Allianz Life increases total interest rate by 0.3 percentage points
Customers of Germany's largest life insurer Allianz Leben will again be credited with higher interest rates in the coming year. The total interest rate will rise by 0.3 percentage points for all product lines, as announced by Allianz Germany. For the "Perspektive" policies, which no longer provide for lifelong interest guarantees, it will then be 3.8 percent, for the classic life and pension policies 3.5 percent.
The current interest rate will rise by 0.2 percent in each case, with the remainder being allocated to the terminal bonus and participation in the valuation reserves. Modern capital market-related policies, which dominate new business with just under two thirds of new contracts, also benefit from the increase, as part of the money invested in these policies also flows into the security assets.
In an interview with Reuters, Volker Priebe, Allianz Life's Board Member for Private Customers, spoke of a "strong signal to the market". Life insurance cannot be compared with the interest rates offered by banks. "After all, we don't just offer short-term conditions as a lure to new customers." A year ago, Allianz also increased the overall interest rate by 0.3 percentage points, thus responding to the rising key interest rates.
Read also:
- The increase in the total interest rate by 0.3 percentage points is a strong signal to the market, indicating that Allianz Life is committed to providing competitive returns to its customers.
- Despite the higher interest rates, it's important to note that life insurance can't be compared directly with the interest rates offered by banks, as they provide more than just short-term conditions.
- With the rise in interest rates, Allianz Life customers can expect a higher total return on their investments, which might help them live stronger financially in the coming years.
Source: www.ntv.de
