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Unit-linked Life Insurance "Financial Security"

Unit-linked Life Insurance "Financial Security"

We would like to inform that from 16 June 2017, any new unit-linked Life Insurance "Financial Security" agreements will not be signed

All agreements signed until 16 June 2017 (inclusive), will remain effective until the validity date specified in the insurance agreement under any and all the terms established and specified in the agreement. If you have any questions, please call us at 1528 (for private customers) and 19222 (for corporate customers) or visit the nearest unit of AB SEB bankas.

 

The Unit-linked Life Insurance "Financial Security" is a product, which enables you to ensure your and your family’s  financial security and stability – life insurance, accidental death insurance, critical illness insurance, accident and injury insurance.

How to ensure a secure financial future?

1. Taking into consideration your personal needs, you will select the terms of the unit-linked life insurance "Financial Security".

At any unit of AB SEB bankas during the individual consultation, we will analyse together your family’s needs and will help you to select the most suitable solution satisfying your needs:

  • life insurance cover
  • additional insurance cover, i.e. accident insurance, injury, accidental death or critical illness insurance
  • insurance period
  • investment plan

You may review the terms of your unit-linked life insurance agreement on SEB’s Internet Bank. If your situation changes, you will be able to make amendments to all terms of the agreement at any unit of AB SEB bankas.

Before signing the insurance agreement, you will be required to familiarise with the unit-linked life and additional insurance rules, which provide a detailed description of the service and risks:

Unit-linked Life Insurance Rules No 012 (effective since 5 May 2014) (PDF, 145 KB, in Lithuanian)

Additional Accident and Injury Insurance Rules (PDF, 200 KB, in Lithuanian)

Additional Accidental Death Insurance Rules (PDF, 77 KB, in Lithuanian)

Additional Critical Illness Insurance Rules (PDF, 138 KB, in Lithuanian)

2. You will pay the specified premiums at the selected intervals.

The amount of the periodic premium depends on:

  • selected insurance cover and sum insured
  • insured person’s age and health condition
  • insurance agreement period

Your savings after deduction of the premium fee will be invested according to the selected investment plan. The agreement administration and the risk fees will be deducted from your savings under the agreement.

3. You will be eligible for a personal income tax relief

We would like to remind that if you voluntarily pay premiums under the unit-linked life insurance agreement, you will be eligible for a personal income tax relief and a refund up to 15% of the total paid insurance premiums. After submitting the Annual Income Tax Declaration, the State Tax Inspectorate will refund a portion of paid personal income tax.

Attention should be paid to the fact that the regulatory framework may be amended and eligibility for the personal income tax relief may be annulled. The insurance premium may be subject to tax in accordance with the acts of law effective at the moment of the insurance benefit payment.

Applicable fees

After the premium fee is deducted from the insurance premium paid by you, the remaining amount will be invested according to one or several investment plans selected by you. Other fees specified in the Price List are deducted from the accumulated amount.

Premium fee 2% of premium
Service fee EUR 1.16 and 0.05% of savings per month
Initial fee 0.34% of the value of initial investment units
Risk fees Depending on the selected insurance cover, sums insured, age and health condition of the insured
Detailed information about applicable fees Price List 012 (PDF, 90 KB)

More detailed information about the insurance services, risk factors, applicable terms and Price List is available at 1528 on a 24-hour-a-day basis or at any unit of AB SEB bankas.


Information in this document about the unit-linked life insurance service offered by UAB SEB gyvybės draudimas is submitted for marketing purposes only. It may not be interpreted as a personal recommendation and 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, AB SEB bankas and  UAB SEB gyvybės draudimas 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 any other market even, which does not depend on the intentions and actions of AB SEB Bankas or UAB „SEB gyvybės draudimas“ 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 characteristics of such financial instruments, benefit and risk factors. You may receive such information by calling at 1528 or by visiting any unit of AB SEB bankas.

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 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.

Insurance benefits will be transferred to the bank account of the recipient  ¬ the insured, other beneficiaries specified in the insurance agreement  or, if not specified – to the bank account heirs.

When is the insurance benefit paid out?

After expiry of the insurance period

At the end of the period, the beneficiary is paid out savings built up under the unit-linked life insurance agreement. After expiry of your insurance agreement, you will be request to provide the following at any unit of AB SEB bankas:

  • identity document (passport of the citizen of the Republic of Lithuania,personal identity card or a residence permit in Lithuania)
  • application for transfer of the insurance benefit to the specified bank account (to be completed at  AB SEB bankas’ unit)

Material information to the policyholders on taxation applicable to life insurance agreements concluded before 1 January 2003 (PDF, 116 KB, in Lithuanian)

Application for insurance benefit (upon expiry of an insurance agreement concluded before 1 January 2003) (PDF, 220 KB, in Lithuanian)

Material information to the policyholders on taxation applicable to life insurance agreements concluded after 1 January 2003 (PDF, 156 KB, in Lithuanian)

Application for insurance benefit (upon expiry of an insurance agreement concluded after 1 January 2003) (PDF, 220 KB, in Lithuanian)

In the event of death of the insured

If the insured person passes away, the beneficiaries specified in the insurance agreement (if no beneficiaries are specified – heirs) will be paid out the higher of the following insurance benefits:

  • amount of life insurance specified in the agreement
  • savings built up under the unit-linked life insurance plan

For information on steps to be taken in case of the insured person's death, please click here.

