The 2023 life insurance rates have been revealed one by one since the beginning of January. If certain contracts offer very attractive boosted remunerations higher than the 3% of the Livret A, they are unlikely to offer a base rate equal to the savings book preferred by the French. What are these contracts that bring in more than Livret A?
Since February 1, 2023, the Livret A rate has increased to 3% and will remain frozen until January 31, 2025. Good news for savers who should finally benefit from a positive return net of inflation from the second half of 2024. Regarding life insurance, the other flagship investment of the French, the 2023 rates have been falling one by one since the beginning of January. Despite a clear rebound in returns on euro funds, few contracts announced a rate higher than that of the regulated savings account.
2023 life insurance rates: the best returns published in 2024
France Mutualiste offers a rate of 3.70%
The mutual insurer is the only one offering a higher base rate that of Livret A for the year 2023. In fact, France Mutualiste provides a return of 3.70% net of management fees for all its life insurance contracts, including its flagship Actpargne 2 contract. of 1.59 points, this rate is served to all members without investment conditions in units of account (UC), these investment vehicles riskier than euro funds whose capital is guaranteed. However, social security contributions of 17.2% must be deducted: an operation which increases its rate 3.10% which therefore remains higher than that of Booklet A.
As a reminder, if the Livret A rate rose to 3% on February 1, 2023, it previously stood at 2%. Its average performance therefore reaches 2.92% for the year 2023.
Another player is on par with the Livret A rate: the insurer Garance. The remuneration paid to its policyholders for the past year amounts to 3.5% net of management fees, therefore almost 2.9% once social security contributions have been deducted.
| Insurers, mutuals and associations | Flagship contract | Rate 2022 | Bonuses 2022 | Rate 2023 | Max bonus 2023 |
|---|---|---|---|---|---|
| Afer | Afer Multi-Support | 2.01% | – | 2.22% | – |
| AG2R La Mondiale | Vivpargne 2 | 1.08% | – | 2% | – |
| Agipi | Key | 2.05% | – | 2.45% | – |
| Allianz | Allianz Life Fidlit * | 1.73% | 3.17% | 2.52% | 4.50% |
| Asac-Faps | Retirement Savings 2 Plus | 2% | – | 2.10% | – |
| Abeille Assurances (formerly Aviva France) | Aviva Epargne Plurielle | – | – | – | – |
| Axa | Arpges | 1.40% | 2.10% | 2% | 3.50% |
| Carac | Profile | 2.50% | – | 3.30% | – |
| CNP Assurances | CNP One | 1.20% | 3.40% | % | % |
| Gaipare | Selectissimo | 2.20% | – | 2.30% | – |
| Madder | Garance Savings | 2.80% | – | 3.50% | – |
| Generali | Himalia (AGGV fund) | 1.45% | 2.90% | 2.60% | 4% |
| GMF | Multo | 2.05% | – | 2.80% | – |
| Groupama & Gan | Groupama Modulation | – | – | – | – |
| Mutualist France | Actpargne2 | 2.11% | 2.31% | 3.70% | – |
| The conservative | Helios Heritage | – | – | – | – |
| Maaf | Winalto | 2.05% | – | 2.80% | 3.20% |
| Macif | Multi Life | 1.60% | – | 2.70% | – |
| MACSF | RES Multisupport | 2.50% | – | 3.10% | – |
| Maif | Responsible and Solidarity life insurance | 2.10% | – | 2.5% | – |
| MiFID | Free Future Savings Account | 2.20% | – | 3.05% | – |
| MMA | MMA Multi-supports | 1.40% | 2.15% | 2.25% | 3.25% |
| Monceau Assurances | Dynavie | 1.75% | – | % | – |
| Swiss Life | All contracts | 1.50% | 3.05% | 1.70% | 3.05% |
Returns relating only to the classic euro fund, accessible to all, of the insurer’s flagship contract.
The 2023 rates left empty have not yet been communicated by the insurer.
* The euro fund of the Allianz Vie Fidlit contract is part, with remuneration depending on the holding period.
Contracts that beat Livret A after bonus
Failing to provide a base rate higher than the Livret A rate, some market players offer their customers very good bonuses. Depending on the payments made on funds in euros and also the shares invested in units of account, savers benefit from subsidized rates higher than those of the famous regulated savings book.
| Banks | Flagship contract | Rate 2022 | Max bonus 2022 | Rate 2023 | Max bonus 2023 |
|---|---|---|---|---|---|
| Popular Bank | Horizon 2 | 1.45% | 2.70% | 2.15% | 4.38% |
| BNP Paribas | BNP Paribas Multiplacements 2 | 2% | 2.95% | 3% | 5% |
| Savings Bank | Millevie Essential 2 | 1.45% | 2.18% | 2.15% | 3.76% |
| CIC | Essential Life Insurance Plan | 2.10% | 2.75% | 2.60% | 3.25% |
| Credit Agricole | Predissime 9 series 2 | 1.90% | 2.70% | 2.40% | 3.20% |
| Credit Mutuel | Essential Life Insurance Plan | 2.10% | 2.75% | 2.60% | 3.25% |
| Credit Mutuel Arka | Navig’Options | 1.70% | 2% | 2.20% | 2.50% |
| The postal bank | Cashmere 2 Series 2 | 1.40% | 2.80% | 2.30% | 3.80% |
| LCL | LCL Life | 2.30% * | 3.10% * | 2.80% | 3.60% |
| General Society | Squoia | 1.60% | 2.96% | 2.85% | 3.73% |
* Rate for 0.60% management fees, these fees vary depending on the contracts.
The SG bank notably offers for its flagship Squoia contract, a base rate of 2.85% but with a bonus of up to 3.73%, if at least 50% of the savings is invested in UC. at the Savings Bank, the remuneration of Millevie Essentielle reaches only 2.15% and can be increased up to 3.76%, depending on UC’s share in the contract. The same goes for Cachemire 2 Serie 2 from La Banque Postale, whose yield oscillates between 2.30% and 2.80% for the year 2023 with a bonus rate which can reach 3.80%. At LCL, the saver benefits from a base rate of 2.80% but increased up to 3.60% depending on the share of UC held, or exactly the rate of the Livret A once social security contributions have been deducted.
At BNP Paribas and its Multiplacements 2 contract, the base rate is 3% (2.10% after deduction of social security contributions). Performance bonuses, calculated based on payments made, allow savers to benefit from rates of up to 5% net of management fees but gross of social security contributions.
Life insurance Crdit Mutuel, Banque Postale, BNP… Do banks offer the best rates in 2023?
The best returns… on paper
In 2023, three new life insurance contracts were launched. Ampli Mutuelle life assurance in February, Corum Euro Life in July and Placement-direct Euro+ in November. They all had the same stated objective: to beat the Livret A rate. The promise is kept. They respectively serve rates 3.76%, 4.45% And 4.10%. These euro funds are only a few months old at best, and a few weeks at worst. The remuneration is therefore annualized and cannot be reasonably compared to other rates.
Life insurance returns: the good and the bad for 2023 rates