With the arrival of September and after a summer full of expenses, we all begin to seriously consider saving as a necessary objective. And, undoubtedly, one of the alternatives that can offer us the best return for our money are savings and investment insurance policies.
But, among so many options available on the market, it is normal to wonder which savings insurance policies are more profitable. The truth is that the answer depends on many factors, such as your specific needs and, above all, your risk profile as a saver.
In this article we explain in detail how you can find out which are the most profitable savings insurances for you, and we also name some interesting options for this 2025.
What is savings insurance?
In case you are not entirely clear, let us first remind you what savings insurance is:
In short, savings insurance is a financial product that combines the features of life insurance with various savings and investment tools.
Its main objective is to help people accumulate capital over time, guaranteeing a return or benefit and, at the same time, providing coverage in the event of death. Don’t forget that sometimes it can be dangerous to have a lot of money in the current account if it is not generating any interest.
There are two key features of these products:
- Programmed savings. These allow you to make periodic or one-time contributions, which are accumulated in an account so that you can use them in the future.
- Their profitability. These insurances offer a guaranteed interest or a return linked to the financial markets.
Types of life savings insurance: guaranteed and non-guaranteed
Now, there are different types of savings insurance. In fact, that is the first thing you should take into account if you are looking for the most profitable savings insurance because, depending on your expectations and your level of risk, it may be more convenient for you to choose one or the other.
In a general classification, we could divide them into two main types: guaranteed and non-guaranteed.
- Guaranteed: If you have a conservative profile and do not want to run the risk of losing part of your investment, guaranteed products are your best option. This type of savings insurance guarantees both the capital and the interest generated, which means that there will be no surprises at the end of the contract. A clear example of this type of product is the Individual Systematic Savings Plan (PIAS) or the Individual Long-Term Savings Insurance (SIALP), which offer you security in exchange for a lower return.
- Non-guaranteed: On the other hand, if you are willing to take on a little more risk, non-guaranteed products can give you access to a higher return. Here, the percentage of variable income is key: the larger it is, the greater the risk you assume, but also your potential gains.
What is your risk profile?
Therefore, when choosing the most profitable savings insurance for you, it is essential that you first identify your risk profile:
- As mentioned before, if you prefer not to risk any of your capital, it is clear that you have a conservative profile, so you should opt for guaranteed products.
- However, if you do not mind taking small losses in the short term with the possibility of earning more in the long term, you have a more moderate profile and should opt for products with greater exposure to equities.
- It is also possible that you have a risky profile and seek maximum profitability, assuming higher risk and possible fluctuations without any problem.
Whatever your case may be, what we will always recommend is that you analyze your medium and long term needs. For example, the purchase of a car or a house, or even your retirement, since saving now will help you significantly when that time comes.
And, of course, counting on the advice of a professional brokerage such as PIB Group Iberia is always a good idea to find the most profitable savings insurance. No one knows these products better than our experts, who will help you find a policy according to your financial situation and your objectives.
Advantages of guaranteed products
As mentioned above, guaranteed savings products are ideal for those who do not want to put their capital at risk.
Among the advantages of this type of life savings insurance are:
- Guaranteed capital. No matter what happens in the market, the amount you invest will always be protected.
- Fixed interest. You will know in advance how much you will earn each year, which will help you plan your finances with confidence.
- Limited but assured liquidity. There are products that offer full availability of the money at any time, and others that require a minimum permanence. Depending on your objective, it will be important that you consult the liquidity of the one you wish to contract.
Non-guaranteed alternatives: more risk, more benefits
On the other hand, if you are not afraid of risk, non-guaranteed products also have their benefits. We can differentiate between three main types of non-guaranteed savings insurance:
- Fixed income. These are products that invest in financial instruments with predictable returns, such as bonds or treasury bills. Although they do not guarantee capital, they have a moderate risk compared to other investment options. Yields may be lower, but they offer some stability.
- Equities. This category has the highest exposure to assets such as equities, which implies higher risk and also more potential for return.
- Mixed income. This type of product combines fixed and variable income investments, achieving a balance between security and growth potential.
An example of a very popular non-guaranteed product is Unit Linked, do you know them? They are life insurance linked to investment funds, which adds additional coverage in case of death. Their profitability depends on the performance of the funds in which you invest.
These products are usually ideal for those who are looking for a long-term investment and do not mind facing market volatility. In addition, they can offer tax advantages, which makes them a very interesting option if you have experience in investments or if you have the support of a professional to guide you. We are talking, for example, about the PIAS or the SIALP, which offer interesting tax returns at the time of redemption. Look for tax-advantaged savings products whenever possible.
Commissions, penalties and other details to be taken into account
Incidentally, one of the key factors when choosing the most profitable savings insurance policies is the commissions and potential penalties that an early redemption may entail.
Therefore, before signing any contract, be sure to review its terms and conditions. Some savings insurance policies include commissions that can significantly reduce the final profitability, so it is essential that you are well informed!
Remember that the best savings insurance is always the one that guarantees a balance between profitability and security. And if you are not sure which is the best option for you, do not hesitate to seek professional advice from a trusted insurance comparator.
Savings insurance vs. deposits: which is more profitable?
Now, if you have reached this point, you may be wondering whether savings insurance is really more profitable than bank deposits, or vice versa.
Well, the answer is clear: bank deposits usually offer a fixed and limited return, while savings insurance, especially non-guaranteed ones, can provide you with a higher return by investing in financial markets and seeking to offer the best alternative.
Ranking of the most profitable savings insurance policies in 2025
Looking for alternatives to make the most of your savings this year? These are, in our opinion, some of the most profitable savings insurance policies in 2025:
- Million Life Insurance from Mapfre. It offers a guaranteed fixed interest rate for the entire term of the contract, which provides stability to the saver. In addition, it has excellent coverage in case of death.
- Avanza Previsión Savings Products. They combine life insurance with super attractive guaranteed returns.
- AXA PIAS Performance Savings Plan. It offers great long-term profitability and very attractive tax advantages, allowing you to accumulate significant capital for your retirement.
The importance of professional advice to obtain the most profitable savings insurance policies
As you have seen, finding the most profitable savings insurance is no easy task. There are many options on the market, each with its pros and cons, but the most important thing is that you don’t have to make this decision alone.
At PIB Group Iberia, we work with a wide network of insurance companies, so we will always offer you an alternative 100% adapted to your needs.
Don’t think twice: contact us and finally make the most appropriate decision for your savings and your peace of mind.
