Hannoversche Versicherung
Experiences, reviews and information about the provider
(product costs may apply)
Details
Pros
- Direct sales with no field sales force and therefore a low-cost structure
- Very experienced provider in term life insurance
- Funeral cover insurance can be taken out without health questions
- Waiting period in funeral cover insurance can be chosen within certain limits
Cons
- No personal advice on site, contact only by phone and online
- Product range limited to life, retirement provision and income protection
- Funeral cover plans without a health check come with waiting periods
- Low term life premiums depend on good health disclosures
Fact sheet: Hannoversche Versicherung
| Company name | Hannoversche Versicherung |
| Founded | 1875 |
| Headquarters | Hannover |
| Country | 🇩🇪 Germany |
| Type | versicherer |
| Website | hannoversche.de * |
About Hannoversche Versicherung
Hannoversche Lebensversicherung AG was founded on 29 October 1875 as the Preußischer Beamten-Verein and is regarded as the oldest direct insurer in Germany. Since the merger with VHV in 2003 it has been the direct insurer of the VHV Gruppe, based in Hanover. It sells directly to customers without a field sales force of its own, which lowers acquisition and distribution costs. The product focus is on term life insurance, funeral cover insurance, disability and basic ability cover, and retirement provision products. As a German life insurance stock corporation, Hannoversche is subject to BaFin supervision (BaFin is the German financial regulator) and is a member of the Protektor guarantee fund; there is no deposit protection (Einlagensicherung) in the banking-law sense.
Special features
- Founded in 1875 as the Preußischer Beamten-Verein
- Regarded as the oldest direct insurer in Germany
- Direct insurer within the VHV Gruppe since 2003
- Life insurance portfolio secured through the Protektor guarantee fund
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