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Life Insurance
Price List for Individuals
| Savings Life Insurance | Borrower’s Life Insurance | Personal Life and Accident Insurance | |
|---|---|---|---|
| Contract costs (from the first insurance premium) | 20 EUR / USD | free of charge | free of charge |
| Commission for contract administration incl. payments prescribed by the laws and regulations of the Republic of Latvia (from each insurance premium) |
2.1% - 4.5%, min. 0.75 EUR / USD per calendar month | 0.2% | included in the insurance payment |
| Fee for administration of the amount of the savings (from the amount of the savings) | 0.5% - 0.75% | 0.75% | - |
| Extension of the duration of the contract | free of charge | free of charge | free of charge |
| Change of beneficiary | free of charge | free of charge | free of charge |
| Change of insurance amount | free of charge | free of charge | free of charge |
| Change of Investment Plan | |||
| - IPAS „CBL Asset Management” Funds1 | 4 times a year free of charge | - | - |
| - In other cases of change of investment plans | 0.75% | - | - |
| Contract currency change (from the amount of the savings) | 1%; min. 10 EUR / USD | - | free of charge |
| Fee for early termination of the contract or payment of part of the savings (from the amount of the savings) |
|||
| - in the first and second year of insurance | 1%; min. 20 EUR / USD | 1%; min. 20 EUR / USD | - |
| - in the third and subsequent years of insurance | 0% | 0% | - |
| Minimum payout amount when making a partial payment of the savings | 1 000 EUR / USD | 1 000 EUR / USD | - |
| Guaranteed interest rate for the savings2 | From 19.07.2019 is not offered for new contracts | 0.5% | - |
| Payment for life and accident insurance | Calculated individually for each insured person | Calculated individually for each insured person | Calculated individually for each insured person |
Limitations
| Savings Life Insurance | Borrower’s Life Insurance | Personal Life and Accident Insurance | |
|---|---|---|---|
| Minimum amount of life insurance | 1500 EUR / USD | In the amount of existing credit liabilities, min. 1500 EUR / USD | 1500 EUR / USD |
| Minimum amount of accident insurance | |||
| - death in the result of an accident | 1500 EUR / USD | 1500 EUR / USD | 1500 EUR / USD |
| - permanent disability | 1500 EUR / USD | 1500 EUR / USD | 1500 EUR / USD |
| - bone fractures3 | 1500 EUR / USD | 1500 EUR / USD | 1500 EUR / USD |
In force from 19.07.2019.
1 Including change of the AS „Citadele banka” „Krājkonts +” investment plan
2 The guaranteed interest rate is fixed for the first five years of the contract. Starting with the sixth year of the contract and every five years thereafter, a new guaranteed interest rate shall be set for the next five-year period
3 Bone and fracture risk can only be insured together with the disability risk. The sum insured for bone and fracture risk may not exceed ½ of the disability risk insurance