“Skladba” unit-linked life insurance

»Skladba« unit-linked life insurance is intended for anyone wishing to increase their savings and provide their family with extra social security in the case of an unpleasant event, within life insurance for the case of death.

• the investment policy of investment funds enables protection of investments when stock prices are on the decline;
• a possibility of a free of charge transfer of assets between investment funds selected in a policy within the same unit-linked insurance (without paying tax, as insurance is not terminated);
• exemption from personal income tax payment if the contract is concluded for a period of at least 10 years or more, and the insured person is at the same time also the payment recipient;
• apart from the investment, it also includes life insurance for the case of death (you choose the insured sum according to your needs and wishes).

»Skladba« unit-linked life insurance includes:

• a possibility of simple payment into a selected investment fund;
• a possibility of the minimum monthly investment premium from as low as 50 EUR;
• a possibility of the minimum single investment premium from as low as 750 EUR.

How often and how long can you invest in »Skladba« investment-linked life insurance?
The time schedule of premium payment can be monthly, quarterly, half-yearly, or it can be in the form of a single payment upon taking out the insurance. Besides the regular instalments, there is also a possibility of extra payments. You determine the period of investment policy payment upon taking out »Skladba« investment-linked life insurance (from 5 to 20 years). You can choose among premium payments into several funds.

The features of investment funds within »Skladba« investment-linked life insurance
»Skladba« is based on a single investment or investment in instalments in an international investment fund, whereby you can choose between the Agiléo P2 and Lyxsor Equisys Fund - Euroland R1 investment funds.

Agiléo P2 is an international balanced investment fund with an innovative investment management method.

Agiléo P2 belongs to the new generation of investment funds, the basic feature of which is providing higher returns over a longer period of time.

By means of efficient investment management method, fund managers guarantee maintenance of assets also while share prices are dropping.

The features of the Agiléo P2 fund are the following:

• permanent safeguarding of invested funds equalling a 90-percent value of the first calculated NAV at the beginning of each calendar year;
• dynamic distribution of investments between risky (basket of equity funds) and risk-free investments (money market instruments);
• the fund’s investment policy enables reducing the risk level by transferring risky investments into risk-free ones;
• at the beginning of each calendar year, the level of exposure to risky investments amounts to 50 % of total investments value;
• the fund is suitable for all investors wishing to limit exposure to risky investments.

The Agiléo P2 investment fund is managed by Lyxor Asset Management which is in 100 % ownership of Société Générale Asset Management (SGAM).

The Lyxsor Equisys Fund - Euroland R1 investment fund is an equity fund with investment policy focused on the Euro area markets.

The fund’s innovative investment strategy is focused on exceeding returns, while safeguarding the fund when stock prices are on the decline.

The features of the Lyxsor Equisys Fund – Euroland R1 are the following:

• the fund’s investments comprise of stocks with a maximum annual volatility of 10 %;
• the volatility level of fund’s investments is significantly lower than the comparable market volatility – the higher the volatility, the higher the risk;
• a selection of up to 40 stocks with a high growth potential from the set of stocks which comprise the DJ Stoxx 600 stock index;
• the level of exposure to risky investments is lowered using insurance techniques. The stock portfolio is secured in the range from 0 % to 100 % with the sale of forward contracts to the DJ Euro Stoxx 50 stock index;
• protection of investments when stock prices are on the decline is enabled by the sale of forward contracts;
• in the case of 100 % investment insurance with the use of forward contracts, the risk of the total fund’s portfolio equals 0 %;
• the level of annual protection is not set in advance and adapts to the situation on capital markets;
• the fund is suitable for all investors wishing to limit exposure to risky investments.

Period of insurance for the case of death and insurance company’s warranty
The insurance is lifelong. During the insurance period, you are insured for the case of death in the amount of the agreed sum insured, but not more than until you turn 70, for at least 2,500 EUR above the value of assets entered in the investment policy. When you turn 70, the amount of the sum insured automatically lowers to the cash-in value. The insurance company guarantee for the case of death starts on the agreed starting date of the insurance, but only after the first premium has been paid.

Investment of premium in investment fund units
The insurance company invests the funds in a selected investment fund. The obtained fund stocks (units) form the assets, the amount of which is directly dependent on the change of the investment fund’s unit value, meaning you, as the policyholder (premium payer), carry the investment risk yourself.

Premium for insurance for the case of death
The premium for insurance for the case of death is calculated on a monthly basis for insurance coverage during each current month. The base for the calculation of the premium is the difference between the sum insured for the case of death and the value of the asset units on the policyholder’s personal account, and is charged from the balance on the policyholder’s personal account.

Ratio between the investment and life insurance
The sum insured can vary between 50 % and 200 % of the envisaged sum of all premiums according to the premium payment period in the case of ongoing premium payment, and up to 200 % of a single premium, where the minimum sum above the fund’s value and the insured person’s age must also be considered.

Supplementary insurances within »Skladba« unit-linked life insurance
Within »Skladba« unit-linked life insurance, you can choose, in addition to the basic insurance for the case of death, also two supplementary insurance coverages:

• supplementary accidental death insurance, and
• supplementary insurance for accidental death in a traffic accident.

The sum insured is limited with the amount of the sum insured for the case of death (a minimum of 50 % and a maximum of 300 % of this sum insured, or 400 % provided both supplementary coverages are selected).

The Lyxsor Equisys Fund - Euroland R1 investment fund is managed by Lyxor Asset Management, which is in 100 % ownership of Société Générale Asset Management (SGAM).

Warning
»Skladba« unit-linked life insurance is an insurance product of insurance company Generali d. d., Kržičeva 3, 1000 Ljubljana, which guarantees payment of the sum insured for the case of death agreed in the contract.

Based on permission by the Bank of Slovenia for the agency of insurance services, SKB banka d. d. Ljubljana is an agent for taking out the unit-linked life insurance. SKB banka d. d. Ljubljana assumes no warranty regarding the payments of the insured product.

Investment in »Skladba« unit-linked life insurance is not a bank deposit and does not yield a guaranteed profit. It is also not included in the system of guaranteed investments.

The insurance policy holder is aware that by taking out »Skladba« unit-linked life insurance, he/she assumes the investment risk.

The insurance policy holder assumes the risk of a loss of invested funds’ value, or assumes the risk of losing the asset unit value.

In order to take out »Skladba« investment-linked life insurance, you need a personal identity document (identity card or passport).