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Life insurance - Internet bank guide

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Learn more about your insurance services.

In order to view information on all of your agreements, open the menu “Savings/Pension” and the section “Life insurance”.

screen, savings, pension, life insurance

The Internet bank provides information on your agreements, the terms thereof, type of insurance, insured persons, insurance sums, beneficiaries, payments made, and you may also keep track of your savings.

In order to acquire detailed information on the agreement, click on the “View agreement” button.

In order to view information on the funds selected by you, open the menu “Savings/Pension” and section “Life insurance with savings”, click on the “View agreement” button and select the sub-section “Investment portfolio overview”. It is possible to view detailed information on the investment fund by clicking on the triangle icon next to the fund that you wish to view.

This section allows you to change the risk tolerance margin and the allocation of existing savings and further contributions, as well as follow the execution of transactions (for purchasing/selling funds).

Take notice! If the policyholder of the agreement is the employer and the agreement does not prescribe the right to implement changes, you will not be able to make changes in the funds.

In order to view payments made and received, as well as changes made during the agreement period, open the menu “Savings/Pension” and section “Life insurance with savings”, then click on the “View agreement” button and select the sub-section “Overview of applications and changes”.

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applications and changes, table, overview

In order to view information on the payments made, click on the “Payments” button. A screen with the list of payments and their total sum will open.

In order to view information on the claims and benefits paid out, click on the “Claims and benefits” button. A screen with the list of claims and benefits will open.

In order to view information on the changes carried out, click on the “Applications and changes” button. Here you will see a list of dates of previously carried out changes, their type and status of completion. You will be able to view detailed information by clicking on each change.

Take notice! If the policyholder of your agreement is the employer and Life insurance with unit-linked accumulation of funds has been selected but the agreement does not provide the insured person with a right to implement changes, the changes made by the employer within the Overview of applications and changes will not be displayed.

The Overview of applications and changes only portrays the changes that are registered in the Internet bank.

An application is available for life insurance products with terms No. 101.051, 101.053, 101.054, 101.060, 101.061.

In order to make an additional payment, open the Internet bank menu “Savings/Pension” and section "Life insurance with savings", then click on the “Make a payment” button.

For your convenience, the Internet bank provides the possibility to create a regular payment order, which SEB Banka will execute automatically with the regularity and amount set by you.

Take notice! Change of beneficiaries may be carried out for life insurance agreements with terms No. 101.031, 101.041, 101.051, 101.053, 101.060, 141.012 and Term life.

In order to change the beneficiary, open the Internet bank menu “Savings/Pension” and section “Life insurance with savings”, then click on the “View agreement” button. The application on the change of the beneficiary may be filled out in:

  • section “Information about the agreement” by clicking on the “Application for change of beneficiary” button;
  • section “Applications and changes” by clicking on the “Add/Change beneficiary” button.

In order to decline the beneficiary, select the button “Cancel the beneficiary”.

In order to add an additional beneficiary(-ies), select the button “Add a beneficiary”.

Take notice! The application will open with the beneficiary(-ies) included in the agreement. The personal data of the beneficiary may not be changed.

table, add a beneficiary, cancel the beneficiary

Take notice! The application is available for life insurance agreements with terms No. 101.031, 101.041, 101.051, 101.053, 101.060 and with the agreement status “Waiting for maturity application”. The application may only be submitted by the Insured person indicated in the agreement.

In order to apply for indemnity at the end of the insurance period, open the menu “Savings/Pension” and section "Life insurance with savings". The application may be filled out:

  • open maturity notification and click on the “Submit a maturity application” button;
  • choose the agreement and click on the “Submit a maturity application” button.

Take notice! Insurance benefits may only be paid to an account owned by you.

You may choose to receive the insurance benefit payment to an account at SEB Banka or manually enter the account number of another bank.

table, account number, insurance benefit

Before making changes, make sure that they are necessary and meet your needs. It is important to know that imprudent changes (e.g. selection of an inadequate fund at an unfitting time) may cause losses.

If you wish to change the selected fund/strategy and carry out further contributions in other funds, go to the “Life insurance with savings” section of the “Savings/Pension” menu, click on the “View agreement” button and select the sub-section “Applications and changes”, click on “Change investment structure”.

Take notice! If the policyholder of the agreement is the employer and the agreement does not prescribe the right to implement changes in the agreement, you will not be able to make changes in the funds.

Select a fund or several funds, in which you will make the further payments, and set their breakdown by percentage, leaving the same share for the other funds.

Note that the minimum share of one fund is 5% and any share of funds must be divisible by 5, e.g. 5%, 10%, 15%, 20% and so on. The overall allocation of contributions (section “New allocation of contributions, %”) must form 100% across all funds.

table, existing allocation of contributions, new allocation of contributions

Before making changes, make sure that they are necessary and meet your needs. It is important to know that imprudent changes (e.g. selection of an inadequate fund at an unfitting time) may cause losses.

If you wish to fix the growth of the fund’s savings, protect it from a greater drop or simply switch funds, go to the “Life insurance with savings” section of the “Savings/Pension” menu, click on the “View agreement” button and select the sub-section “Applications and changes”, click on “Change portfolio structure”.

Take notice! If the policyholder of the agreement is the employer and the agreement does not prescribe the right to implement changes in the policy, you will not be able to make changes in the funds.

Select the fund, the savings of which you wish to redistribute – enter how much % you wish to redirect to another fund in the section “Sell, %”.

For example, if the total share within the respective fund is 14,13% and you wish to redirect the whole savings to another fund or several funds, enter 100% (i.e. 100% of 14,13%). The share does not have any limitations – you may indicate 1%, 6% or 99%.

Then select the fund/funds, to which you wish to transfer the share of the current savings. All of the values in the “Purchase, %” section must form 100%.

If the fund from which you are selling the shares includes a transaction that is being processed (purchase or sale of shares), the respective share of the savings is not sold.

table, change of allocation of existing savings, investment fund, sales info, purchase info

There is an opportunity to connect automatic risk control at any time, i.e. set a specific margin of risk tolerance for each fund, permitting fluctuations of your accrual up to the respective margin. You may also set the margin of maximum profit for a specific fund in order to fix the result. When reaching it, an automatic notification will be sent to the e-mail address specified by you in order for you to decide what to do with your investment.

In addition, you may choose for the savings to be automatically transferred to another investment fund or to savings with guaranteed profitability.

In order to change the margin of risk tolerance, go to the “Life insurance with savings” section of the “Savings/Pension” menu, click on the “View agreement” button and select the sub-section “Applications and changes”, click on “Change risk tolerance margin”.

If you are making savings in several funds, indicate the fund on which you wish to carry out the changes. The risk tolerance margin may be set for losses, as well as profit. For example, 20% for losses and 30% for profit (the minimum margin is 5%). Once the specified margin is reached, the savings from the indicated fund will be transferred to the transfer fund.

Please note – if you do not transfer the savings back to the fund in which you made your previous payments, the accrual will be located in the transfer fund until the expiration of the agreement. If you wish to receive a notification on reaching the margin in your e-mail, but you do not want the savings to be transferred to the transfer fund, leave the text “Not selected”.

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