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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

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    Four attractive savings solutions

    • Flexicav savings plan*
    • BIL Kids Future, tax-efficient life insurance for your child*
    • Billy savings accountfor children under 12*
    • Youth savings account for young people aged 12 to 29

    *For the birth of your child, up to 150 euros offered to invest in our savings solutions! (€50 in Flexicav, €50 in BIL Kids Future, €50 in Billy savings account)

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    SICAV savings plan

    Flexicav: an investment fund savings plan to build up capital at your own pace

    In addition, 50 euros are offered by BIL for opening a Flexicav at the birth of your child (amount placed in Flexicav)

    Discover its benefits and how it works

    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

    50 euros offered by BIL for opening a BIL Kids Future life insurance at the birth of your child (amount placed in the life insurance)

    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

    BIL Kids Future by AXA

    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(1)

    Protect4life by Foyer

    Periodic premium savings-protection solution that can offer tax advantages under Article 111 LIR.:

    • Protection of loved ones in case of death
    • Guarantee of an orphan's pension to one's children
    • Regular savings for at least 10 years while accepting the risks of stock market investment
    • Income protection in case of disability

    Also enjoy tax benefits(2)

    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.

    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.

      The benefits of 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 29 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.

      The benefits of 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

    Need more information about about our youth savings solutions?

    Make an appointment

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    (1) Based on the performance of the insurance company; past performance is not an indication of future results.
    (2) 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.