1/6

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

Protected Child Savings Plan

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

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.

There is also a guaranteed rate of interest, from which the costs of death cover must be deducted, and these may be greater than the rate of interest applied.

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). With a minimum of € 30 and a maximum of € 100 per month.
Extraordinary contributions: You can also save by making extraordinary contributions with a minimum of € 600 and a maximum of € 5,000. Remember that the sum of the regular contributions plus the extraordinary contributions cannot exceed the maximum of € 5,000 per year.
If you wish, you can have the periodic contribution plan inactive¹, which means that you will save with your extraordinary contributions.

Gain peace of mind

Another feature of the Infantil Asegurado Savings Plan is that it applies a rate of interest on your savings. You will get 50% of the yield on the Spanish 3-year bond, with a minimum guaranteed rate of interest of 0.15%¹. From these percentages a deduction must be made of the costs of death cover, which may in certain cases be greater than the rate of interest applied.

The most important feature of the Infantil Asegurado Savings Plan 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.

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 (to be deducted from the life insurance costs).

Child Savings Plan Requirements

To arrange a Child Savings Plan, the Policyholder must be between 18 and 55 years old.
The maximum annual amount that can be contributed to a Protected Child Savings Plan 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.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

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Most common questions about this insurance savings plan

Can the same policyholder take out more than one policy?

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.

What if I want to redeem my money?

The Protected Child Savings Plan 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.

Can transfers be made from a Protected Savings Plan to another product?

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

Will I have to fill out a health questionnaire?

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.

What are the costs of the coverage in the case of death?

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.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

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