OREANDA-NEWS. December 23, 2008.  Since December 2008, the insurance programs offered by Allianz ROSNO Life can be purchased in 7 branches and offices of GKB Avtogradbank located in six largest cities of the Republic of Tatarstan: Naberezhnye Chelny, Kazan’, Zainsk, Nizhnekamsk, Al’met’evsk and Leninogorsk, reported the press-centre of ROSNO.

The bank’s depositors and borrowers can purchase the entire range of insurance programs offered by Allianz ROSNO Life: accumulative ("Stil Zhizni"), annuity insurance ("Dolgoletie"), child-benefit ("Podarok Rebenku), risk-based insurance (Risk Control), and risk-based fixed-term life insurance (Azbuka Zaschity). The contracts will be concluded directly by the bank’s employees in strict compliance with the insurer’s requirements.

"For us, Tatarstan has always been, and will remain, one of the top-priority regions for business development. The high demand for the life insurance products is also evidenced by the sales results achieved by our agent network", comments Mr. Maxim Chernin, CEO of Allianz ROSNO Life. "Now we have become even closer to our clients: from now on, the residents of Tatarstan will be able to purchase the policies of Allianz ROSNO Life in GKB Avtogradbank. For us, the cooperation with one of the retail banks of Tatarstan is an important step on the path to expanding sales via alternative channels. We expect that by the end of 2010 the share of sales via non-insurance intermediaries in the portfolio of Allianz ROSNO Life will equal at least 15%. By now, Avtogradbank has already sold 5 life insurance policies under the long-term accumulative programs "Stil Zhizni" and "Dolgoletie".

"We are glad to start cooperation with Allianz ROSNO Life, which will enable us to offer clients additional opportunities, namely the comprehensive product combining savings and insurance protection", states Ms. Venera Ivanova, Chairman of the Board of GKB Avtogradbank. "By acquiring life insurance policies, the depositors and borrowers can safely ensure that their relatives and families will be protected against unfavorable financial consequences of loss of an income-earning person, and can invest their saving, whose long-term safety is guaranteed".