Citi Handlowy Offers New Investment Product with BRIC Investment Life Insurance
Warsaw – Citi Handlowy, in cooperation with Metlife Towarzystwo Ubezpieczen na Zycie S.A., has developed an investment product linked to life insurance. The bank has just started the subscription for “Inwestycyjne ubezpieczenie na zycie BRIC”/BRIC Investment Life Insurance" The name BRIC comes from the first letters of the names of four conutries: Brazil, Russia, India, China, whose economies and foreign exchange rates provide the basis for investment. The choice of the countries is not accidental – together they account for almost half of the world’s population and generate economic growth of as much as 10% per annum.
At first glance the countries are completely different. Brazil has one of the most competitive agriculture industries in the world, Russia is rich in raw materials, the Indian service sector is growing at an accelerating pace, and China is experiencing a construction and industrial boom. The fact that the countries differ so much is beneficial for the investment life insurance product, which is linked to S&P BRIC 40 Index as well as INR/USD and CNY/USD exchange rates" said Ewa Kuchcinska, Head of Treasury Products at Citi Handlowy.
“Our bank is known for delivering innovative and prestigious products to customers and this product is the best evidence of this. I am convinced that our ‘BRIC Investment Life Insurance’ will repeat the success of ‘New Energy’ and ‘New Energy 2,’ which were issued in the fall,” adds Ewa Kuchcinska.
One of the many advantages of the BRIC investment life insurance is high profitability potential, which allows investors to participate in profits from the rapid growth of economies in different parts of the world. It should be stressed that the investment is free from Capital Gains tax, and that the bank does not charge any commission fee for the product purchase.
Additionally, the subscription for BRIC offers all the benefits of a secure investment. The package includes a three-year life insurance policy with a 100% capital guarantee at maturity. Due to the fact that the product is denominated in PLN, investors are not exposed to FX risk. The minimum investment amount is PLN 5,000.00.
More information on the BRIC investment life insurance offer is available at Citi Handlowy branches or by phone (helpline 0 801 611 611). The subscription period lasts until January 2, 2008.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
Citi Handlowy is one of the major financial institutions in Poland and offers under the Citi Handlowy brand a broad range of state-of-the-art products in corporate, investment and consumer banking. Through its modern distribution channels and a network of over 200 branches, Bank Handlowy services 20,000 corporate customers and 800,000 individual ones. The bank’s group includes Dom Maklerski Banku Handlowego (brokerage house) and Handlowy Leasing. Being a member of Citi, enables the customers of Bank Handlowy access to financial services provided in over 100 countries. Further information is available at www.citihandlowy.pl.
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