OP Capital Redemption Contract (OP Kapitalisaatiosopimus)

Capital redemption contract for long-term saving and investment
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Build your wealth with a capital redemption contract

Do you have plans or goals for the future for which you would like to build up wealth? OP Capital Redemption Contract is a unit-linked capital redemption contract for long-term saving and investing. It is suitable for both new and experienced investors.

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Wide range of investment products and free switches between investments in the online service

You can pick mutual funds and investment baskets for your capital redemption contract from our wide range of products. OP Capital Redemption Contract lets you diversify your savings and switch to low-risk investment products at any time, for example. When the markets or your goals change, you can always change your investments free of charge in the online service. You only pay taxes on capital gains when you withdraw funds.

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If you are an OP cooperative bank owner-customer, your savings will earn you OP bonuses

You can start saving with 100 euros a month, for example, and change the amount depending on your situation. As an OP cooperative bank owner-customer, your savings also earn you OP bonuses that can be used to pay insurance premiums and service fees.

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What is the OP Capital Redemption Contract (OP Kapitalisaatiosopimus)?

OP Capital Redemption Contract is a unit-linked capital redemption contract for long-term savers with an investment horizon of at least three years. The Capital Redemption Contract is an insurance contract, but it is not a traditional insurance policy that provides compensation for accidents, for example. A capital redemption contract does not involve an insured person or a separately appointed beneficiary.

The insurance contract forms a wrapper to which various investment products such as funds are added. The development of the savings follows the performance of the investments selected for the contract. One of the advantages of saving through insurance is that you can switch between investments inside the insurance wrapper without paying tax on capital gains. Along the way, there may be market upturns and downturns and major changes in your life that may make you want to re-evaluate your investment plans. You can build your personal investment portfolio within the OP Capital Redemption Contract.

The maximum period of validity of the OP Capital Redemption Contract is 30 years. When the saving period ends, the funds accrued in the Capital Redemption Contract are paid to you. Of course, you can withdraw funds at any time during the agreement's period of validity. 

One capital redemption contract – plenty of flexibility

  • You can save a monthly sum, make larger investments at once or both
  • You can raise or lower the amount you save monthly at any time, make additional investments or take a break from saving.
  • You can also withdraw all or some of your savings at any time. There are no restrictions to the number of withdrawals.
  • OP Capital Redemption Contract is valid for 30 years or until you turn 100 years of age, but you can also terminate the agreement earlier.
  • We offer both high-risk, high-yield investment products and options for more conservative investors. If your circumstances change, you can easily switch to other investments that match your new needs.

Wide range of investment products

Select investments from our wide range of options. You can choose different funds and investment baskets for your capital redemption contract, including:

  • OP Premium investment baskets
  • Responsible investment funds
  • Saver's funds
  • OP's wide selection of as many as 50 investment funds

Also check out OP Unit-linked Insurance

Are you interested in saving through insurance but looking for a more long-term solution than the OP Capital Redemption Contract? OP Unit-linked Insurance is an endowment policy that is not limited to a maximum period of 30 years but is valid until you turn 100 years of age.

When the policy expires, the funds are paid to you or another beneficiary you have appointed. Unit-linked insurance also includes cover in the event of death. This means that in the event of your death, the funds are paid to the beneficiary you have appointed.

About Capital Redemption Contract

For how long is OP Capital Redemption Contract valid?

OP Capital Redemption Contract is valid for 30 years or until you turn 100 years of age. You can also terminate the policy early at any time.

Is OP Capital Redemption Contract suitable for estate planning?

Capital Redemption Contract may be suitable for estate planning when you want the distributees of your estate to have the option to continue investing or time the withdrawal of funds depending on the markets, for example. A Capital Redemption Contract does not include a beneficiary and does not end upon the policyholder's death. In the event of death, OP Capital Redemption Contract is transferred to the estate, and the distributees can continue investing in the policy, withdraw part of the funds or terminate the policy entirely.

If you want to personally appoint the beneficiaries of your savings in the event of your death, OP Unit-linked insurance is a suitable option for you.

OP Capital Redemption Contract (OP Kapitalisaatiosopimus) product description, insurance terms and conditions, charges and fees, and Key Information Document (in Finnish)
OP Unit-linked Insurance (OP Sijoitusvakuutus)
Digital services for insurance savers

The insurance policy is issued by OP Life Assurance Company Ltd. Cooperative banks act as agents for OP Life Assurance Company Ltd.