BNP Paribas Cardif Life Insurance launched the 'Premium Asset Management Variable Insurance,' which offers Citibank's asset management expertise through insurance, on the 29th.
[Asia Economy Reporter Oh Hyung-gil] BNP Paribas Cardif Life Insurance launched the "Premium Asset Management Variable Insurance," which provides Citi Bank's asset management know-how through insurance, on the 29th.
With coverage of a total of 35 types of funds, including domestic and international stocks and bonds, alternative·and other funds such as Exchange-Traded Funds (ETFs), it disperses risk even in highly volatile markets, and features the pursuit of long-term returns along with basic insurance benefits such as death coverage.
Similar to the typical variable insurance investment method, customers can 'directly select' their desired investment targets from various types and investment areas of fund coverage, and can also choose from nine types of 'ETF model portfolios (fund allocation)' provided according to the customer's investment propensity and the investment strategies of ETF specialized advisory firms.
When selecting an ETF model portfolio, investors can focus on ETFs that have the advantage of diversified investment and also enjoy the benefits of professional and convenient automatic fund rebalancing.
Subscription is available for those aged 15 to 70, with premiums starting at 50 million KRW for lump-sum payments and 100,000 KRW for installment-type subscriptions.
Han Jeong-su, Senior Director of Paribas Cardif Life Insurance, stated, "This product offers a new alternative for customers seeking professional and efficient asset management," and added, "We hope it will also help expand and strengthen the stability of Citi Bank's asset allocation portfolios, which have provided differentiated wealth management services to high-net-worth individuals."
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