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.

Savings insurance

Santander SIALP Savings Plan

For savers committed to an objective to be met.

If you have a goal in mind, it is important to remain committed to it. Saving each month will help you achieve your goal.
Surrender your plan whenever you want, with no penalties.
Meet your objective with favourable taxation terms.

SIALP Savings Plan

The Banco Santander SIALP Savings Plan is an individual long-term savings insurance policy from Santander Seguros. The aim is to accumulate capital throughout the policy's lifetime thanks to monthly contributions. The plan allows you to benefit from tax exemptions on income received, according to relevant legislation and to whether requirements are met. The insurance policy also provides benefits to beneficiaries of your choice, in the event of death before maturity.

How does the SIALP Savings Plan work?

Guaranteed interest rate on your savings

You will receive a guaranteed minimum interest rate on what you have saved throughout the policy. The minimum interest rate may be swapped, for half-yearly periods, for an improved interest rate.

Total liquidity from day one

You can surrender the accumulated savings in full at any time with no penalties.

Receive additional returns

If you honour your commitment and save monthly throughout the whole year, you may receive a bonus consisting of an improved interest rate, thereby further increasing your savings.

Cover in the event of death

Also, in the event of death before maturity, the beneficiary(ies) indicated will receive the accumulated savings plus an additional capital sum.

Tax

If the requirements set out in the relevant legislation are met at the time of receipt of the policy's income, said income is exempt from taxation.

These requisites are currently as follows:

More than 5 years must have elapsed since the first contribution to the long-term savings plan.
You must be the holder of a single long-term savings plan (in the form of an insurance policy [SIALP]; or in the form of an account [CIALP]).
The Policyholder, the Insured and the Beneficiary must be the same person (except for in the case of coverage for death). Annual contributions must be €5,000 or less.

If you need more information about the SIALP 85 Savings Plan and how to take it out, visit any Banco Santander branch or contact your Personal Santander Manager.

Insurance intermediated by Santander Mediación Operador de Banca-Seguros Vinculado S.A., tax number A28360311), through its distribution network Banco Santander S.A. Insurance operator filed with the Registry of the General Directorate of Insurance and Pension Funds as number OV-0042. Civil liability and financial capacity covered in accordance with applicable law. Insurance firm: Santander Seguros y Reaseguros Compañía Aseguradora, S.A. See the insurance companies with which the operator has an agency agreement in place for the distribution of insurance products at www.santandermediacionobsv.com.

More information at www.santanderseguros.es.