OREANDA-NEWS. August 05, 2009. Allianz ROSNO Life has developed the risk-based life insurance box products Citrus and Citrus+. The new programs will be available via the company’s partner network, reported the press-centre of ROSNO.

The Citrus guarantees insurance coverage against such risks as "Death due to accident", "Disability due to accident", or "Partial loss of working ability (trauma) due to accident". Along with the abovementioned risks, the Citrus+ program also covers the risk "Death due to any reason".

Allianz ROSNO Life offers several insurance coverage options in the range of 100,000 to 1,000,000 roubles. In case of an insured accident, the insurant or insured beneficiaries specified in the policy will receive the insurance compensation stipulated by the contract.

The insurance period is 1 year under both programs. No underwriting is needed for policy issuance.

The clients will be able to purchase the programs from any partner of Allianz ROSNO Life — in particular, from banks, car dealerships and brokers.

As noted Ms. Elena Kozhina, Deputy CEO of Allianz ROSNO Life, "Allianz ROSNO Life has chosen to diversify its sales channels by promoting more intensive interaction with its new partners — banks, brokers and car dealerships. The box products much needed by potential clients are successfully implemented via the partner network and ROSNO’s universal sales chain: such products are easy to understand, comparatively inexpensive, they cover major risks, and the conclusion of an insurance contract requires no additional underwriting. The volume of sales by Allianz ROSNO Life of the products „Podushka Bezopasnosti“ (Airbag) and „Formula Zaschity“ (Protection Formula) oriented towards car owners serve as an evidence of the fact that the simple and ready-to-use solutions are quite popular with the target audience. By expanding the line of our box programs, we will definitely improve our client value proposition".