Life insurance: rising interest rates, 1% bonus… good news for Gaipare members

The savers association has revised upwards the interest rate of the euro fund of its life insurance contracts, to 2.55%, in 2024. Payments made until June on its guaranteed capital support will allow to benefit from a bonus of one yield point in 2025 and 2025.

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The 38,000 members of Gaipare will probably smile again. The inter-professional associative group for the improvement of retirement and savings announced, this Tuesday, December 14, an increasing interest rate for its euro fund insured by Allianz. After a performance of 2.30% in 2023, “which may have disappointed some of our members”admitted the president of Gaipare, George Richelme, this climbed to 2.55% for the past financial year. Thus, while the association’s euro fund had underperformed the market in 2023 – the average of the players standing at 2.60% – it should do better than the competition, the average return being expected around 2.50% for 2024. A remuneration which will however remain very far from the best students on the market, first and foremost Corum and its monster rate of 4.65%.

To improve the performance of the guaranteed capital support present on its contractslife insurance and capitalization (Livret Gaipare, Gaipare II, Gaipare Sélection, Gaipare Select F, Gaipare Selectissimo and Gaipare Fidelissimo), Gaipare was first able to count on the rise in bond rates. Indeed, the average yield on bonds subscribed in 2024 on the Euro fund reached 3.50%, which therefore pushed up the remuneration of the support, made up of 90% of this type of investments.

A bonus of 1 yield point in 2025 and 2026 on new payments

Furthermore, and as in 2023, Gaipare has mobilized its provision for profit sharing (PPB), part of the return put in reserve to boost the performance of the fund if necessary. More precisely, 10% of the PPB was redistributed to members, which contributed approximately 0.22 points to the return of the euro fund in 2024. Note that the support reserves have not yet been reduced, the amount of the provision for profit sharing amounting to 62.7 million euros, or a little more than 2% of the total outstanding amount of the euro fund, of 3.1 billion euros.

Another reason for satisfaction for Gaipare members, the latter has decided to grant a performance bonus of 1% for payments made from January 1 to June 30, 2025 on the Gaipare Fidelissimo, Gaipare Fidelissimo Capitalization, Gaipare Selection, Gaipare Select F, Gaipare II, Gaipare Selectissimo and Gaipare Selectissimo Capitalization contracts. A boost to the remuneration of the Euro fund served in 2025 and 2026 which will be granted “without any requirement for units of account”underlined the association.