Groupama Protect
UNIT LINKED - Life insurance product with structured bond “Groupama Protect”
Offering possibilities:
- “Groupama Protect” insurance only;
- Common product “DSK Vazmojnost” with preferential interest rate. The higher rate in comparison with the standard rate will be paid by Groupama as additional financing. In this case the available sum will be invested 50% in “Groupama protect” insurance and 50% in DSK deposit.
v We expect confirmation whether the parameters of the deposit stay the same as for the previous two campaigns.
Product description:
v We will keep the parameters of the insurance the same, as follows:
|
Insured person |
Natural individual in good health condition aged between 14 and 60. The age of the insured could not exceed 65 years on expiry date of the insurance |
|
Acceptance for insurance - made based on: |
Application form – a form inserted in IS INSIS by the bank employee based on the information provided by the candidate for insurance Health declaration – it is filled if necessary ( according to the underwriting rules) Medical examinations – they are organized in 2 types depending on the age and the sum insured |
|
Term of the insurance |
5 years |
|
Way of premium payment |
Single premium |
|
Currency |
EUR |
|
Minimum single premium |
800 EUR |
|
Sum insured for death risk |
40 % of paid single premium and the value of personal account calculated using the market price of the bond valid on the date of the written notification of the Insurer for the insured`s death |
|
Begin and end date of the insurance cover |
Depends on the current campaign |
|
Temporary insurance cover |
At 24.00 hours on the day of premium payment, on the proviso that the insurance cover is not effective. |
|
Insurance payment in case of death within the term of the temporary insurance cover |
100% paid single premium |
|
Insurance payment in case of death within the term of insurance cover |
The sum insured for death risk |
|
Surrender |
Possible if at least one year has passed since the beginning of the insurance cover |
|
The surrender value |
The value of the personal account calculated using the market price of the bond valid on the date when the Insurer receives the written request form and deducted with surrender fee |
Campaign 22.12.2011:
- Period of sales: 24.10.2011 – 17.12.2011 (8 weeks)
- Sales channel: DSK Bank
Underlying index:
- RBS VC Aquantum Pegasus Zeus Index
- Index sponsor - Royal Bank of Scotland
- Returns comes from the liquidity premiums in the commodity markets
- Strategy – commodity futures trading strategy
- Volatility – 8%