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Save yours and your family’s future

STUDENT SAVING PLAN
Save for a brighter future
PENSION SAVING PLAN
Retirement is a very important period in life and we must enjoy it to the fullest
TAX RELIEF SAVING PLAN
A plan to reduce your tax obligations
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Saving, Pension or Student plan helps you financially in the long-term so that you can have an secure future.

Student Insurance Plan

Dreams are the beautiful thoughts we create, with the hope that we can make them come true!

The Student plan is addressed to parents or grandparents willing to save for their kids future, from birth to the age that they will require the funds.

Pension Insurance Plan

The Pension plan is created for individuals wishing to build sufficient capital for  retirement income.

Secure your future and be ready for your retirement from now.

Tax Relief Insurance Plan

Premium payments are eligible for income tax relief and the saving income is free of tax.

Request a quote and get a saving plan to reduce your tax obligations

Saving Plans

Minimum monthly premium
40 Monthly
  • Student Insurance Plan
  • Pension Insurance Plan
  • Tax Relief Insurance Plan
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Having a savings insurance plan in Cyprus offers several benefits:

  1. Risk Diversification: Savings insurance allows for investment in a variety of assets, reducing the risk that comes with investing in a single entity or sector.
  2. Professional Management: Funds are managed by professionals using advanced methods and technology to monitor markets and ensure expected returns.
  3. Discipline for Saving: These plans encourage long-term saving commitments, with penalties for early withdrawal to discourage using funds meant for long-term goals.
  4. Flexibility: While intended for long-term needs, some plans offer the flexibility to access funds for emergencies.
  5. Tax Benefits: Savings insurance and private pensions are recognized by Cyprus tax authorities as valid tax exemptions, offering significant tax deductions.

In Cyprus, these plans are particularly attractive due to the tax exemptions provided, which can lead to a lower risk and a higher net return compared to other investment options. They also offer life coverage, capital growth opportunities, and future planning for children and retirement, coupled with tax-saving strategies approved by the Republic of Cyprus.

In Cyprus, savings insurance plans are recognized by the tax authorities as valid tax exemptions. This means that contributions to savings insurance or private pensions can be deducted from your taxable income, subject to certain conditions. Here’s a summary of the key points:

  1. Tax Exemptions: The sum of certain expenses, including contributions to savings insurances or private pensions, can be completely exempted from taxation, provided it does not exceed 20% of the gross income.
  2. Tax Deductible Returns: The returns on savings insurance and the contract’s redemption value are also tax-deductible, making them more attractive than bank deposits.
  3. Investment Management: Savings insurances are often unit-linked funds, managed by investment banks and companies, which invest in a variety of saving and investment products.
  4. Risk Categories: These funds are categorized based on risk levels—conservative (low-risk), moderate (medium-risk), and aggressive (high-risk)—to suit different investment goals.
  5. Regular Updates: Insurance companies provide regular updates on the value of investment units and the funds’ investment policy, which is also published in private Cyprus newspapers.

These features make savings insurance a compelling option for tax-efficient saving and investment in Cyprus. It’s advisable to consult with a financial advisor to understand how these tax exemptions can benefit you based on your specific financial situation.

Request a quote or book an appointment:

Combine Savings & Motor/Home Insurance
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5 good reasons to make us your insurance agent in Cyprus!

We provide bespoke solutions to suit individual needs
We guide you through all Incident Procedures
We are by your side, to help whenever you need

 

We offer 24/7  Support for every situation

 

We settle claims fast, with your best interests at heart
What our customers say about us:

Professional, helpful, reliable, responsive, experienced insurance agent in Cyprus!

Jenni Robinson
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Maria has been super helpful, suggested appropriate policies for me within my stated budget and has offered excellent advice. I would highly recommend her!
Hady Nasrallah
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Great customer service , I was totally satisfied with the fast replies and simple services without any complexity , I will surely stay with such respective , professional and friendly agency.
Stelios Paloungos
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Excellent service from a personal experience! A Pro ! A++++
Kallis Ioannou
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” Very professional and always happy to help! “
Anastasia Danilova
Анастасия Данилова
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Positive: Professionalism, Quality, Responsiveness, Value Maria was very helpful with all my paper work As a new patron in cyprus Very professional and quick service I recommend everyone to use her services
David Kindley
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Maria was very reliable and professional when I needed last minute cover for car insurance. Quick service which meant less worries for me. Highly recommended!
Irene Zaloumi
Irene Zaloumi
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Reliable and Professional insurance agent !!
Vicky Marinou
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Recommend!! She is great at finding me the best coverage. Very professional and always has the answers for me for any situation.
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