Savings Plan

• You have a goal or a dream, like buying a car, taking the trip of your life or paying for your children’s education.


• You want to be prepared for the unexpected. With your Savings Plan you can cope with unplanned situations. Whenever needed!


• You need a routine to help accumulate savings for your future


• You want a return that is 100% guaranteed and be able to use your savings when needed

1. Make saving into a habit. For example, set a regular contribution or deposit a percentage of your monthly savings in your savings product. You’ll save without realising!


2. Your saving habit must be flexible. If you can’t make a regular contribution occasionally, don’t worry! You can suspend, restart or modify it. Whatever suits you best! And if you prefer, you can also make extraordinary contributions.

If you surrender your Savings Plan, the return is taxable in respect of investment earnings for income tax purposes. The tax rate applicable to the taxable savings base is 19% for the first base 6,000, 21% up to 50,000 euros, 23% up to 200,000 euros and 26% up to 300,000 euros and 28% over 300,000 euros. At the time of payment, this interest is subject to a 19% tax withholding on account.

In the event of the insured’s death, the insurance company guarantees payment to the beneficiary(ies) of the balance accumulated (mathematical provision) plus an additional capital¹ of 10% of the mathematical provision.

The capital paid to the insurance contract beneficiary is taxable under inheritance and gift tax, with a reduction of the tax base of 100% of the sum received, up to a limit of 9,195.49 euros (sum varies by autonomous community) per beneficiary provided the relationship of same with the insured is spouse, ascendant, descendant, adopter or adopted.

Product only available to residents in Spain.

1. The additional capital will be a maximum of 12,000 euros (600 euros for insureds aged over 65 or who have aggravated risks). In the event of accidental death, only for insureds aged under 65, the beneficiaries will receive the accumulated balance (mathematical provision) plus an additional capital of 100% of the mathematical provision with a maximum of 150,000 euros.