Savings with life insurance | Luminor

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Savings with life insurance

Start accumulating savings today – save for realisation of your long-term goals and get tax refund as well as life insurance!

Assess the benefits*

 

Borrower’s life insurance terms and conditions

  • Insured risks – death and permanent disability
  • Contractual currency: EUR
  • Insurance amount: at the customer’s discretion from EUR 15,000, to get down pro rata during the term
  • Contractual period: minimum – 10 years, maximum – until the insured person has reached the age of 75
  • An opportunity to choose between two payment options – lump-sum payment or regular monthly instalments
  • Additional instalments to one’s saving can be made anytime
  • Insurance enters into effect immediately after the down payment to the insurer’s account

Life insurance to protect your family terms and conditions

  • Insured risks – death and permanent disability
  • Contractual currency: EUR
  • Insurance amount: at the customer’s discretion from EUR 3,000, which is constant over the entire contractual period
  • Contractual period: minimum – 10 years, maximum – until the insured person has reached the age of 75
  • An opportunity to choose between two payment options – lump-sum payment or regular monthly instalments
  • Additional instalments to one’s saving can be made anytime
  • Insurance enters into effect immediately after the down payment to the insurer’s account

The way to successful saving is simple

1

Contact

Contact information

2

Wait for an answer

Our consultant will contact you to agree on the amount and frequency of the deposit, on the type and timing of the deposit, and on the choice of the investment strategy.

3

Start saving

Get an email from us with all the information you need and start creating savings for the future!

Necessary documents

  • Application form
  • Health declaration

Useful links

Life insurance terms and conditions, Price List and Key Information Documents

See also: Borrower’s life insurance, Life insurance to protect your family, 3rd Pillar Pensions, 2nd pillar pension

Start save yourself for the future today!

Contact information
Important! Investment in funds may be exposed to currency fluctuation risk, price volatility risk, interest rate risk, liquidity risk as well as other risks whose impact may cause either increase or decrease in the investment value. Prior to making a decision you are kindly asked to read through additional information about the product.
*Service of life insurance offer ERGO Life Insurance SE (registered in the Lithuanian Commercial Register under No. 110707135, registered office: Geležinio Vilko g.6A, Vilnius LT-03507, Lithuania), represented in Latvia by ERGO Life Insurance SE Latvian branch (unified registration No. 40103336441, registered office: Skanstes iela 50, Riga, LV-1013. Offering life insurance,  Luminor Bank AS, reg. No 11315936, address: Liivalaia 45, 10145, Tallinn, Republic of Estonia, represented within the Republic of Latvia by Luminor Bank AS Latvian Branch, reg. No 40203154352, address: Skanstes iela 12, LV-1013, Riga, Republic of Latvia, acts as tied insurance intermediary on behalf of ERGO Life Insurance SE.
** Judicial acts of the Republic of Latvia allow refund the resident income tax in the amount of up to 20% (but not more than 4000 EUR) of the life insurance payments. The insurance agreement has to be signed for at least 10 years (without partial repayment of the payments) and cannot exceed 10% from person’s taxable income. The rules for refunding the resident income tax are defined by the law "About resident income tax" and judicial acts following from it. The information about the taxes is submitted according to the judicial laws of the Republic of Latvia valid at the present moment.