Insurance wrapper for flexible saving and investment
An insurance wrapper means that the insurance forms a wrapper for different investment products. You can diversify your savings broadly into different investments with one insurance contract and change investments according to your wishes within the insurance wrapper. Changing investments is free-of-charge in our digital services.
You can select investments from our wide range of options.
- OP Premium investment baskets
- Responsible investment funds
- Saver's funds
- OP's wide selection of as many as 50 investment funds
Typical insurance wrappers are unit-linked insurances, i.e. endowment insurances and savings agreements, i.e. capital redemption contracts, which are all forms of saving through insurance.
By using an insurance wrapper, you can take advantage of the compound interest effect efficiently
You do not pay tax on the investments’ return when you switch investment products within the insurance wrapper. You only pay taxes on any return when you withdraw savings from the insurance wrapper. As an insurance saver, you can thus reuse the sales profit within an investment insurance wrapper. Benefit is created from the compound interest effect.
When you withdraw funds from the insurance for your own use, the return is taxed as capital income. Contributions you have paid into the insurance are not deductible from your personal taxation.