Occident guarantees a fixed interest rate of 2.50% per annum for three years in its fifth issue of Elite Capital Savings

"With this new issue, available until July 31 or until the allocation is depleted, the insurer strengthens its lineup of guaranteed products for risk-averse savers."

Occident has introduced a new issue of Elite Capital Savings, a savings insurance policy with a guaranteed interest rate of 2.50% per annum over three years. This marks the fifth release of this product by the insurer within the past year and a half.

Tailored for risk-averse customers who prefer investment security, the savings insurance mandates an initial contribution of at least EUR 6,000. Starting from the third year, additional contributions of at least EUR 3,000 are permitted. Similarly, after the end of the third year of the contract, the insurance policy will apply a quarterly revaluation rate, guaranteeing the security and stable growth of customers' savings.

In terms of liquidity, three months after purchasing the policy, customers can request full redemption of the product. Furthermore, starting from the third year, customers can make partial redemptions and request advances with refunds.

Savings insurance policies are characterised by combining the savings product with life insurance. For this reason, Elite Capital Savings also offers an additional capital, with respect to the accumulated value, in the event of the insured person's death. Similarly to previous product releases, Elite Capital Savings continues to provide telephone-based legal and medical advice as a complimentary service. Thanks to these complimentary services, Occident customers who have purchased this savings insurance policy can access legal advice 24/7 and connect with a healthcare professional via telephone or video call to address medical inquiries.

Capital Savings, Sporadic Savings with short-term liquidity

Last June, Occident introduced a special promotion for its Capital Savings insurance, featuring a guaranteed interest rate of 2.80% for the initial year. This limited-time offer, valid until July 31, enables customers seeking short-term returns to capitalize on market opportunities. Capital Savings can be initiated by making a single initial contribution of EUR 10,000 or more. Following the initial year, the revaluation rate remains fixed on a quarterly basis. Additionally, policyholders have the option to make supplementary contributions of at least EUR 3,000. The product also includes additional capital in the event of the death, amounting to 4% of the accumulated value.

In terms of liquidity, three months after purchasing the policy, customers can request full or partial redemption or advances with repayment.

“Building on the success of earlier releases, we have recently refreshed our lineup of savings products to cater to diverse profiles and investment preferences. In this context, with Capital Savings and Elite Capital Savings we are offering two guaranteed products. These offerings resonate particularly well with risk-averse savers, who also enjoy life insurance coverage and complimentary services like legal and medical advice via telephone.” Daniel Ciprés, Occident’s life director, provides this insight.