Eurolife ERB Asigurari de Viata launches new unit linked insurance

Newsroom 27/05/2015 | 13:36

Eurolife ERB Asigurari de Viata launches a new unit linked type insurance product – “Perspective pentru Profit 2015”, in the national currency, which fully guarantees the invested capital at maturity and provides a gain perspective higher than bank deposits.

The investment solution can be concluded for an 18-month period, with a potential yield of up 9 percent of the underlying asset, according to the evolution of the Eurostoxx 50 index (deemed the most important index in Europe, which shows the evolution of the prices of the most liquid shares in the Eurozone). The corresponding profit is not taxable. The investment solution comes with an attached life insurance.

“The launching of this new campaign aims at meeting the expectations of those clients who seek profitable investment products. Although unit-linked insurances are much more complex compared to traditional insurances, they are on an uptrend in consumers’ preferences. Thus, for the first quarter of the current year, Eurolife ERB Asigurari de Viata reported a 63 percent increase of the amounts managed by the company in this category, compared to the similar period of last year”, stated in a release Anita Nitulescu, general manager at Eurolife ERB Asigurari de Viata.

The new offer is available between May 25 and June 26 and can be concluded in any Bancpost branch in Bucharest and in the rest of the country. The minimum amount required to contract the insurance is RON 5,000 (EUR 1,125). The invested money can be withdrawn at any time, after the first 6 months, at the market value.

Eurolife ERB Asigurari de Viata concluded the first quarter of 2015 with a 17 percent increase in the amount of gross written premiums (approximately RON 6 million – EUR 1.3 million) and a 6 percent advance of the profit (approximately RON 1 million – EUR 220,000, according to the local standards), as compared to the same period of 2014. The results were driven by clients’ increasing appetite for long-term savings policies – “Perspective pentru Viitor” and the Savings Plan for Children – “Perspective pentru Educatie”, which had a cumulated increase of more than 172 percent in the first quarter.

According to the data of the Financial Surveillance Authority (ASF), Eurolife ERB Asigurari de Viata reported an increase in its market share, from 2.7 percent in 2013 to 4.51 percent in 2014, and was ranked 8th in Top 10 life insurers, in terms of gross written premiums.

Staff

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