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Save for your children’s dreams to come true and for the start of their independent life

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Investing in the child’s future pays off

A driving licence, higher education, studies abroad or own housing – when time comes for children to start independent life, financial support from parents may be a very important stepping stone for them. In order to contribute to the independent life start of your children in the future, you should take action now.

There are various opportunities to take care of your child’s future. An easy and popular way to save is to accumulate funds having signed the unit-linked life insurance agreement “For Child Future”. 

The service is provided by SEB Life and Pension Baltic SE Lithuanian branch.

More than 21 600 parents have been accumulating funds on the basis of the agreement “For Child Future”.
Parents on average allocate EUR 40/month for accumulation for their children’s future goals. The child benefit paid by the state in 2021 amounts to EUR 70/month.
The accumulation agreement is mainly signed with respect to children aged 1–3. The average accumulation period is 17 years.
When accumulating for children’s future, you become eligible for the personal income tax relief and a yearly refund of up to 20 per cent of premiums paid.

A possibility to get a refund of up to EUR 300 per year

With the unit-linked life insurance you become eligible for the personal income tax relief and a refund of up to EUR 300 per year.
The maximum amount of premiums for a personal income tax refund of up to 20 per cent is EUR 1 500 per year. The amount cannot exceed 25 per cent of all taxable income received during the tax period.

Read more about a tax relief
Calculate the amount of tax refund

  • You can take advantage of the tax relief when you declare your income for the previous calendar year to the State Tax Inspectorate.
  • You must submit your tax refund for the previous year by 1 May of the current year.
  • The income tax share of premiums paid in the previous year will be refunded by 31 July.

With the unit-linked life insurance you become eligible for the personal income tax relief and a refund of up to EUR 300 per year.
The maximum amount of premiums for a personal income tax refund of up to 20 per cent is EUR 1 500 per year. The amount cannot exceed 25 per cent of all taxable income received during the tax period.

Read more about a tax relief
Calculate the amount of tax refund

Why to choose insurance “For Child Future”?

You can start accumulating with as few as EUR 20/month. You will choose the premium amount and payment frequency according to your saving goals and financial situation.
Premiums may also be paid by other persons, e.g. grandparents, godparents, and serve as a meaningful child’s birthday present.
The accumulated funds are invested, thus you are likely to earn more and protect your funds from depreciation.
Upon expiry of the agreement the accumulated amount will be paid out to the designated beneficiary or will be inherited.

You don’t have to be a specialist – we will assist you in selecting the premium investment plan

We will assist you in making a decision that best suits your needs. Register for a free of charge consultation and our managers will advise on the investment risk acceptable to you and assist you in selecting a suitable investment plan. You will be able to change the selected investment plan on SEB’s Internet Bank free of charge during the entire period of agreement validity, if necessary.

List of investment plans
Responsible investment

  • The investment plan should be selected with regard to the accumulation period and acceptable investment risk. 
  • Both the clients willing to take risk and aiming for higher return and the cautious clients agreeing with lower return and aiming to prevent drop in value of their investment will be able to select an acceptable investment plan among those offered by SEB.
  • Having evaluated your needs we will select an acceptable method of investment management – actively managed or passively managed (index) funds.
  • SEB investment plans ensure not only a competitive offer of funds, but also some of the lowest fund rates.

You may also be interested

Personal insurance

  • Funds to recover from injuries or serious illness.
  • Additional income during the period of incapacity for work.
  • Financial security, if the family loses the breadwinner.
  • Opportunity to ensure that your loan obligations are covered and not inherited.

Ensure sufficient income when you retire

  • Plan your future and make a decision on your better tomorrow today.
  • Monitor and manage your investments to secure a higher amount of savings.
  • The state promotes long-term accumulation – take advantage of the tax relief.

Information in this document about the unit-linked life insurance service offered by SEB Life and Pension Baltic SE Lithuanian branch is submitted for marketing purposes. It may not be interpreted as a personal recommendation or an instruction to invest and may not be deemed to be the basis or a part of any deal to be executed later. Irrespective of the fact that the content of this document is based on the sources that are deemed to be reliable, SEB bank and SEB Life and Pension Baltic SE Lithuanian branch will not assume responsibility for any inaccuracies or losses which may result from the actions taken on the basis of such information. The specific taxation depends on the individual circumstances related with you and may be subject to changes in future.

The investment return is related to risks, its value may increase or decrease and previous positive return does not guarantee the same result in future. In certain cases, the losses may exceed your initial investment. In case of investment in the financial instruments denominated in a foreign currency, fluctuations in the exchange rates may have impact on your investment return.

You will be responsible for the investment decisions made by you, therefore before making thereof you should familiarise with detailed information and strategy of a specific investment plan and assess yourself or with the assistance of consultants whether inflation or exchange rate fluctuations or changes in the market interest rate or any other events which do not depend on the intentions and actions of SEB bank or SEB Life and Pension Baltic SE Lithuanian branch may result in decrease of your investment value.

Before making any investment decision, we recommend you to familiarise with descriptions of the investment plan and prospectuses of the funds you invest in under such plan, to obtain more detailed information about the characteristics of such financial instruments, benefit and risk factors. You may receive such information by calling at +370 5 268 2800 or by visiting any unit of SEB bank.

Clients, who do not meet the criteria for entering into the insurance agreements specified in the standard insurance rules, may sign the insurance agreement on the individual terms.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and that investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.