An insurance savings plan for you and your family
You can pick and choose which additional guarantees you want and designate the beneficiaries of the capital in the event of your death.
A life insurance savings scheme in Luxembourg
OptiSave+ is a life insurance policy(1). It helps you to save and invest(2) on a regular basis while enjoying tax benefits(3) .
A solution adapted to your requirements
With OptiSave+ you can:
- save regularly via automatic transfers;
- choose the frequency and amount of premiums;
- choose your investment profile;
- surrender the policy if you need to.
Regular savings with tax benefits
Depending on your individual circumstances, you can access tax deductions thanks to OptiSave+.
Maximum deductible amounts for interest and life insurance
|Family situation||Single||Married or in a civil partnership|
|Taxpayer||EUR 672||EUR 1,344|
|Taxpayer + 1 child||EUR 1,344||EUR 2,016|
|Taxpayer + 2 children||EUR 2,016||EUR 2,688|
|Taxpayer + 3 children||EUR 2,688||EUR 3,360|
|Per child||+ EUR 672||+ EUR 672|
Frequently asked questions
Your financial capacity and goals will determine how you save. You have the choice between monthly, quarterly, semi-annual and annual payments.
The minimum pay-in amount is €50.
The capital goes to the person (or people) designated by the policyholder. This can be a child, spouse or any other person, whether or not they are related.
It’s also possible to switch beneficiaries during the policy term.
You have 30 days to cancel your policy. The recommended minimum policy retention period is 10 years, in order to benefit from the special life insurance tax scheme. Should you need it, you can request the full redemption of your policy at any time. However, redeeming your policy may have negative consequences, for your taxes, but also for performance, the capital guarantee, or redemption fees.
As a Luxembourg tax resident or an “equivalent” resident for tax purposes, the premiums paid are tax-deductible as “special expenses”. Premiums paid are tax-deductible as “special expenses” for all policies with a minimum 10-year term (up to €672 per household member – Article 111 of the Luxembourg Income Tax Law, or LIR).
When the policy matures, Luxembourg residents benefit from a complete tax exemption on the capital accrued.
(1) This product, designed by Cardif Lux Vie, is distributed by its insurance agency
BGL BNP Paribas. Cardif Lux Vie is a
Luxembourg insurance company. Subscription subject to conditions and approval of your
application by the bank.
(2) There is no capital or return guarantee for this product. Investments
in the funds are subject to market fluctuations
and to the risks inherent in securities investments. The fund fact
sheets are available in your local branch.
(3) Tax deductibility varies based on the personal situation of each client and is subject to change. The premiums you pay under the policy are tax deductible under Article 111 of the Luxembourg Income Tax Law (LIR). Any premiums paid under the policy will be tax-deductible up to €672 per person belonging to the tax household and per annum, provided the policy is held for at least 10 years and subject to compliance with the terms and conditions set out in Article 111 of the Luxembourg Income Tax Law (LIR). This ceiling applies for all eligible insurance policies and debit interest.
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