OREANDA-NEWS. December 21, 2011. Life insurance company Bonum Publicum introduces a new type of insurance to its clients -Universal life insurance with assured interest. New insurance product allows to combine financial support in case of accident and saving, receiving fixed annual interest. On the maturity of insurance agreement, all accumulated capital is paid out along with the assured interest and in case investment exceeds them – additional part of profit, reported the press-centre of Ukio bankas.

“New product was suggested taking into account the needs of clients who wish to have not only a wide choice of insurance coverage possibilities but also guarantees that their savings capital will not decrease. This service is especially relevant to the clients who tend not to tolerate even small decrease of the value of investments”, - said Rasa Vasiliene-Vasiliauskiene, director of Bonum Publicum.

According to R.Vasiliene-Vasiliauskiene, life insurance is a long term investment and savings instrument thus it is natural that marital status, financial situation and other circumstances of any person change within a number of years. Therefore, Bonum Publicum provides a possibility by means of the new insurance product to manage agreement on life insurance flexibly, regularly adjusting it to the life situation and needs.

All members of a family may be insured by one Universal life insurance agreement with assured interest and it is cheaper than concluding separate insurance agreement for each member of a family. Such insurance agreement is very flexible and all its terms may be modified along with the changes of life situation and needs of the insured: new insured may be included into the insurance agreement, e.g. a spouse or a new born child, insurance amount may be increased, additional insurance object may be selected, the amount of the insurance premium may be modified, etc.

In case of shortage of money there is a possibility during the term of the agreement validity to regain a part of the accumulated capital without terminating the insurance agreement. If financial situation of the insured changes, it is possible to reduce insurance premium or temporary to terminate insurance premium payment with the effective insurance agreement.

“Our new insurance combines the best features of two different products: flexibility assured by universal life insurance with floating capital and assured interest offered by classical life insurance. We believe that this convenient and flexible insurance will be relevant and useful to our clients”, - R. Vasiliene-Vasiliauskiene admitted.

100 per cent of life insurance company’s Bonum Publicum shares are managed by Ukio bankas. Risks, undertaken by Bonum Publicum are reinsured in the largest reinsurance company in the world MUNICH RE.