OREANDA-NEWS. January 26, 2011. Last year a number of children’s insurance agreements concluded with life insurance company Bonum Publicum increased by 56 percent comparing to the year 2009. Average monthly premium allocated for care of children’s future amounted to LTL 104 a month in 2010, reported the press-centre of Ukio bankas.

Especially active in insuring their children were residents of smaller towns: in the bigger cities of the country (Vilnius, Klaipeda, Kaunas, Siauliai and Panevezys) only 20 percent of such agreements were concluded, meanwhile 80 percent – in the smaller towns.

“We notice that residents of smaller towns care about future of their children more and the age of insuring parents is getting younger. That is a very positive tendency since when the money is started to be accumulated earlier and the period is longer, allocating the same amount every month, better result may be reached at the maturity of the agreement and the amount of accumulated money for the future of the children is bigger”, - said Rasa Vasiliene - Vasiliauskiene, Director of Life Insurance Company.

Average age of persons concluding insurance agreements in Bonum Publicum on behalf of their children in 2009 were 35 years, meanwhile in 2010 - 32 years. Women entered into 75 percent agreements of children’s insurance and men - only 25 percent. “The proportions have not changed within two years - mothers more often than fathers take real actions seeking to take care of future of their children”, - said R. Vasiliene- Vasiliauskiene.

Bonum Publicum offers two specialized insurance products for children’s financial security assurance - “Insurance of Safe Future of Children” and “Studies Insurance”. Choosing “Studies Insurance”, a fixed scholarship of studies is accumulated for the beginning of independent life. Meanwhile, in case of “Insurance of Safe Future of Children” the accumulated money is invested and the final result depends on success of investments and is not exactly known beforehand. Though, essence of both products is similar: even in case of loss of one of the parents, the money will be accumulated on behalf of insurance company’s account for the future of the child and on the time agreed the child will receive the accumulated amount.

Ukio bankas manages 100 percent of shares of life insurance company Bonum Publicum. The authorized capital of the company amounts to LTL 14.01 million - presently it is the second largest authorized capital among the life insurance companies registered in Lithuania. Risks undertaken by Bonum Publicum are re-insured in the largest re-insurance company in the world MIUNICH RE, having AAA financial capacity rating.