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A unit-linked life insurance “Safe child fund”

Do you know how expensive higher education and student living costs are in Lithuania?

According to the students‘ survey:

  • Parents pay for non-funded studies for 3 of 5 or 60% students.
  • Average expenses of students are about 420 EUR per month, and the largest sum goes for food, rent and maintenance.
  • Parents and other relatives are the main source of income for almost 70% of students.
  • The main challenge of independent life is a lack of money for more than half of the students (60%).

Concluding an agreement of unit-linked life insurance “Safe Child Fund”, you can help your child to take his first steps easier as an adult.

According to the Study of Students‘ Financial Behaviour. The survey is done by “Spinter tyrimai” on August 4-20 in 2020.

Minimum contract period should be 10 years. Add single payment  You can always contribute with separate single payments, e. g. by transferring some savings into Safe child’s fund at the start of the agreement. Remove single payment  You can always contribute with separate single payments, e. g. by transferring some savings into Safe child’s fund at the start of the agreement.

Check your predicted investment return calculation by clicking on each of the different market scenarios:

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Schedule of payment & fees

Positive scenario

Contract year Total amount of payments Risk fees according to pricelist Risk fee is the fee for insurance protection - insurer's promise to proceed saving instead of you, should you die - and it depends directly on agreed monthly premium amount. Management and guarantee fees Management fee is used for management of your contract's life cycle investment portfolio and guarantee fee to protect your contract against negative investment results. Estimated amount accumulated at the end of contract term It's estimated (prognosed) value of savings calculated with estimated interest rates and payments you have defined above. Actual value of saving depends on actual investment performance of assets. Investment performance is not guaranteed as it depends on underlying assets earnings from financial markets during contract period. It is shown already net of contract fees.

• The forecast made is only an example, calculated on the basis of the above assumptions and standard fees, and it does not guarantee that the investment value of the contract or the amount of the guarantee will coincide with the data provided in the example.
• We would like to draw attention that investment value of the contract may both increase and decrease, and is subject to actual profitability of investments. The insurer does not guarantee profitability of investments or saved amount.
• The insurer will pay the guarantee amount only provided the contract remains effective until maturity date and investment amount on maturity date is less than the guarantee amount.
• The assumptions and calculation logic used in this calculator and in the product key information document are different. When choosing an insurance product, please also review the performance scenarios in the product key information document.

You should think of Savings for Child’s Future if you wish to make it easier for your child to get good education or start an independent life.

  • We recommend that you allot EUR 50 per month for your child‘s future (minimum allot EUR 30 per month). You can also make additional payments to increase the accumulated amount, or pay less if you have financial difficulties. In addition, there is an option of a 5% annual indexation of the periodic payment. This means that every year during the term of the Secure Child Fund Contract your payment will be increased 5%: having started from a minimum amount, you will save more with time.
  • Additional insurance premiums to the Safe Child Fund can be made by other persons as well, for example, your child’s grandparents, godparents and others. This can be a meaningful and useful child’s birthday present or a gift on any other occasion. Download a voucher
  • You can earn additional income when your investment grows and receive personal income tax refund from your contributions.

    The State encourages this saving method and applies tax rebates for accumulative life insurance premiums. Therefore, every year you will be able to benefit from the rebate on the income tax of individuals, and recover up to 20 % of the total premiums paid.* The maximum amount of the tax premiums paid per year from which the tax payer can recover 20 % is EUR 1500.

    More information here.

Savings for Child’s Future is a good saving solution:

  • you start to save money for child and we will take care of investments;
  • investment strategy to earn and to protect; At the beginning of the agreement investments are more active, to give possibility to earn more. Then, according to time remaining until the end of the contract, investments automatically will be adjusted to safer ones, providing more security for the accumulated amount.
  • savings is covered by a guaranteed amount at the end of the savings period; This means that, in case if the return on investment is negative upon expiry of the agreement, you will receive the guaranteed amount, i.e. the sum of your payments less the agreement fee. It is important to note that the guarantee does not apply in case of termination of the agreement prior to the end of the savings period.
  • financial safety for your child - your life will be insured; In the event of your death the remaining amount will be paid for you to this contract by Swedbank Life Insurance SE. The sum of the remaining payments will be calculated as follows: the monthly insurance payment (maximum EUR 100) multiplied by the number of full months remaining until the end of the term.
  • flexible contributions selected by you.

