K&H: build the security of your retirement years in your mobile bank

The digital offensive continues at K&H, within the framework of which the financial institution provides more and more services via mobile banking. Pension insurance was also added to the banking products and insurance available in this way in September last year. A unique solution on the Hungarian market quickly became popular. The contract conclusion process is easy to understand, extremely simple and fast, and we can take care of our retirement years with just a few clicks. The special investment strategy provided by the insurance company optimizes the available return for the time of retirement. Customers can continuously monitor the value of their savings in the mobile bank.

Younger and saving more

Pálma Székely, head of K&H’s sales and life insurance business, said: “In almost four months, we have reached a point where every fifth new pension insurance policy is taken out by customers via a smartphone, via mobile banking. In addition, those who take out insurance on a smartphone pay an average of 21,000 forints per month, which is 10 percent higher than the average for the entire portfolio.”

Very important, but…

The expert cited the results of K&H’s secure future research last year, according to which the majority of members of the 30-59 age group – 87 percent – ​​consider self-care important, because they believe that it is not enough to rely solely on the state pension in old age. This is also consistent with the result that only 28 percent of the age group concerned expect the state pension amount to be enough to live on.

The sooner someone starts saving for retirement, the larger the amount they can expect after retirement. The K&H pension calculator helps with the calculation, which gives an estimate of how much pension the affected people can expect under current rules and prospects and how much they could supplement their income with pension savings. According to Székely Pálma, an important factor is that a tax credit of 20 percent, but a maximum of 130 thousand forints per year, can be used after pension insurance payments.

It is also worth considering taking out pension insurance for those who would be looking for a new target for the yield from inflation-tracking government securities this year. The amount invested in pension insurance is constantly growing, so it is an excellent alternative for long-term investment.