Pension insurance is a legal wrapper hosting three savings logics. Here are the three types and the cost concepts – with no premiums or return figures: those come from competing offers at quote time.
The predictability route: the insurer manages the savings under rules fixed in the policy terms, with a technical interest rate and surplus-sharing rules.
Middle-ground solutions: a predictable element combined with investment units – the emphasis varies by product.
Your savings work in asset funds you choose – more opportunity and more responsibility: the client bears the investment risk.
All three types live in the same tax framework: the 20% tax credit (with its annual cap) can be claimed on each, under the rules in force.
| Aspect | Classic | Hybrid | Unit-linked |
|---|---|---|---|
| Who bears the investment risk? | Typically the insurer (per the terms) | Shared, design-dependent | The client |
| Where does the money work? | In the insurer's managed portfolio | Fixed element + asset funds | In asset funds you choose |
| Best suited for… | Those who put predictability first | Those seeking a middle path | Those who accept fluctuation long term |
| Maintenance need | Low | Medium | Annual allocation check advised |
| Tax credit | ✓ | ✓ | ✓ |
This comparison is indicative; exact workings are governed by the insurers' current policy terms. The two key questions are your remaining horizon and your risk tolerance – the 2-minute quiz helps with both.
TKM is a cost indicator with a uniform methodology: it began as insurer self-regulation (the MABISZ TKM Charter, 2010), and since 1 January 2016 its calculation and publication have been mandated by MNB Decree 55/2015 (XII. 22.). It shows the annual cost burden your savings carry in a model policy, for given terms. It exists to compare products – on identical terms. We deliberately publish no specific TKM values here: the offer table shows the ranges, calculated for your term. Details: the TKM article.
Many products register the first years' premiums as a separate unit type with higher deductions – which is why early surrender is typically the worst deal. What this means exactly: cost components in plain language.
Many products reward long-term persistence with credits – typically conditional (term, continuous premium payment). Bonuses refine the TKM picture but do not override it: bonuses on the scales.
The anniversary premium increase is a value-following tool: it helps your savings keep pace with inflation. It is typically not compulsory to accept – decision criteria: indexation at the anniversary.
Free of charge and without obligation – by the end you will see your options and the next step clearly.