About the product

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World Investment Programme is an life insurance with an embedded possibility of investing in Insurance Equity Funds. The product is targeted at Clients who are interested in investing long-term coupled with insurance cover.

The Programme permits investing in Polish and foreign Insurance Equity Funds diversified in terms of potential yield, level of risk and time horizon.

Program Inwestycyjny World permits investing in funds of following Mutual Fund Companies and investment companies:

  • Millennium TFI SA
  • NN Investment Partners TFI SA
  • Generali Investments TFI SA
  • Skarbiec TFI SA
  • Investors TFI SA
  • Quercus TFI SA
  • Ipopema TFI SA
  • BlackRock
  • Franklin Templeton
  • Schroders
  • Fidelity
  • Aviva Investors Poland TFI


  • Access to a broad range of Polish and foreign funds,
  • Insurance cover in the event of death and in the event of accidental death,
  • The investment can be made in three currencies: PLN, EUR or USD under a single insurance agreement,
  • No initial fees; 100% premium allocation
  • Money can be moved between funds denominated in different currencies,
  • Permanent access to the money – complete redemption and partial redemptions are possible at any time (up to the 4th policy year a distribution fee shall apply in accordance with the Terms & Conditions),
  • Free of charge change of funds – up to 15 times during a policy year,
  • Death benefit free from inheritance tax,
  • Capital gains tax deferred until withdrawal of the money,
  • Anyone can be set up as the beneficiary.

Insurance cover is provided by PZU Życie SA.

Bank Millennium SA acts as agent for PZU Życie SA.

Minimum investment amount is 25 000 PLN or the equivalent of this amount in EUR or USD converted at the average NBP rate of the day of making the deposit.


An investment in unit-linked products involves higher costs as well as risks regarding insurance products. In particular one should remember that investing in a policy involves additional costs and and fees regarding insurance policies.

Credit Risk of the Insurance Company – inability of the Insurance Company to pay its liabilities on time, including risk of bankruptcy of the Insurance Company and the possibility of failing to perform contractual obligations to the Policy Holders.

Market Risk – risk of incurring losses resulting from decrease of value of participation units in insurance capital fund, in result of decrease or restrictions regarding sale of financial instruments, in which money is invested in the insurance capital fund.

Liquidity risk – uncertainty involved with the possibility of quickly obtaining proceeds from sale of participation units/titles, in which money in the insurance capital fund is invested, in an amount, which does not differ significantly from current market value resulting from the period between placing a sale order and the strike date.

Risk of loss of capital – involves the possibility of losing the invested capital

Other risks

  • Sector risk
  • Risk of short-term price volatility
  • FX risk
  • Tax risk
  • Legal risk
  • Settlement risk
  • Interest rate risk
  • Risks connected with concentration of assets or markets
  • Product complexity

Detailed information about risk, costs and fees involved with an investment in a fund embedded in an insurance policy is provided in Insurance Terms and Conditions available on the Bank’s website and in branches.

In case of bankruptcy of the insurance company or its insolvency, satisfaction of claims of beneficiaries under insurance agreements is made in keeping with valid principles of Insurance Guarantee Fund.

Insurance benefits are protected by Insurance Guarantee Fund under principles stipulated in the Act of 22 May 2003 on compulsory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers’ Bureau (Journal of Laws No. 124, item 1152, as amended). Additional information on www.ufg.pl.

Legal disclaimers

All and any information contained in this COMMERCIAL PUBLICATION is for information purposes only and does not constitute an offer in the meaning of the Civil Code of 23 April 1964, or a recommendation or an invitation addressed to anyone (or any group of persons whatsoever) to conclude a transaction involving the financial instruments presented herein. In particular, it does not constitute investment, financial, tax, legal or any other advice. Any investment decision should be taken on the basis of information contained in Insurance Terms and Conditions as well as the Key Information Document (KID), not on the basis of the abbreviated description provided herein. The above documents are available on the Bank’s website www.bankmillennium.pl and in the Bank’s branches.

This publication contains the position of Bank Millennium SA (“the Bank”) expressed on the basis of proprietary assessment of facts material for the Bank as well as relevant legal regulations. The Bank assures that it acted with due diligence in order that information contained herein is accurate and based on reliable sources, however it cannot guarantee that information obtained from sources outside the Bank is accurate, complete and up to date. The Bank shall not be liable for financial consequences of transactions made by the Client on financial products described herein. At the same time the Bank reserves the possibility to make changes in form as well as substance hereof, at any time and without prior notice. An investment in Program Inwestycyjny World is not protected by Banking Guarantee Fund.

The risk of using the information contained in this publication, in particular as regards making investment decisions on its basis, shall be borne solely by its recipient.

Investments in insurance of investment nature involve risk, presented in detail in the “Description of Risk Involved with Financial Instruments and Products in Bank Millennium S.A.”, available in the Bank’s branches and on its website www.bankmillennium.pl. Whoever purchases a financial product, accepts and carries responsibility for tax liabilities stemming from valid regulations. With the above risks and circumstances in mind, the Bank’s Clients should have essential knowledge and experience to assess the nature of every contemplated financial transaction as well as risks involved with it. In case of any doubts, Clients should use the services of a tax, legal or investment adviser. The Bank shall provide any and all additional information, which the Client reasonably requests, to enable him to evaluate risks and nature of the transaction.

Dissemination and distribution of certain financial instruments or products as well as trading in them should be subject to restrictions with respect to certain persons and states; it is for the Client to demonstrate legal capacity or eligibility for investing in a particular financial instrument. Offering financial instruments and trading in them may be made only in compliance with relevant legal regulations.

Investing in Insurance Capital Funds involves risk of a loss as well as the obligation to pay handling fees and income tax. The funds do not guarantee attainment of the investment aim or a specific investment result.

Information about insurance agent provided by the Bank under the Act of 15 December 2017 on Distribution of Insurance (Journal of Laws 2017 item 2486 as amended) and is available in the Bank’s branches and on its website www.bankmillennium.pl.

In case of the insurer’s bankruptcy protection is provided today for personal life insurance policy benefits: 50% of receivables, however not more than 30,000 euro. Insurance benefits are protected by Insurance Guarantee Fund under principles stipulated in the Act of 22 May 2003 on compulsory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers’ Bureau (Journal of Laws No. 124, item 1152, as amended). Additional information on www.ufg.pl.

Key Investors Information Document

Key information document

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More details

For detailed information contact your nearest Bank Millennium Financial Centres.