Renaissance Life and BCS Life Insurance BCS bring investment life insurance policies to the market (ISS) with bitcoin binding. This product is available only to qualified investors.
The Renaissance Life PSTO policy is proposed according to the Kryptocapital special program and provides for up to 60% of the profitability of the increase in the exchange rate of American exchange funds for Bitcoin. The duration of the policy is two years with a minimum initial contribution of 1.5 million rubles.
Oleg Kiselev, Director General of the Renaissance of Life, promised that if the investor invests 1.5 million rubles and in two years the cost of bitcoin will double, then the investor will receive payments of 2.4 million rubles until tax. And if the cost of bitcoin falls below the amount of the initial contribution, then the investor will receive 1.5 million rubles back.
The company “BCS Life Insurance” offers Iszh Polis with a bitcoin in Bitcoin futures with 3 million rubles in the entrance threshold and for a period of three years. At the same time, the holder of the ISS policy during the entire validity period will be able to change the share of the asset included in the portfolio, depending on the market situation.
The profitability of new insurance products is tied to the growth of the floats of the ISHHARES BITCOIN TRUST ETF investment fund through futures contracts on the Investment Fund on the Mosbirzh. Sales of IDS with bitcoin binding will become available to customers of two Russian companies by the end of the year, insurers promised.
Earlier, the Managing Director of the Mosbirzhi Derivatives Market Maria Patrikeeva reported that the trading platform is preparing to expand the list of instruments based on cryptocurrencies for qualified investors.
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Source: Cryptocurrency
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