Insurance of Pension Savings

Pension Savings with Excellent Additional Features

Even the most attractive pension savings program can be made still more attractive. You can increase it, advance the payout date, find the highest interest rates, choose the most respectable savings manager - and justifiably start feeling already today like the shaper of your future leisure time!

The pension savings insurance program offers you even more - Together with life and accident insurance, it guarantees you assurance of savings safety regardless of what direction life takes.

Security and Guarantees for Long-term Savings

By choosing the Pension Savings Insurance Program you will receive guarantees that the contributions made toward insuring a life of quality will bring a return not only as savings but also as income in the form of earnings as well as government income tax rebates.

This is guaranteed by:

• SEB banka - one of the most highly respected managers of private capital in Latvia with an extensive international experience;
• SEB Life Insurance - the largest life insurer in Latvia, reinsuring its risk exposure in such worldwide insurance companies as Munich Re and Gen Re;
• The Republic of Latvia - Your earnings grow under the continuous supervision of the Finance and Capital Market Commission;
• The stipulations of the insurance contract - if the insured risk event takes place before the termination of the contract, the accumulated capital as well as the face amount of the life insurance policy is paid in full the beneficiaries named in the policy.

How Does Your Future Welfare Take Shape?

• Savings Program - You select the amount, which you will henceforth invest toward increasing your future pension, the time period, the frequency of contributions, and age, when you will wish to enter a well-paid retirement. The minimum savings period is 5 years, and you are entitled to the resulting tax rebates...
• You will receive an annual government income tax rebate of 25% of the amount you contributed to your pension insurance.
• Your savings will be supplemented each year with the guaranteed earnings of 3.5% in the first 5 years + additional earnings depending on the SEB Life Insurance financial outcomes.
• Life Insurance - together with the savings program you insure your life. In case of the loss of life the individuals named in the policy receive the accumulated savings as well as the full face value of the insurance policy.
• The saver may additionally obtain supplementary accident insurance - it provides compensation for injuries and illness caused by accidents.