Upon conclusion of the Secure Child Fund Contract, an investment strategy tailored to your needs and accumulation term will be selected. Normally, investment strategy at the beginning of accumulation is more risky to enable your fund to earn money. Afterwards the risk is gradually reduced to preserve the accumulated funds.

At the beginning of the Contract term more risk is assumed by investing into equities (shares). Then the investment risk is gradually reduced by transferring part of the investment to bonds. This provides more security for the accumulated amount at the end of the term.

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Your payments will be allocated for the following investments:

Allocation for global equities is a high-risk long-term investment. By allocating funds for this investment one may expect both higher return and greater value fluctuations. The majority of the investments are made in equities in the developed markets, with the remaining part going to equities in the developing markets. The results are more stable in the course of change of economic cycles based on the stability of developed regions and the growth potential of developing countries. Click here for more information.

Allocation for medium-term bonds is a low-risk investment for the period of 5 to 7 years. Less fluctuation in value and lower return can be expected in case of this allocation. Investments are made in the euro area government bonds with a maturity of 5 to 7 years. This is an allocation with the unit value reflecting the average rate of return, i. e. the 5 to 7 year‘s term euro area bond index. Click here for more information.

Allocation for short-term bonds is a low-risk investment for the period of 1 to 3 years. Less fluctuation in value and lower return can be expected in case of this allocation. Investments are made in the euro area government bonds with a maturity of 1 to 3 years. This is an allocation with the unit value reflecting the 1 to 3 year‘s term euro area bond index. Click here for more information.

  1. Log in the internet bank and calculate what is the amount you would like to collect.
  2. Start concluding agreement.
  3. Fill in investment profile questionnaire.
  4. Verify and confirm the data entered.
  5. Monthly contributions will be made automatically, using e-invoices solution.
  6. Print a special certificate. You may fill it in and save together with your child – let the Safe Child Fund become a meaningful present!

downloadDownload a certificate

If you have questions about concluding the agreement online, please call us on 1884.

Our Consultation Centre‘s specialists will be happy to assist and advise you.

Sign up for a consultation

Further information on the payment of insurance premiums
  • Watch a brief instruction on how to pay an additional insurance premium to the Safe Child Fund if the agreement has been concluded by a person other than you.


  • Important! When paying an additional insurance premium, you must indicate your personal identification number.
  • Please note that when an insurance premium is paid by a person other than the person who has concluded the agreement, this premium will not be subject to the Personal Income Tax rebate and will not be included in the calculation of the respective tax refund. Further information of the tax rebate is available here.

Manage savings contract in your internet bank:

Please visit Swedbank branch or call to Consultation Centre in case of:

  • You want to terminate contract it can be done at the branches of the bank or via internet bank having previously called Consultation Centre. Before you do that please take into account, that:

    • If the contract hasn’t been in force for at least 5 years, you will have to pay a fee according to Price list.
    • Guaranteed-amount condition will not be valid.
  • Indemnity payout out at the contract maturity. The person for whom the savings were created should submit an application for indemnity payout in internet-bank or in any Swedbank branch.

If you have any question or hesitation regarding your insurance agreement or disbursement of accumulated savings, you are kindly invited to call us 1884, send us an email or book a consultation via our internet bank to the nearest „Swedbank“ branch.

You will find information about the procedure of claim settlement and answers to the applicants' questions.

In case of any doubt in our answer, you always have the right to apply to the Supervision Service of the Bank of Lithuania: correspondence address: Žalgirio g. 90, LT-09303 Vilnius. The description of the detailed procedure of dispute settlement is available on the website of the Bank of Lithuania.

This is a way to accumulate an additional pension for yourself and to have a guaranteed financially secure old age.

Private Portfolio is for people who appreciate their time and convenience in making investments.

Safe Child Fund is a unit-linked life insurance service provided by Swedbank Life Insurance SE Lithuania Branch through its representative Swedbank, AB.

Secure Child Fund is a unit-linked life insurance service where the investment risk is assumed by the policyholder.

Please note that the investment value of the contract may either increase or decrease depending on the actual yield of investments. The insurer does not provide guarantees of yield on investments and accumulated investment value.

The insurer will pay the guaranteed amount provided that the contract remains in effect until the end of the terms and the investment value of the contract is lower than the guaranteed amount as of the end of the term of the contract.

The information provided may not be treated as the insurer‘s recommendation to choose this service; you are responsible for your choice, therefore, prior to deciding on the entering into the unit-linked life insurance contract you should familiarise yourself with the detailed information contained in the insurance rules, descriptions of investment allocations and other information published on

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