NP Insurance – NEW POSEIDON Greek Insurance Company S.A.
NP Ασφαλιστική
NP Ασφαλιστική is a motor third-party liability insurance for the Greece market with no online purchase and 24/7 assistance.
Direct payment
Payment is made in advance for the full premium for the policy duration, prior to the commencement of coverage, directly at the Company's Head Office, through a Company collector, via electronic payments, at partner banks, at Company branches, at Hellenic Post (ELTA), or through an authorised collection partner.
Geographic scope
Greece, EU, EEA and Green Card system countries (mandatory MTPL); Greece only (supplementary coverages)
Mandatory third-party liability valid in Greece, the European Union, the European Economic Area, and states applying the unified agreement of National Bureaux of International Insurance (Green Card system). Supplementary coverages valid only in Greece.
Unique selling points
- Includes material damage coverage up to €30,000 for accidents caused by uninsured vehicles — at no extra cost.
- 24/7 Roadside & Travel Assistance available 365 days a year, including towing, local repair, passenger repatriation, and hotel expenses.
- Dedicated Accident Care service dispatches a representative to the accident scene for on-the-spot documentation and towing coordination.
- Participates in the Friendly Settlement (Φιλικός Διακανονισμός) scheme, ensuring faster claims handling when the insured is not at fault.
- Solvency Capital Requirement (SCR) ratio consistently above 200%, ranking NP Ασφαλιστική among the most financially sound insurers in Greece.
Coverage limits
Third-Party Liability for Bodily Injury (per person)
Covered
Mandatory coverage for third-party bodily injury and death caused during vehicle operation, including passengers, up to €1,300,000 per person per accident.
Third-Party Liability for Material Damage (per accident)
Covered
Mandatory coverage for third-party material/property damage caused during vehicle operation, up to €1,300,000 per accident.
Legal Protection
Optional
Optional legal protection coverage available up to €4,000, covering legal defence costs arising from vehicle use.
Green Card (International Insurance Certificate)
Covered
The mandatory MTPL coverage extends to EU, EEA and all countries applying the unified agreement of National Bureaux of International Insurance (Green Card system), providing proof of valid third-party liability insurance abroad.
Roadside & Travel Assistance
Covered
24/7 roadside and travel assistance included in the base product, covering towing after an accident, local repair attempt, vehicle retrieval to a public road, passenger transfer/repatriation, and accommodation expenses. Valid for private and light commercial vehicles (ΕΙΧ, ΦΙΧ, ΦΙΧ ΑΓΡΟΤΙΚΑ) up to 3,500 kg gross weight, 3.5 m wheelbase, and 3.0 m height, without rear dual wheels.
Driver Personal Accident
Excluded
The driver is explicitly excluded from the passenger bodily-injury coverage under the base NP ΟΔΙΚΗ MTPL product. Personal accident cover for the driver is not included in this product.
Passenger Bodily Injury Liability (per person)
Covered
Passengers are covered under the mandatory bodily injury liability limit of €1,300,000 per person. This is part of the MTPL coverage, not a standalone personal accident benefit.
Key conditions
Territorial scope
Mandatory MTPL coverage is valid in Greece, the EU, the EEA, and all countries applying the unified agreement of National Bureaux of International Insurance (Green Card system). Supplementary coverages are valid only in Greek territory.
Green card rules
The Green Card (International Insurance Certificate) is issued as part of the mandatory MTPL policy and is valid in all Green Card system countries. The coverage limits are those of the Greek mandatory minimum, subject to host-country minimum requirements.
Driver restrictions
Drivers under 23 years of age or over 70 years of age attract an additional premium surcharge (epasfalisto). If an accident occurs with such a driver whose age was not declared and the surcharge not paid, the claim is not covered. Damage caused by a driver without the legally required driving licence for the vehicle category is excluded by law. Damage caused by a driver under the influence of alcohol or toxic substances is excluded by law.
Claim notification deadline
The insured must notify the Company promptly of all details of the insured vehicle, of any circumstances affecting the risk assessment, and of any changes. Specific claim notification deadlines are set out in the policy contract and general conditions.
Bonus-malus rules
A Bonus/Malus system applies to the MTPL and own-damage premiums, with categories and percentage adjustments defined in the policy tariff. Claims history affects the applicable premium category.
Where to buy
Policy specifics
Third Party Liability for Material Damage
Mandatory coverage for liability towards third parties for material property damages caused by vehicle operation
Third Party Liability for Bodily Injury
Mandatory coverage for liability towards third parties for bodily injuries and death caused by vehicle operation
Material Damage from Uninsured Vehicle
Covers material damages to the insured vehicle caused by an uninsured vehicle, up to €30,000. Included in the base product.
Glass Breakage
Optional supplementary coverage for glass breakage up to €1,200. The Company is not liable for damage to the sunroof, headlights, mirrors, or indicators.
Damage from Wrong Fuel
Optional supplementary coverage for damages caused by filling the vehicle with the wrong type of fuel.
Accident Care Service (Φροντίδα Ατυχήματος)
Included service providing: 24-hour accident notification call centre, dispatch of a representative to the accident scene, completion of the accident declaration form, photography of the scene, and vehicle towing.
Towing After Accident – Vehicle Eligibility Restriction
Towing after accident and Roadside & Travel Assistance are valid only for ΕΙΧ, ΦΙΧ and ΦΙΧ ΑΓΡΟΤΙΚΑ vehicles with gross weight up to 3,500 kg, wheelbase up to 3.5 m, height up to 3.0 m, and without rear dual wheels.
Geographical Coverage Scope
Mandatory MTPL coverage valid in Greece, EU, and EEA countries; optional supplementary coverages valid only in Greece
Policy Duration and Coverage Period
Coverage start and end dates defined in the insurance policy; begins with premium payment and requires notification of vehicle details and changes
Driver Age Surcharge Conditions
Additional premium required for drivers under 23 years or over 70 years; claims denied if age not declared and surcharge not paid