Why it is worth saving with SEB for a child's future?
Driving licence, study abroad or their own home? Your financial support can be very important as children take the first steps in independent living. One of the most popular ways to easily and conveniently save for the future of a child is life insurance with savings. You can fully control the savings and decide when the offspring will be ready to receive it.
* The service is provided by SEB Life and Pension Baltic SE, registration number: 40003012938.
More than 7,500 parents transfer 43 euros every month to savings for the child's future.
Most often, parents start making savings when the child is 5 years old.
The average accrual period is 18 years.
You have the opportunity to receive tax relief in the amount of 20% of contributions made to the savings.
* Please note that the provided tax information is based on currently applicable regulatory acts; the tax legislation can change over time. The tax result may differ on a case-by-case basis.
Simple and easy steps to calculate
Calculate how much can you save and receive in tax refunds
Set monthly deposit or set your savings goal
Apply for consultation
Why is it worth saving in SEB Life insurance with savings?
You are free to determine the amount and regularity of contributions (monthly, quarterly, semi-annually or annually).
The savings are your property throughout its creation.
Life insurance of a parent. In the event of the death of the saver, the sum insured is paid to the bank account of the specified beneficiary or heir.
Your savings are invested. The savings are made in investment funds with the possibility to earn depending on the performance of the funds and acceptable risk.
Investments in funds – a modern and popular approach to saving
- The Insurer will hand over your deposited and accrued money for management to an investment fund manager chosen by you, who will invest it in shares of different companies, government bonds and other financial instruments, according to the principles of the chosen fund.
- The investment fund manager will take care of the funds invested in the fund, monitor and, if necessary, make the necessary changes to ensure the best possible result.
- It is possible to keep track of your savings in SEB internet bank as well as make various amendments to the contract – to change the selected funds in which your current savings are located, funds for future contributions, as well as the allowable risk level.
- We will help to choose the most suitable solution for the wishes and possibilities of both – experienced customers and beginners in the financial markets.
More on Life insurance with savings
Take care of your child's future now
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Please provide your contact information and SEB Life and Pension Baltic insurance specialist will call you to discuss how to start saving.
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Consultation on the conclusion of the agreement, review of the application |
Free of charge |
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Purchase or sales of investment units |
Free of charge |
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Changes in allocation of further contributions or existing savings |
Free of charge |
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Change of life insurance sum insured |
Free of charge |
Limitations
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Minimum life insurance sum insured |
150.00 EUR |
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Minimum accident additional insurance sum insured |
1500.00 EUR |
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Minimum surrender value |
0.00 EUR |
Terms of executing calculations, amendments and termination
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Purchase of investment units |
Within 5 working days after receipt of the insurance premium1 |
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Calculation of the accumulation in case of death of Insured |
Within 5 working days after the application submission date1 |
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Payout of the accumulation in case of death of Insured |
Within 30 days after the application submission date1 |
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Calculation of the accumulation in case of termination of the insurance agreement |
The surrender value is calculated in accordance with the agreement within 5 working days after the application submission date1 |
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Calculation of accumulation in case of maturity of the insurance agreement |
Within 5 working days after the agreement end date1 |
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Changes in allocation of further contributions |
Within 5 working days after the application submission date |
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Changes in allocation of existing savings: |
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Within 5 working days after the application submission date1 |
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Within 5 working days after execution of the sale transaction1 |
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Change of the Life insurance sum insured (changes take effect starting with the next payment period indicated in the policy) |
Within 10 working days after the receipt of all required documents |
Currency exchange rate
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Currency exchange rate, if currency exchange is required |
Currency at the exchange rates of the European Central Bank on the day of the calculations |
Guaranteed yield of savings
| EUR | USD | |
|---|---|---|
| Guaranteed savings | 0% | 0% |
Effective as of 15.07.2021
1 Except when a Management Company provides the performance of transactions according to a different schedule (for example, Funds may be closed for transactions and the value of their units is not calculated if there is a bank holiday in the country in which the fund is registered or/and managed).
The service is offered and provided by SEB Life and Pension Baltic SE, registration number: 40003012938.
Useful information
Personal insurance
- Funds to recover from injuries or serious illness
- Additional income during the period of incapacity for work
- Financial security, if the family loses the breadwinner
- Opportunity to ensure that your loan obligations are covered and not inherited
Ensure income for retirement years
- Plan and act for the benefit of your future today
- Follow up and manage your savings
- State aid for long-term savings - possibility to receive a tax refund
