CSOB Savings Program Optimal/Maximal

This involves life insurance with regular payments that is intended for citizens aged 18 to 65. The individual versions of the program differ according to the type of premium investment and the use of tax relief. Companies can use the program to receive special rates on insurance premiums for their employees.

Benefits

The insurance will allow you to achieve long-term appreciation of invested funds with an option to decide on their placement according to your choice. Other benefits are, for example:

high-quality insurance cover, which can be changed according to the needs and the age of the insured person,
selection of investment strategy,
tax relief,
availability of financial funds in case of need,
possible arrangement of life insurance with an insurance amount of up to CZK 1 million (without medical examination and submission of medical documentation),
payment holidays in case of inability to pay insurance premium,
extra deposits,
possible switching to paid-up status,
indexation, i.e. annual increase in the insurance amount by the rate of inflation without having to fill-in medical questionnaires.

Investment programmes for insurance Maximal

Protected fund – for investors who require a yield by several per cent higher than the yield offered by term deposits and who also require some protection for their investment. Recommended investment horizon: 2 - 3 years.
Conservative fund – for investors who require, in particular, stable value of invested money and a yield slightly exceeding the yield of bank term deposits. Recommended investment horizon: 2 years.
Balanced fund – for investors who do not mind possible short-term fluctuations in the value of their investment and who require a yield exceeding the yield of bank deposits by several per cent. Recommended investment horizon: 3 years.
Growth fund – for investors who do not mind possible medium-term fluctuations in the value of their investment and who require a yield substantially exceeding that of bank deposits. Recommended investment horizon: 5 years.
Dynamic fund – for investors who do not mind possible fluctuations in the value of securities during the time of investment and who require a high yield on invested money. Recommended investment horizon: 5 – 7 years.
Equity mix – for investors who do not mind large fluctuations in the value of securities during the time of investment and who require maximum yield within a long-term investment horizon. Recommended investment horizon: 5 – 7 years.
Financial independence fund – for investor, generation of thirty, who are interested in an actively managed portfolio, where the unit of shares and bonds are optimised in dependence of investment horizon (up to 2040). Convenient for investors who do not mind fluctuations in value of securities during the time of investment and who require a high yield on invested money.

Get Acquainted

Variants of insurance according to the method of investing the premium and the use of tax breaks.
Other characteristics:

tax relief in the form of depreciations of paid premiums from the tax base in the amount of 1000 to 12 000 CZK per annum,
wide range of insurance coverage for cases of unexpected complications:
- permanent full disability as a result of an injury (when arranging a least one coverage free of charge),
- permanent full disability as a result of illness,
- serious illness,
- death,
an offer of insurance covers with extraordinary benefits:
- death as a result of an accident, with double compensation in case of a traffic accident - up to CZK 1 million,
- permanent consequences as a result of an accident - up to CZK 2 million,
- hospitalization as a result of accident with possibility of double indemnity up to 500 CZK per day in hospital.

Available options for paying insurance premium:

The amount of the payment of the premium is at least 400 CZK per month,
The premium may be paid at annual, half-year, quarterly, or monthly frequencies.

The method of paying the insurance premium and other fees is indicated in the Price List.

Creation of the capital value of the insurance is influenced by:

the yield of individual funds and the selected manner of allocation of funds (client’s investment strategy) for products MAXIMAL, MAXIMAL 60 and MAXIMAL 60 Z,
the interest rate (so-called technical interest rate at which the invested money is appreciated) for products OPTIMAL, OPTIMAL 60 and OPTIMAL 60 Z in the amount of at least 2.4 % p.a.,
the amount of fees (see the Price List).

Terms of Use

You may use the insurance if you are a Czech citizen or foreigner aged 18 – 65

Other terms and conditions:

submission of an ID card (Czech citizens) or a passport (foreigners),
willingness to answer several questions in a very short health questionnaire when a draft contract is filled-in,
first payment of the insurance premium on the day of signing the draft insurance contract.

It is not a condition that the current or other kind of account in CSOB be opened.

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