Allianz's new variable investment insurance products announced
By Kathryn Chiu, The China Post
August 20, 2014, 12:01 am TWN
TAIPEI, Taiwan -- Allianz Taiwan has collaborated with JPMorgan to launch variable life and annuity investment insurance products later this month, which boast monthly contributions and the locking-in of profit on a bi-monthly basis.
Allianz Taiwan, JPMorgan Asset Management Taiwan and E. Sun Bank (玉山銀行) on Tuesday co-hosted a press event to jointly announce Allianz's new variable investment insurance products. A subadvisory account was opened under JPMorgan Taiwan, while the variable life and annuity investment insurance products are exclusively provided by E. Sun Bank starting from Aug. 25.
Allianz Taiwan Life Insurance Co.'s (安聯人壽台灣) General Manager Danny Lam (林順才) said that the variable life insurance product is tied to a subadvisory account under JPMorgan Asset Management.
According to Lam, the subadvisory account under JPMorgan is an arrangement which allows Allianz's new investment insurance products to hand out stock dividends every month and lock in profits every other month.
Additionally, Allianz's new product offerings based on both stock and bond markets, avoiding the risk of eggs put in the same basket, said Lam.
E. Sun Bank's (玉山銀行) Joseph N.C. Huang (黃男州) added that investment insurance products have seen substantial proportional growth in newly launched insurance products. Allianz's two new variable investment insurance products, classified as discretionary investment insurance products, are the best offerings on the market among products of its kind.
Concurrently, Allianz's new variable annuity investment insurance product aims to fulfill the needs of almost all demographics from age 0 to 80. Interested parties can secure complete quality service with the minimum premium of NT$300,000, according to Allianz Taiwan.