OREANDA-NEWS. October 20, 2011. From now on, Universal Bank’s clients can take advantage of the voluntary life insurance program and “Secured Deposit” insurance service, which have been developed as part of the partnership program with Renaissance Life, one of the leading insurance companies in Ukraine. New insurance products are designed to provide clients with an adequate level of protection and financial security in case of emergency.

The voluntary life insurance program is a personal accident insurance which is valid for one year and is not associated with any banking product. Insurance amount is stipulated in the insurance agreement and remains unaffected during the entire term of the agreement. The currency of insurance policy is UAH, U.S. Dollar or Euro. The program is available 24/7 anywhere in the world.

The “Secured Deposit” insurance service integrates the benefits of insurance in the deposit program. It is not a mandatory provision of the deposit agreement and can be documented separately. Per occurrence, an additional insurance compensation equivalent (or even exceeding) to the amount of deposit is immediately paid off to the beneficiaries of the agreement.

“Any new product which is introduced on the market should first of all meet customer needs. More and more people are now concerned about how to ensure the financial security for themselves and their families. We know that well and as such we are pleased to be able to offer our clients the reliable solutions for the financial protection of their families and protection of their savings in partnership with Renaissance Life Insurance Company”, said Panagiotis Sarantopoulous, Head of Deposits Department at Universal Bank.