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The Junior Savings plan is perfect for building a sum of money for your children or grandchildren to give them the best possible start in life. Money, for example, that can fund their education, pay for a wedding, a deposit on a house or anything they wish for when they grow up.
The Junior Savings is a regular savings plan which gives you the flexibility to choose how much you want to save and for how long. Premiums start from as little as €40 per month and you can add one off capital injections to boost the value of your savings.
In addition to savings, the policy also includes:
- Free life cover of €3,500 on the life insured
- Free Critical Illness benefit of €15,000 on the life of the child
What type of saver are you? Are you prepared to take more risk for a potentially higher return or are you after a less risk but a more steady return?
We categorise our funds into three types: Cautious, Balanced and Growth.
The Cautious fund options offer lower risk and potentially lower reward whereas the Growth fund options offer higher risk and potentially higher reward. The Balanced fund sits between the Cautious and Growth funds in terms of risk and potential reward.
Unit Linked Funds
The information included below is valid for policies purchased between January 2018 and June 2019.
The Unit Linked Funds invest in risk graded funds managed by professional investment managers.
Each risk grading has its own risk and reward profile offering a wide range of choices. You can switch between the Unit Linked Funds anytime throughout the policy period.
Each fund holds a different range and type of assets and the value of the fund can fluctuate on a daily basis. A fund with a higher risk profile is more likely to have frequent and larger fluctuations.
Fund performance is not guaranteed and fund values can rise as well as fall. Based on the performance of the fund you may not get back the sum you have invested. Past performance of the funds is not necessarily a guide to future performance.
For more information refer to the Junior Savings Unit Linked Key Information Document.