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This number is indicative of the risk of the product, being 1/6 indicative of lower risk and 6/6 of higher risk.

Secure savings

Protected Child Savings Plan 2

Save regularly for your children's future, and gain peace of mind by knowing that their education and their future are insured.

Get a guaranteed interest rate.
Adjust the amount you wish to contribute depending on your circumstances.
With coverage in the event of death.

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Comfortable and flexible contribution plan for your children

The Protected Child Savings Plan is a flexible, comfortable and fully liquid savings plan, right from the first day. It also has a guaranteed minimum interest rate. To ensure the future of your children you can make your own personalised plan with flexible contributions, where you decide how and how much you want to contribute.

Create a tailor-made plan

With the Protected Child Savings Plan, you decide how you want to save: through a regular contribution plan or by making extraordinary contributions:

Regular contribution plan: You decide the frequency with which you want to make contributions (monthly, quarterly, half-yearly or annually) from €30.
Extraordinary contributions: You can also save by making extraordinary contributions with a minimum of €100.
If you wish, you can have the periodic contribution plan inactive, which means that you will save with your extraordinary contributions.

Gain peace of mind

Another feature of the Protected Child Savings Plan 2 is that it applies an interest rate on your savings. You will receive a guaranteed minimum rate of 0.15%¹net on the accumulated savings that can be replaced in six-month periods by another higher than what we will call the improved rate.

The most important feature of the Protected Child Savings Plan 2 is that it has dual cover, since one part of the contribution goes towards savings, and the other part toward the cost of covering a possible death.

In the event of survival at maturity, you will receive all the contributions made plus a return, less expenses and the cost of the life insurance. In some cases, this amount may be less than the sum of the contributions made, specifically due to the cost of the life insurance.
In the event of death:

If your contribution plan is active, the beneficiaries will receive a capital equal to the sum of all the contributions made so far, plus all the periodic contributions that were planned until maturity.
On the other hand, if your contribution plan is inactive, the beneficiaries will receive a capital of 103% of the accumulated savings.

Child Savings Plan Requirements

To arrange a Protected Child Savings Plan 2, the Policyholder must be between 18 and 55 years old.
The maximum annual amount that can be contributed to a Protected Child Savings Plan 2 policy is € 5,000 per year.
In the event that a customer has more than one contracted policy for this product, they must take into account that the maximum annual amount than can be contributed through regular contributions to the total of the policies taken out is € 5,000 per year.

For further information about this insurance policy or to arrange one, please, visit your branch.

Most common questions about this insurance savings plan

Yes, where accepted by the Insurance Company. As long as the sum of the contributions made to all the policies does not exceed € 5,000 per year.

The Protected Child Savings Plan 2 allows you to redeem the savings as of the first day and without penalty. Redemption will always be for the total accumulated savings, partial redemptions are not allowed. Due to the cost of the death benefit, the amount redeemed may be less than the sum of the contributions made.

No. The Protected Child Savings Plan 2 does not allow transfers to any other product.

Yes. The company may ask you to complete a health questionnaire and, where appropriate, medical tests, both at the time of taking out the policy and if there is any subsequent amendment to the terms and conditions of the initial policy.

Of the contributions made to the contribution plan, one part is intended for savings and the other to cover the costs of death coverage. These costs vary depending on the capital insured and the age of the insured person.

Insurance mediated by Santander Mediación Operador de Banca-Seguros Vinculado, S.A. ("Santander Mediación"), through its distribution network Banco Santander S.A., under the agency contract it has signed with the insurance company Santander Generales Seguros y Reaseguros S.A. Santander Mediación is a company registered in the register of the Directorate General of Insurance and Pension Funds under number OV-0042 and has subscribed civil liability and capacity insurance financial according to current legislation. Consult the rest of the insurance companies with which Santander Mediación maintains an Agency Contract for the distribution of insurance products in www.santandermediacionobsv.com.
1. This interest rate will have to be discounted the cost of death coverage which, in some cases, may be higher than the interest rate applied.
Learn more at www.santanderseguros.es.