Private
- Home
- Private
- Savings and Investments
- Saving for children
- Growth Portfolio Junior
Growth Portfolio Junior
An investment for your child’s future
- Start-up money for the child to start an independent life
- Accumulating the money through investments
- Contributions made at the time and in the amounts of your choosing
- Simpler terms and conditions, and a more favourable price list
Growth Portfolio Junior is a flexible way of saving money for your child.
For concluding a contract sign up for consultation.
-
More than 9,800 parents are saving €40 in a month for their child, on average
-
Parents start saving for children when they are approximately 4 years old
-
The average saving period is 15 years
-
30% of parents take advantage of the flexibility of the product and make additional contributions
2017 data of SEB Elu- ja Pensionikindlustus.
With Growth Portfolio Junior, start-up money can be saved for the child by investing into various investment funds. Investments need to be monitored and managed by the policyholder. The risk arising from investing into funds is higher, but you can earn more income.
Contributions can be made at the time and in the amounts of your choosing. You can set up an e-invoice with standing order contract or a standing payment order to make sure that you are making regular contributions. It is possible to withdraw funds in part from the Growth Portfolio Junior contract.
At the agreed time the child can withdraw the accumulated sum. The contract of Growth Portfolio Junior can be signed by the child’s parents orother close ones.
If you wish to amend your life insurance agreement or terminate it prematurely, please call the insurance line at 665 8020 or write to .
Selection of insurance covers
Growth Portfolio Junior contract can be complemented with insurance covers:
- accident insurance cover provides compensation in case of temporary or permanent injury as a result of an accident with the child;
- insurance cover for the continuation of insurance premiums ensures that if the policyholder dies before the contract ends, the insurance undertaking will continue with the agreed payments according to the latest investment structure in place.
Calculate how much you need to save for your child’s future
-
Monthly deposit in savings accountEURMonthly deposit must be between 35 and 999 EUR1000 EUR(approx.)Amount saved at maturityTax refund amount depends on income and the amount you are already paying in other savings products. To receive tax refunds an application with income data once a year should be submitted in State Revenue Service.
-
Savings termyearsSavings term must be between 10 and 18 years.Expected return–+%The final amount depends on deposited amount, chosen life insurance premiums and funds performance.The expected return can't be greater than 10%ApplyReturn
Please read the insurance terms and conditions and price list of Growth Portfolio Junior before you sign the insurance contract.