Creand Insured Retirement Plan
Creand Insured Retirement Plan is designed for those who want to save and be confident that they will obtain a guaranteed annual return.
Characteristics
This plan is suitable for those who want to save conveniently in order to obtain income in addition to the Caixa Andorrana de Seguretat Social (CASS) pension, to enjoy retirement without worries and with a guaranteed annual return.
- Your savings grow by means of easy regular payments (monthly, quarterly, half-yearly or yearly) or one-off contributions (with a minimum amount of 100 euros).
- Very flexible options for adjusting, modifying or suspending regular contributions.
- You can also contract supplementary life insurance that guarantees the beneficiaries will receive the total capital (insured) at the maturity of the product, in the event of the death or disability of the insured (legal guardian).
Advantages
- Protection of capital. 100% of your contributions guaranteed at maturity (capital guaranteed at maturity of the product).
- Profitability with maximum transparency. We offer you a guaranteed annual net interest rate (free of commission and other charges). You will be informed of this interest rate at the beginning of each year. Profitability will be determined annually in accordance with market conditions.
Redemption
- Redemption is allowed once two years have elapsed after the product is contracted.
- From the end of the second year, and up to 2 years before maturity, partial (minimum of €300) or total redemption is possible with a penalty of 1% of the capital redeemed. In this case, therefore, the capital will not be guaranteed.
- The surrender value is the minimum amount between the mathematical provision and the market value of the linked assets.
- Durant els 5 anys anteriors al venciment, el capital rescatat no estarà subjecte a cap penalització.During the 5 years prior to maturity, redeemed capital will not be subject to any penalty.
Exceptionally, capital can be redeemed in any of the following cases:
- If the policy holder is unemployed for more than 6 consecutive months.
- If the policy holder, the policy holder's partner or any of their children is affected by a serious illness.
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If the policy holder leaves the country.
If redemption is voluntary, the capital is not guaranteed.
Maturity
The plan guarantees a single capital amount comprising the contributions made plus the sum of the interest obtained each year.
When the policy matures, all the capital will be available in a single payment. According to the client’s wishes, this capital can be transformed into an annuity for a certain number of years or until death, or the two options may be combined.
Maturity
The plan guarantees a single capital amount comprising the contributions made plus the sum of the interest obtained each year.
When the policy matures, all the capital will be available in a single payment. According to the client’s wishes, this capital can be transformed into an annuity for a certain number of years or until death, or the two options may be combined.
FAQ
If you have questions about our products, take a look at the answers to frequently asked questions in this section.
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