Not mentioned on the reviewed product page or registration record.
Green Card
—
Not mentioned on the reviewed product page; the insurer is licensed for the Motor vehicle liability class but no Green Card specifics are stated for this product.
Roadside assistance
No limit stated
The insurer publishes company-wide 24-hour accident-care and roadside assistance phone lines, but the reviewed product page does not confirm this benefit is included specifically within the Motor Against Third Party product.
Driver personal accident
No limit stated
Not mentioned on the reviewed product page or registration record.
Passenger personal accident
No limit stated
Not mentioned on the reviewed product page or registration record.
Key conditions
Territorial scope
The policy is issued in Cyprus. The reviewed sources do not state detailed cross-border/EU territorial rules for this specific product.
Green card rules
Not specified in the sources reviewed for this product.
Driver restrictions
The policy is addressed to vehicle owners aged 23 to 70 years old, who must hold a valid Cypriot or European driver's licence; coverage applies only when the insured vehicle is driven by an authorized driver as specified in the policy.
Claim notification deadline
Not specified in the sources reviewed for this product.
Bonus-malus rules
Not specified in the sources reviewed for this product.
Policy specifics
Physical injury or death of any person
Third party liability coverage for bodily injury and death resulting from motor accidents
SourceEmergency treatment of any person
Coverage for emergency medical treatment costs for injured third parties
SourceProperty damage
Third-party liability coverage for damage to third-party property caused by insured motor accident
SourceIndemnity coverage of the Insured and others
Protection against financial loss from third-party claims; may extend to authorized drivers
SourceAuthorized driver requirement
Coverage applies only when the insured vehicle is driven by an authorized driver as specified in the policy
SourceValid Cypriot or European driver's license required
Vehicle owners must hold a valid Cypriot or European driver's license to be eligible
Source