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Youth savings

Plan for your child’s future with BIL! Give your child the best start in life with savings and funds to finance their studies and personal projects

Three attractive savings solutions

  • Billy savings account for children under 12
  • Youth savings account for young people aged 12 to 25
  • BIL Kids Future, tax-efficient life insurance for your child

Our youth Savings account

  • Billy Savings account

    You can open a Billy savings account on your child’s behalf from birth and until their 12th birthday.

    Benefits offered by the Billy savings account:

    • Preferential interest rate
    • Hassle-free regular or one-off payments made through the BILnet client area
    • You will receive a EUR 50 gift from BIL when your child is born and you open a Billy savings account (amount deposited in the Billy savings account)
    • No management fees
  • Youth Savings account

    The Youth savings account is reserved for children aged between 12 and 24 years inclusive. If your child is older than 15, they can open a Youth savings account on their own (for Luxembourg residents). If your child already has a Billy savings account, it will automatically become a Youth savings account on their 12th birthday.

    Benefits offered by the Youth savings account:

    • Preferential interest rate
    • Hassle-free regular or one-off payments made through the BILnet client area
    • Account frozen until 18 years of age and then unlimited free withdrawals and deposits
    • No management fees

BIL Kids Future life insurance

Do you want to give financial help to your children as they embark on a career, study, travel or move out?

Take advantage of BIL Kids Future life insurance

  • Savings
  • Protection
  • Retirement savings
  • Flexibility
  • Tax benefits

Why choose BIL for your life insurance policy?

As insurance intermediaries, we offer you unbiased advice about which solutions best meet your needs and financial capabilities.

Two packages depending on how you see the future(1)

BIL Kids Future by AXA (Juvena)

Simple and attractive savings solution for putting money aside regularly

  • Final capital known at the start and choice of date for payment to the beneficiary
  • Guaranteed minimum interest rate
  • Payment of premiums by the insurance company if the insured party dies
  • Beneficiary profit-sharing payment, if applicable(2)

BIL Kids Future by Foyer

A reliable savings solution featuring substantial death cover.

  • Guaranteed payment when the policy expires of the initially agreed capital
  • Very substantial death cover
  • Payment of death benefits if the insured party dies (doubled in the event of accidental death)
  • Payment of premiums by the insurance company if the insured party dies
  • Beneficiary profit-sharing payment, if applicable(2)

Also enjoy tax benefits(3)

Deduct your premiums from your taxable income within a limit of EUR 672 per year and per person belonging to the household for tax purposes. To simulate other possible deductions, visit www.deductionsfiscales.lu.

Need more information about BIL Kids Future, or are you ready to take out a policy?

Call (+352) 4590-3000 or visit the BIL branch of your choice.

Make an appointment

(1)For more information about fees and conditions, please contact your relationship manager.
(2)Based on the performance of the insurance company; past performance is not an indication of future results.
(3) For Luxembourg tax residents or persons treated as such; the tax benefits depend on each taxpayer’s individual situation, are subject to change, and apply for a minimum policy term of 10 years.