Creand Insured Study Plan
Creand Insured Study Plan is aimed at those who want a convenient way to build up a fund for the future of their children, grandchildren, nephews or nieces.
Characteristics
It is suitable for adults with children, grandchildren, nephews and nieces, or other minors for whom they are responsible, who are interested in contracting a savings plan thinking about their future.
- 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
CrèditPla Estudiant Assegurat guarantees:
- 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.
After 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
During the 2 years prior to maturity, capital redeemed will not be subject to any penalty.
Exceptionally, capital can be redeemed in the following cases:
- If you are unemployed for more than 6 consecutive months.
- If you, your partner or any of your children are affected by a serious illness.
- If you leave the country.
If redemption is voluntary, the capital is not guaranteed.
Maturity
At the earliest, maturity will occur on the date of the child’s 18th birthday. If the product has been contracted after the child’s 14th birthday, it must be held for a minimum period of 5 years.
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 or the two options may be combined.
Maturity
At the earliest, maturity will occur on the date of the child’s 18th birthday. If the product has been contracted after the child’s 14th birthday, it must be held for a minimum period of 5 years.
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 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.