ERGO Insurance, which announced the availability of the new generation of its Unit Linked products, ERGO My Fund, is dynamically entering Life Insurance. Through a series of meetings and announcements to its Partners, ERGO will inform them about the new products but also in general about its strategic initiatives, regarding Life and Health Insurance.
According to a relevant announcement, the Company, listening to the needs of consumers as they are formed at different stages of their lives, created the ERGO My Fund product family. A set of innovative products that ideally combine investment with insurance and utilize the know-how and specialization of the Munich Re and ERGO Groups. The ERGO My Fund product family is designed based on modern European standards, in order to fully cover the investment and insurance needs of consumers, with absolute transparency, flexibility and completeness in terms of monitoring their investment.
In collaboration with MEAG, the specialized fund management company of the Munich Re Group, ERGO My Fund products provide access to MEAG Funds Investment Funds, which ensure the possibility of utilizing investment opportunities on a global scale with high quality investment management. MEAG Funds are classified as UCITS (Collective Investment Organizations in Securities) according to Directive 2009/65 / EC of the European Union and are supervised by the German Hellenic Capital Market Commission (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)).
In the first phase, two products are already offered, depending on the personal needs and investment goals of the consumer: The ERGO My Fund – Flex Plan periodic payment program and the ERGO My Fund – Invest Plan lump sum payment program.
The Director of the Life and Health Insurance Sector of ERGO, Mr. Dimitrios Spanos, stressed that “Unit Linked programs are a strategic pillar of growth in the life insurance business for the company. At the moment, deposit products offer very low interest rates. thus creating fertile ground for consumers to turn to Unit Linked products, which offer state-of-the-art investment and insurance solutions, with flexibility and personalization features. solutions that meet the needs of Greek consumers for investment and capital creation ”.
The same announcement states that ERGO My Fund products were created based on the principles of innovation, transparency and simplicity and are available for sale through the updated version of the SalesBOX application, which has been enriched with new innovative functionalities. Specifically, it offers the ERGO Partners, in an easy and simple way, through a modern and very friendly environment, the possibility of automated determination of the investment profile of the candidate client and the proposed investment option.
In addition, it offers the possibility of composing a personal portfolio, with a free choice of Investment Funds and comparison with the proposed initial investment choice. At the same time, it provides at every step and with full transparency, substantial and complete information, while the issuance of offer and insurance application follows the existing fully digitized procedures of ERGO that apply to all Life and Health products with the main feature of automatic sending to the customer of the application. insurance and signing it electronically, through the ERGO eSign application.
Source: Capital
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