UBRD Offers Life Insurance

27 July 2018 (09:16)

UrBC, Yekaterinburg, July 27, 2018. The Ural Bank for Reconstruction & Development (UBRD) and VTB Strakhovaniye Zhizni are offering their customers Family Fund life insurance program.

According to the bank’s press service, the program is meant to help a family build up on their savings and put aside enough of a safety cushion for a rainy day.

Life insurance is a long-term investment mechanism that helps to save up for something big like your child’s education or retirement on the one hand and is an insurance product that grants you access to your reserves in case of an insured event.

Savings can be made through annual contributions and an additional ROI ensured by the insurance company. Besides, you can also apply for the annual tax relief of up to RUR 15,600, depending on the amount of contributions you make. The lower entry limit is RUR 25,000, with insurance periods set at seven, ten, fifteen, and twenty years.

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