/ Life insurance

    Endowment Life Insurance

    Insurance company CBL Life (AAS CBL Life) is a subsidiary of CBL Asset Management, a Citadele Group company, which provides endowment life insurance services to individuals and corporate clients.

    Endowment life insurance is long-term savings with the opportunity to receive income tax refund, as well as add life and/or accident insurance.

    Benefits of making contributions under the Endowment Life Insurance Contract:

    • Opportunity to make savings for various purposes
    • Possibility to receive personal income tax refund of up to 20%*
    • Possibility to insure the life and/or accident risks
    • Possibility to specify the beneficiary of the savings
    • Free amount and regularity of payments
    • Monitoring of the savings through the Internet
    • Change of a number of contractual conditions free of charge
    • Inheritance of the accrued capital

    Savings can be built up both by choosing one of the cautious fund-raising types and by investing your money dynamically in a fund or funds which are most suitable for you and which are managed by CBL Asset Management or another company; it is possible also to combine options dividing the risk.


    * You can receive an income tax refund of up to 20% of the premiums having been paid to the endowment life insurance (if the contract is concluded for at least 10 years, if the contract is not terminated earlier than 10 years after its conclusion, or if a part of the savings has not been paid out), in amount which does not exceed 10% of the annual taxable income.