Endowment Assurance

Endowment Assurance is an opportunity to make savings for future plans and use personal income tax relief.
  • Convenient making of savings with regular contributions.
  • It is possible to reimburse the personal income tax (23%) for the contributions that do not exceed 10% of your gross annual income in the respective calendar year.
  • Convenient way to manage your savings by using the customers' website mansergo.lv
  • Investment funds can be exchanged without fee at any time during the validity of the contract.

This service is offered by Nordea in cooperation with the insurance company ERGO Life Insurance Latvian branch.
Endowment Assurance contract can be signed at any Nordea Customer Service Unit.

  • Contract currency: EUR.
  • Insurance amount: EUR 1, which will remain unchanged throughout the contract duration.
  • Contract duration: minimum: 5 years, maximum: until the insured person reaches the age of 65.
  • Insurance will take effect with the first payment into the insurer's account.
  • Insured risks: loss of life and permanent disability.
  • Amount of payments is defined individually depending on the customer's age, insurance amount and contract duration.
  • Customer may choose the preferable type of payment: make a single payment or regular monthly payments.
  • Additional payments to top up the savings can be done at any time.
  • Minimum monthly payment: EUR 30, minimum single payment: EUR 1000. Maximum amount of payments is not limited.

Selection and Exchange

Assets are being saved in Nordea investment funds, where everyone can choose the funds most suitable to his/her preferred risk level. Combining the fund programs and various funds offered by Nordea everyone can create his/her own investment profile.

During the validity of the contract, the customer may change the investment strategy and exchange funds several times without fee on the customers' website mansergo.lvOpens new window or by submitting a written request at Nordea Customer Service Units.
Transactions with fund shares are made according to their net value without an additional mark-up. The value of the savings is determined by the changes in the price of the fund share.

We offer to make savings in these investment funds:
Flexible fixed income fund Opens new window
Tactical Allocation BalancedOpens new window
Tactical Allocation ConservativeOpens new window
Nordic Equity FundOpens new window
Nordic Equity Small Cap FundOpens new window
Global Stable Equity Fund (EUR hedged)Opens new window
Latin American Equity FundOpens new window
North American All Cap FundOpens new window
Asian Focus Equity FundOpens new window
Global Bond FundOpens new window
European Covered Bond FundOpens new window
Flexible Fixed Income Plus Fund Opens new window
US Corporate Bond FundOpens new window
Emerging Markets Bond FundOpens new window
European High Yield Bond FundOpens new window
Stable Return FundOpens new window
Danish Kroner Reserve FundOpens new window
European Value FundOpens new window
Nordic Ideas Equity FundOpens new window
Emerging Stars Equity FundOpens new window
Multi Manager Fund AggressiveOpens new window 
Multi Manager Fund BalancedOpens new window
Multi Manager Fund ConservativeOpens new window


Savings in investment funds are always linked to financial risks. Making savings by using more risky investment funds increases the possibility of loss. In case of negative scenario, the investor may lose all or part of the invested assets. Investments are not made directly, therefore the insurant, instead of ownership rights regarding these investments, acquires demand rights against the insurer. Guarantees provided by the Insured Interests Protection Fund do not apply to this product.