Individual Plan for Systematic Savings

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Savings insurance

1 / 6

This number is indicative of the product risk, where 1/6 indicates lower risk, and 6/6 indicates greater risk.

Guaranteed capital is only at maturity, and mobilising or exercising your right to redeem your investment implies a penalty that can lead to losses.

Early reimbursement, redemption, or refunding of part or all the principal sum invested is subject to fees or penalties.

Periodical and systematic formula for savings, contracted with CAJAMAR Vida S.A. Insurance and Reinsurance, with a minimum duration of 5 years and 1 day, during which time a capital is accumulated (the contributions plus interest) which will provide a life annuity for the holder, with all the tax benefits described below.

During the contribution period, the accumulated capital will produce returns referring to the growth of the 6-month Euribor, previously set at the beginning of each 6-month period.

And with a rate of interest guaranteed in advance for each semester.

  • The guaranteed APR for the second half of 2009 was 1.50%.
  • The guaranteed APR for the first half of 2010 was 1.00%.
  • The guaranteed APR for the second half of 2010 wa 1.00%.
  • The guaranteed APR for the first half of 2011 was 1.50%.
  • The guaranteed APR for the second half of 2011 wa 1.60%.
  • The guaranteed APR for the first half of 2012 was 1.80%.
  • The guaranteed APR for the second half of 2012 was 1.80%.
  • The guaranteed APR for the first half of 2013 was 1.40%.
  • The guaranteed APR for the second half of 2013 was 1.00%.
  • The guaranteed APR for the first half of 2014 was 0.65%.
  • The guaranteed APR for the second half of 2014 was 0.30%.
  • The guaranteed APR for the first half of 2015 was 0.05%.
  • The guaranteed APR for the second half of 2015 was 0.05%.
  • The guaranteed APR for the first half of 2016 was 0.05%.
  • The guaranteed APR for the second half of 2016 is 0.05%.

At the end of the contract, the accumulated capital (contributions plus accrued returns) can be received in different forms: as a Life Annuity, a Temporary Annuity or as a Lump Sum.

Contributions may be periodical or occasional, and can be suspended or reactivated at any time, or modified as to amount and/or percentage of revaluation every six natural months.

Minimum contributions:

  • Minimum periodical contribution: 50 €/month, or equivalent.
  • Minimum occasional contribution: 180 €.

Maximum contributions:

  • Annual maximum: 8,000 €/year.
  • Maximum total sum of contributions per policy: 240,000 €

Total recovery is permitted after the first 6 months, without penalisation after the first year.

The Accumulated Capital can be transferred to other PIAs.

The maximum duration of the contract plus the age of the person insured must be less than 79 years.

Taxes:

The returns generated during the saving period, as long as this is more than 5 years, are tax free, and when income begins to received this will be taxed at a reduced rate.

Highlights:

Planned: for easy saving, flexible: to choose how, adaptable: because possibilities may change at any time, accessible: so you don't feel tied down, returns guaranteed in advance: so you know what you will get before you decide to invest

Insurances issued by CAJAMAR VIDA S.A. de Seguros y Reaseguros, through CAJAMAR INTERMEDIADORA Operador de Banca-Seguros Vinculado, S.L.(Tax Identification Number: B04428223), registered in the General Directorate of Insurance and Pension Funds with administrative code no OV0014, with Civil Liability insurance arranged, according to art. 21, paragraph 3, section h) of Law 26/2006, of July 17.
Go to www.grupocooperativocajamar.es/aseguradoras to see which insurance providers the Linked Bancassurance Operator has agency contracts in place with.

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