OP-sijoitusvakuutus

OP Unit-linked Insurance

Save in OP Unit-linked Insurance now at lower cost – you will in future transfer funds to the insurance without charges!

We revised pricing for OP Unit-linked Insurance – you will in future invest in the insurance without the cost of funds transfer. Now is the time to make an additional investment or start saving regularly on a monthly basis. Benefits from investing under a systematic plan are their best at unit-linked insurance. By investing regularly in the insurance, you will balance out risks you would have if you invested more money less frequently.

Saving through insurance adapts flexibly to your life situation. You can change your monthly investment amount, put your saving on hold for a while or switch the investment vehicles in which you invest. Building wealth does not happen overnight. Now you can also easily do transactions on OP-mobile related to saving through insurance – read more.

Why does it pay to invest under unit-linked insurance?

  • You can select several investment vehicles to your contract. You can anytime switch investment vehicles in your insurance and this is how you can decrease or increase the risk level of your investments.
  • Tax will not be levied on income from switching investment vehicles at the time of the switch. You will pay tax only when you withdraw funds from your insurance. 
  • Based on your life situation, you decide yourself how much you save or invest and when you use the money. For example, you can invest in the insurance on a monthly basis or invest a larger amount at a time.
  • You can select your investment vehicle yourself or you can get a personal recommendation from us, if you like.

Do you wish to start saving through insurance?

Book an appointment with an Investment Advisor for starting saving through insurance. You will together with our investment expert choose a saving-through-insurance product and you will make payment plan that suits your needs.

Owner-customer benefits

  • As an owner-customer you can sell, buy and trade nearly all our mutual funds (savers’ funds, socially responsible funds, and equity and bond funds) without fees.
  • As an owner-customer, you can also invest in funds by saving through insurance. OP Unit-linked Insurance and OP Savings Agreement are insurance savings products intended for owner-customers that offer an effortless and flexible means for long-term saving. Switching between investment instruments and transferring funds to insurance savings is free of charge.
  • Owner-customers have automatic access to the second fee level on the stock brokerage fee list, in which the brokerage fee is 0.17% (min. 7 euros), while the fee at the first fee level is 0.2% (min. 9 euros).

OP bonuses

In addition to OP bonuses earned through saving and investment, owner-customer earn bonuses from

  • loans
  • funds in accounts
  • purchases you have paid with the OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

OP bonuses are used for the bank’s service charges and insurance premiums.

The insurance policy is issued by OP Life Assurance Company Ltd. Cooperative banks act as agents for OP Life Assurance Company Ltd.