OREANDA-NEWS. IC Ingosstrakh Life LLC and Promsvyazbank OJSC (PSB) concluded an agreement on the procedure for the conclusion of insurance contracts. According to the agreement, Ingosstrakh Life LLC has become one of the bank's partner insurers that provide life and health insurance for the bank's customers.

Now the clients obtaining consumer loans from PSB can choose a program of life and health insurance offered by Ingosstrakh Life LLC and have guaranteed financial support in emergency situations.

"Life and health insurance is a humane financial planning tool for any person who assumes some financial obligations. Promsvyazbank clients who purchase our insurance program can be confident in their future, as in case of the insured event we guarantee both the repayment of the bank loan and additional payments for the medical treatment," Vladimir Chernikov, General Director of IC Ingosstrakh Life LLC, said.

Promsvyazbank OJSC Moscow (founded in 1995) is one of Russia' leading privately owned banks with assets of RUB 779 bn, and capital of RUB 93 bnas of 01.07.2014 according to RAS. 88.25% of stake in the bank belongs to Promsvyaz Capital BV, while 11.75% is owned by the European Bank for Reconstruction and Development. The Bank has the following long-term ratings frominternational rating agencies: "BB-"from Standard & Poor's (outlook stable), "Ba3"from Moody's Investors Service (under review for possible downgrade), "BB-" Fitch Ratings (outlook stable), as well as individual credit rating of "AA+" from the National Rating agency. The network of the Bank includes over 300 sales outlets in Russia, as well as the bank's branch in Cyprus and representative offices in Ukraine, China, Kazakhstan and India.