Life Insurance in Luxembourg

An exceptional financial market

The Grand Duchy of Luxembourg has, over a number of years, gained a reputation as a first rate international financial market, ranked second in the world for collective management.

Its location at the heart of Europe, qualified and multilingual staff, the stability of its social, economic and political environment, its acknowledged financial expertise explain this success.

In parallel, the public authorities have contributed actively to the current position of the Luxembourg financial market by legislating with a view to continuously increasing consumer protection while enhancing innovation and dynamism in the financial sector.

Life insurance

In this favourable context, the life insurance market in Luxembourg has developed considerably over the last 15 years. The market today numbers over 90 insurance companies.

Expansion is most notable among activities carried out outside the national market. It is these operations under the principle of the freedom to provide services which largely explains the boom in this sector in Luxembourg.

The products offered on this market are very diverse, often highly technical and have a very high savings component. Increasing competition on an internationalised market has, naturally, led insurance companies like Euresa-life to engage in the development of innovative products and to raise the quality standards of the products offered even higher.

Neutral taxation

There is no tax on life insurance contracts in Luxembourg for non residents or residents. This fiscal neutrality applies both to premiums deposited, added value realized and capital invested upon settlement of a contract. Policyholders are, however, subject to the taxation in force in their country of residence.