Occident launches its new Prime Guaranteed Savings range with a gross annual return of 2.85%

"The new Prime Guaranteed Savings range, which is aimed at conservative profiles, consists of PIAS Prime savings, PPA Prime savings and SIALP Prime savings, with tax advantages depending on the type of product, as well as Prime Growth Savings insurance"

Occident has updated its savings range with the launch of the Prime Guaranteed Savings range, specially designed for investors with a conservative profile. To reflect the current interest rate scenario, the new Occident savings insurance range is being brought to market with the aim of providing an attractive and profitable savings option for customers who want little risk in their investments. The Prime Guaranteed Savings range has a PIAS (Individual Systematic Savings Plan), a PPA (Insured Party Pension Plan) and a SIALP (Long-Term Individual Savings Insurance) that come with tax benefits, both when making contributions and on their redemption. The range also includes the Prime Growth Savings insurance, an insurance policy with guaranteed returns, flexible contributions and liquidity from the first year.

Features of the new Prime Guaranteed Savings range

This new range of products stands out for its simplicity and flexibility, designed to form a personalised pension and savings plan that adapts to the individual needs of each customer. This is achieved by making regular or supplementary contributions, guaranteeing maximum protection for accumulated savings.

In addition, these products offer a guaranteed medium-term and long-term return, removing any risk associated with the investment. The revaluation rate is adjusted quarterly and each product includes the guaranteed recovery of the invested premiums. The flexible design of these products allows the return to be dynamically adapted to changes in the financial market over the economic cycles.

Each product type offers the holder liquidity through access to the accumulated funds, under the terms established by the corresponding legislation. In addition, in accordance with the applicable regulations, the accumulated funds enjoy tax benefits associated with PIAS and SIALP products, as well as the possibility of tax deductions for contributions in the PPA.

This range of products includes life insurance that grants additional capital in the event of the insured party's death. In the Prime Growth Savings option, this protection is extended to cover situations of permanent disability, serious illness or death due to an accident.

"The new Occident Prime Guaranteed Savings products are a simpler and more understandable range for the customer”, explained Daniel Ciprés, the Life Director at Occident. “This is a guaranteed range, which is very comprehensive in terms of the different product offered, which is why we are convinced that it will reflect the preferences of a wide range of prudent and conservative savers”, he concluded.

As a free bonus, all the products in the new Prime Guaranteed Savings range come with completely free telephone legal advice and telephone medical advice, two courtesy services that are very well received by Occident customers. In the case of Prime Growth Savings, this product includes a second medical opinion for serious illnesses or in the event of surgery, as well as the cardiac treatment and rehabilitation service, both physical and psychological, provided that the insured person has suffered a heart disease. Finally, this product also offers help with handling last wills and testaments with the online will and digital erasure service.