Savings: AXA Assurance launches “PATRIMOINE OPTIMIS MULTISUPPORT”

In an increasingly challenging economic context, encouraging savers to continually seek ways to optimize their investments, Multi-support life insurance offers savers the freedom to diversify their investments in savings while benefiting on the one hand from the security of funds in dirhams and other part of the dynamism of UCITS via the unit-linked (UA) compartment.

Multisupport Life insurance is positioned as an excellent alternative to traditional products (Term Deposits, Book Accounts, Classic Life Insurance). Indeed, through units of account, savings access the financial market and benefit from its performance to obtain higher returns.

To strengthen its range of savings products, AXA Assurance Maroc, in partnership with BMCI BNP Paribas, is launching “PATRIMOINE OPTIMIS MULTISUPPORT”. This is a savings contract containing two compartments:

• The fund in dirhams, where the capital is guaranteed with a return that is both competitive and prudent.
• The second unit-linked compartment backed by UCITS (Equities, Bonds, Money Markets, Diversified), managed by BMCI Asset Management, which are both efficient and generate better profitability.

AXA Assurance Maroc allows savers greater flexibility, allowing them to opt for the distribution by compartment that suits them and according to their risk appetite. Savers can also count on the expertise of BMCI BNP Paribas’ wealth managers to advise them on the most appropriate allocation according to their profiles.

During the life of the contract, savers can arbitrate, i.e. transfer funds from the units of account to the fund in dirhams or from the fund in dirhams to the fund of units of account, or even arbitrate between Units of Accounts.

Recourse to the fund in dirhams can be used to secure the capital gains made on the fund in unit-linked funds or consolidate all of one’s savings while waiting for an opportunity on the financial markets.

In addition, “PATRIMOINE OPTIMIS MULTISUPPORT” adopts an advantageous tax framework which governs life insurance in Morocco:

• Before the 8th anniversary of the contract, only capital gains on distributed income will be taxable
• From the 8th anniversary of the contract, a total tax exemption will be applied
• The transmission of life insurance savings contracts to the designated beneficiaries in the event of death is exempt from all taxes and inheritance tax.

For more security, AXA Assurance Maroc offers to back its Multisupport contract, a death insurance, which guarantees to the designated beneficiaries, to receive a revalued capital equivalent at least to the sum of the payments made on the UC compartment.

For savers who wish to seize this opportunity and transfer their existing insurance contracts to the new multi-support contract, this can be done while taking into account tax precedence.

Regarding the performance that can be expected by subscribing to “PATRIMOINE OPTIMIS MULTISUPPORT”;

AXA Assurance Maroc offers Bond UCs providing security with a slight return, and also Unit-linked accounts oriented towards the equity market, certainly presenting a higher risk but moderated by longer-term management, offering potential returns of the highest important.

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