OREANDA-NEWS. April 10, 2009. The Moscow Bank for Reconstruction and Development is launching sales of insurance products offered by Allianz ROSNO Life to private and corporate clients in the city of Moscow, reported the press-centre of ROSNO.

Private clients will be offered the entire range of insurance programs prepared by Allianz ROSNO Life for private individuals: accumulative life insurance "Stil Zhizni" (Lifestyle), pension insurance "Dolgoletie" (Longevity), life insurance to the children’s benefit "Podarok Rebyonku" (Gift to a Child), accident insurance "Risk Control", and term life insurance "Azbuka Zaschity" (ABC of Protection).

The clients intending to purchase life insurance policies in the Moscow offices of MBRD will be able to purchase, promptly and without any special medical examination, a box product of Allianz ROSNO Life — fixed-term life insurance without accumulative and investment components, guaranteeing extensive insurance protection against death due to any reason, death due to accident, and disability due to accident. MBRD will offer its partner companies the corporate programs of Allianz ROSNO Life, which, in the times of crisis, become an important management tool, coping with absence of funds that could be used to increase employee remuneration, and less loyal senior managers. The corporate product line is represented by the following products: Corporate Risk Control (employee accident insurance), Corporate Protection (term life insurance), Corporate Loyalty (accumulative life insurance), Corporate Rent (insurance coverage of annuities), and Corporate Pension (employee pension insurance).

"The sales of life insurance products via banks constitute one of the most important alternative sales channels for Allianz ROSNO Life. We expect that by the end of 2009 its share in the portfolio of Allianz ROSNO Life will equal at least 7-8%. The contract with MBRD was concluded after successful implementation of the pilot project launched in November 2008 in Nizhny Novgorod", commented Ms. Zinaida Myakina, Deputy CEO of Allianz ROSNO Life.

"In the current situation, introduction of new retail products and services for various client categories is a necessary precondition for preservation of competitiveness for any retail bank. The start of cooperation with Allianz ROSNO Life, whereby the bank’s clients will be offered state-of-the-art insurance services, represents another important step by the bank in extending its product line", notes Mr. Albert Zvezdochkin, Senior Vice President of MBRD.