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FAQ

Ancoria Life Policy

You can pay your Ancoria life policy premiums directly through your bank. There is no minimum investment amount or minimum number of payments, and you don’t need to pay at intervals. You can make regular payments over the course of your policy or increase the amount you pay in at any time, i.e. if more funds become available from an inheritance, an existing investment portfolio, or from a fixed-term deposit account.

Premiums can also be paid automatically by direct deposit. Simply set up a standing order with one of the banking institutions Ancoria cooperates with in Cyprus.

Use Ancoria OnLine to view your portfolio, your transaction history and your investment performance. You can also generate statements as well as change your investment strategy, by switching between funds.

Premiums will be invested on the next valuation day following their receipt, as long as payment is received before 13:00 Cyprus time. Ancoria funds are valued on a daily basis, except structured funds, which are valued every Friday.

Yes. There is no lock-up period. You can partially or fully liquidate your policy at any time and transfer your money to your bank account. You can also use a standing order to surrender money from your policy at regular intervals.

To choose the right fund, you first need to understand your investor profile. In other words, you need to know your investment horizon (the total length of time you expect to stay invested) and your risk tolerance (the level of risk you are able and willing to assume). You can use our online Investor Profiler to figure this out, or you can speak directly to one of our financial experts. To view our ready-made fund options, click here.

Yes. You can change your investment strategy at any time by logging in to your online account.

Yes. You can change your beneficiaries at any time, but you must communicate your changes to us in writing.

No, Ancoria Life Policy does not provide tax relief. However, you may take advantage of reduced tax liabilities, because you pay no capital gains tax and no defense tax on interest earned through our funds.

If you’re an employee, manager, or the director of a business looking for tax-efficient pension solutions, please click here.

We operate under a robust legal and regulatory framework supervised by the Insurance Companies Control Service of the Cyprus Ministry of Finance. We maintain healthy capital ratios, consistently going over and far above Solvency II requirements.

Our life policy is governed by Class III of the Law on Insurance and Reinsurance Services and Other Related Issues 38(I)/2016: Life Insurance Linked to Investment Fund.