OREANDA-NEWS. August 20, 2009. The insurance company Allianz ROSNO Life, subsidiary of Allianz NE, is launching a new product "Financial Mosaic". The new financial solution will combine a risk-based life insurance coverage provided by Allianz ROSNO Life with the deposit placed with a partner bank and a SIF of the partnering asset management company, reported the press-centre of ROSNO.

"Financial Mosaic" is a comprehensive financial program combining an investment product, an insurance product, and a banking product. The insurance component is a risk-based life insurance coverage provided by Allianz ROSNO Life, which guarantees protection against such risks as "death due to any reason" and "release from payment of insurance premium as a result of disability due to any reason" in the amount of up to 2 mln roubles. The banking component is a replenishable deposit with the partner bank, where yield will be determined directly by each individual bank starting cooperation with Allianz ROSNO Life under this program. The investment component is a SIF of an asset management company.

Pursuant to the program, in case of the insurant’s death, the insured beneficiaries specified in the contract will receive an insurance compensation. At the same time, the deposit and the SIF will remain effective till the end of the program.

The annual contribution under the program and the options for distribution of the amount between the three components will be determined on the basis of the agreements concluded with each bank and the asset management company. The contract will be valid for 5 and more years.

"When developing the product, we sought to take into account all major needs of a today’s user of financial services. „Financial mosaic“ guarantees protection for insurants and their loved ones against unforeseen events, and at the same time it enables them to deposit their savings with the bank at high interest rate, and invest in future profit. Such a diversified approach to personal financial plan provides a solid foundation of a family’s financial security and brings the Russian clients closer to the Western personal financial portfolio management standards", commented Ms. Elena Kozhina, Deputy CEO of Allianz ROSNO Life.