Occurrence of an insured event if additional insurance cover is selected

If an insured event specified in the additional insurance rules occurs, the amount specified in the injury or accident insurance tables or the seleted sum insured under the critical illness insurance will be paid out. This insurance benefit is tax-free.

For information on steps to be taken in the insured event, please click here.

Death of the insured due to a non-insured event

In cases of a non-insured event, savings built up under the insurance agreement will be paid out. Non-insured events:

  • suicide of the insured within the first three years of insurance
  • death of the insured related to a war, emergency, mass unrest, nuclear exposure, etc.
  • death of the insured related to his or her criminal acts
  • death of the insured during suspension of insurance
  • death of the insured younger than one year

Occurrence of a non-insured event

In this case, no insurance benefit is paid out under the additional insurance rules.

Premature agreement termination

In this case, the surrender value will be paid out to the policyholder. The surrender value is calculated by deducting the agreement termination fee from the amount of savings. The surrender value is specified in the annex to the insurance policy.

If you are willing to terminate your insurance agreement, you will be required to provide:

  • identity document (passport of the citizen of the Republic of Lithuania,personal identity card or a residence permit in Lithuania)
  • application for transfer of the insurance benefit to the specified bank account (to be filled out at AB SEB bankas’ unit)

Material information to the policyholders on taxation applicable to life insurance agreements concluded before 1 January 2003 (PDF, 116 KB, in Lithuanian)

Application for insurance benefit (upon expiry of an insurance agreement concluded before 1 January 2003) (PDF, 220 KB, in Lithuanian)

Material information to the policyholders on taxation applicable to life insurance agreements concluded after 1 January 2003 (PDF, 156 KB, in Lithuanian)

Application for insurance benefit (upon expiry of an insurance agreement concluded after 1 January 2003) (PDF, 220 KB, in Lithuanian)

 


Information in this document about the unit-linked life insurance service offered by UAB SEB gyvybės draudimas is submitted for marketing purposes only. It may not be interpreted as a personal recommendation and 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, AB SEB bankas and  UAB SEB gyvybės draudimas 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 any other market even, which does not depend on the intentions and actions of AB SEB Bankas or UAB „SEB gyvybės draudimas“ 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 characteristics of such financial instruments, benefit and risk factors. You may receive such information by calling at 1528 or by visiting any unit of AB SEB bankas.

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 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.

 

If you need advice

Register for an individual consultation

If you are willing to enter into an insurance agreement

Visit any unit of AB SEB bankas

If you are willing to revise the agreementl terms

Log in to Internet Bank* of AB SEB bankas

If you are willing to make changes to the agreement terms

Visit any unit of AB SEB bankas

Important

Unit-linked life insurance Rules No. 012 (effective since 5 May 2014) (PDF, 114 KB, in Lithuanian)

Additional Child Insurance Rules No. P05 (PDF, 45 KB, in Lithuanian)

Additional Accident and Injury Insurance Rules (PDF, 1,5 MB, in Lithuanian)

Additional Children Critical Illness Insurance Rules (PDF, 56 KB, in Lithuanian)

Price List 012 (PDF, 106 KB, in Lithuanian)

Prices of investment units

More

How to make payments under the life insurance agreement? (PDF, 279 KB, in Lithuanian)


Information in this document about the unit-linked life insurance service offered by UAB SEB gyvybės draudimas is submitted for marketing purposes only. It may not be interpreted as a personal recommendation and 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, AB SEB bankas and  UAB SEB gyvybės draudimas 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 any other market even, which does not depend on the intentions and actions of AB SEB Bankas or UAB „SEB gyvybės draudimas“ 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 characteristics of such financial instruments, benefit and risk factors. You may receive such information by calling at 1528 or by visiting any unit of AB SEB bankas.

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 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.

Calculators

Contact

  • Call us

    Private customers
    1528 (24/7 line)
    Business customers
    19222 (I—V 8.00—17.00)
  • "Skype" (24/7 line)
    Call
  • Write us

    Contact form
  • Representatives of UAB "SEB gyvybės draudimas"
  • Current accounts and other particulars

 

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