The authorities are discussing a new use case for the mother capital

In Russia, they are discussing a new option for using the mother capital. It is proposed to allow spending this money on products of the so-called "family investments". Namely, for accumulative life insurance (NSF) and the long—term savings program (SDS). The information was confirmed to Izvestia by Anatoly Aksakov, head of the State Duma Committee on the financial market. He praised the initiative. According to him, it would be a good support for family investments.

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The funds can be used for emergencies.

"We are currently considering various product options for family investments and analyzing how they can work in practice. Discussions are underway on various product configurations, as well as additional benefits and incentives. One of the proposals is to allow the use of maternity capital for family savings instruments, in particular for family funded life insurance. The topic is quite complicated, but according to preliminary information, the Ministry of Finance supports this idea," Gleb Yakovlev, vice President of the All—Russian Union of Insurers (VSS) for life Insurance, told Izvestia.

The possibility of using mother capital to finance the IIS-3, which is being opened for children under the family investment program proposed by the president, is also being discussed, Alexey Timofeev, president of the NAUFOR Stock Market Association, told Izvestia.

Russian President Vladimir Putin ordered the launch of a family savings program in December 2024.

The idea of allowing the use of maternity capital for a family savings product was supported by Rosgosstrakh Zhizn, MAKS-Zhizn, Sovcombank Life Insurance, Renaissance Life and Freedom Finance Global.

Read more in the exclusive Izvestia article:

Family values: the authorities are discussing new ways to use the maternity capital