Spain: Aviva Vida y Pensiones launches Aviva Assured Pension Plan

Aviva Vida y Pensiones, a company specializing in life assurance, pension plans and health, has launched onto the market the Aviva Assured Pension Plan which offers a guarantee of profitability and certain tax benefits arising from the new regulations on PPAs (Assured Pension Plans).

As a distinguishing feature, it offers long-term investment at five, ten or fifteen years, with guaranteed rates of interest of 4.15%, 4.40% and 4.80% respectively.

Aviva Vida y Pensiones, a company specializing in life assurance, pension plans and health, has launched onto the market the Aviva Assured Pension Plan which offers a guarantee of profitability and certain tax benefits arising from the new regulations on PPAs (Assured Pension Plans).

The Aviva Assured Pension Plan, which requires a minimum contribution of 1,500 euros, offers as 'something new' the possibility of long term investment from the very outset (5, 10 or 15 years) with guaranteed rates of interest - until the current issue is extinguished - of 4.15%, 4.40% and 4.80% depending on the investment term selected by the client. In addition, it guarantees a minimum technical rate of interest of 2% throughout the duration of the contract.

For contributions of less than 1,500 euros, the Aviva Assured Pension Plan has the Aviva Account, with a minimum guaranteed technical rate of interest of 1.80%, in which periodic amounts accumulate until they reach the 1,500 euros necessary for access to the Aviva PPA, under investment conditions pre-selected by the taker or selected at the time of setting up the Aviva PPA.

The client has the possibility of insuring a capital sum for death and total permanent disablement in accordance with his requirements and, consequently, of making a tax deduction of the premium corresponding to such cover. In any event the Aviva Assured Pension Plan offers a minimum guaranteed sum for death of 300 euros in addition to the mathematical provision.

  • Aviva is Europe's foremost insurance group in the life and pensions market.
  • Aviva in Spain is one of the leading companies in the life assurance and pensions sector; it markets its products through professional intermediaries (Aviva Vida y Pensiones) and through strategic alliances (at 50%, and managed by Aviva) with some of the principal Spanish savings banks (Bancaja, Caixa Galicia, Unicaja, Caja Espańa and Caja General de Granada).

Media contacts

Jesús Larena, jlarena@devacf.es
Ińaki Miguel, imiguel@devacf.es
Deva Comunicación Financiera www.devacf.es
Tel. 913 60 16 68 Fax. 913 60 16 70 Móvil. 661 30 53 45

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