OREANDA-NEWS. October 14, 2009. ZAO Raiffeisenbank is offering clients new life insurance services developed together with Raiffeisen Life Insurance Company — a subsidiary of UNIQA Group Austria, reported the press-centre of Raiffeisenbank.

The new insurance programmes for private clients include life insurance for the bank’s loan and credit card holders, as well as special saving programmes.

The life insurance programmes for Raiffeisenbank’s loan and cardholders give clients protection against the inability to pay back the loan or outstanding credit card account in unforeseen circumstances. Clients can sign up for these programmes in any Raiffeisenbank branch.

The Raiffeisen Perspective and Raiffeisen Kinder savings programmes provide financial protection and the opportunity to create savings. Clients participating in the programme can accumulate savings by a certain date in order to realise their personal financial plans or plans for their children, such as paying for a the child’s education, even overseas. Today, the saving programmes are available in Moscow, St. Petersburg, Voronezh, Samara, Nizhniy Novgorod, Krasnodar, Ekaterinburg, Novosibirsk, and Khabarovsk.

As Maxim Chumachenko, CEO of Raiffeisen Life Insurance Company, said, “Recently, interest in life insurance has been growing in Russia: now that people have attained success and a stable life in the present, they start to think about financial security, and about creating savings that will allow them to securely fulfil their long-term financial plans. Life insurance products can offer a package solution to these tasks.”

“These products were not chosen randomly: in combination with previously existing products from the bank and its network companies, these solutions will allow clients to ensure financial security and well-being for themselves and their loved ones or quality education for their children,” noted Pavel Gurin, CEO of ZAO Raiffeisenbank.

Raiffeisenbank has had a long and successful partnership with the UNIQA Group Austria, the founder of Raiffeisen Life Insurance Company LLC, in Austria and in 13 Central and Eastern European countries. This experience, which benefits both partners as well as bank clients, will now be transferred to the Russian market, along with high service and product standards.