Sabadell Savings Insurance is a mixed life savings and insurance2 that allows you to save at your own pace, easily and conveniently. Make monthly contributions starting at only €30 and, in turn, accumulate capital more easily. And, if you wish, you could make an initial contribution when you take it out, as well as ad hoc contributions.
If your Saving Insurance is in force, you can draw down the accrued balance, partially or fully, at any time1 and without any penalty or fee, with the withholding tax being applied on the returns obtained under the tax regulations in force at that time.
Your Sabadell Savings Insurance offers you guaranteed net profitability3 per calendar half-year and known in advance. The accumulated balance is made up of contributions, redemptions (drawdowns) deducted plus the net returns obtained. This profitability will in no case be less than 0%.
In the event of death of the insured party, the beneficiaries that the insured party has designated will receive the accrued balance plus an additional principal amount of 10% of the balance. The maximum additional capital shall be €7,000 (€600 for policyholders aged 65 and over).
1 In the event of redemption by the customer or cancellation due to early termination of the contract by the insurance company, the customer's account shall be credited the following day. The accumulated return will be taxed in the beneficiary's personal income tax as [sic] income from securities subject to withholding tax in accordance with current legislation. The death insured amount risk premium will be added to the accrued profitability subject to taxation, calculated according to the guaranteed insured amount and the age of the insured.
In the event of the death of the policyholder, the benefits provided to the beneficiary are subject to inheritance and gift tax. When the beneficiary is the spouse or adoptive or adopted ascendant/descendant of the insured policyholder, a reduction of €100 of the capital may be applied, up to a maximum amount that will be determined by the applicable regulations of the Autonomous Community.
2 Sabadell Savings Insurance is a life insurance-savings policy of BanSabadell Vida, S.A. de Seguros y Reaseguros, subject to the terms and conditions stated in the policy, with Tax ID no. A08371908 and registered offices at Calle Isabel Colbrand, 22, 28050, Madrid, registered with the Merc. Reg. of Madrid and DGSyFP Insurance Companies Registry under code no. C-0557 (www.sabadellvida.com). Sabadell Savings Insurance is an insurance brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A. ("BanSabadell Mediación") and marketed through the network of Banco de Sabadell S.A., entity with which it has signed a distribution network services contract. The registered address of BanSabadell Mediación is Avda. Oscar Esplá, 37, 03007, Alicante, Tax ID A03424223, and is registered in the Mercantile Registry of Alicante and in the Administrative Register of Insurance and Reinsurance Distributors of the DGSyFP with code no. OV-0004, acting for BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, having taken out a civil liability insurance policy in accordance with the provisions of the regulations governing the distribution of private insurance and reinsurance in force at any given time. You can see the insurance companies with which BanSabadell Mediación has signed an insurance agency contract at www.bancsabadell.com/bsmediacion.
3 The death capital risk premium has already been deducted from the guaranteed net profitability.
4 Profitability 0% NIR, 0% APR for daily positive balances. Management and maintenance fees 0 euros/year.