ANZ Panin-Generali launch new investment product

JAKARTA: PT ANZ Panin Bank (ANZ) partnering with Generali Indonesia launched a mixed insurance and investment product called Ultimate Balance Protection (UB Pro).The product is especially designed for ANZs retail customers in Indonesia.ANZ Director of
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News Editor - Bisnis.com 09 Desember 2010  |  11:19 WIB

JAKARTA: PT ANZ Panin Bank (ANZ) partnering with Generali Indonesia launched a mixed insurance and investment product called Ultimate Balance Protection (UB Pro).The product is especially designed for ANZs retail customers in Indonesia.ANZ Director of Retail Banking Anthony Soewandy at his opening remark during the product launch said that UB Pro product will be an alternative investment with optimum protection. This product enables our customers to opt for investment in line with their risk profiles and the investment returns, said Anthony today.President Director of Generali Indonesia Edy Tuhirman explained that the UB Pro employs automatic risk management system, which automatically monitors the customers investment. The customers only need to set the investment level to gain the profit and cut loss. Thus, each of our customer does not need to monitor the capital and financial market every day. Our system will do it for them, he said.This product facilitates auto trading and auto re-entry that offer investment flexibility to determine the trading limit and possibility to re-invest in the capital market according to the customers investment initial portfolio. Besides, UB Pro also has auto balancing facility, enabling the customers to monitor and maintain the investment movement optimally. The investment alternatives in UB Pro are Generali Money Market II with 100% investment in the money market, Generali Fixed Income II with 80%-100% at fixed income instrument and 0%-20% at money market, Generali Equity II with 80-100% at the stock instrument and 0%-20% at the money market instrument.The initial premium of the product is at IDR50 million and can be increased as intended by the customers. The initial premium will be divided into investment portfolio, consisting of basic premium and top-up premium with balanced portion of 50%-50%.The customers will gain protection benefits up to 125% of the basic premium or 250% of the basic premium supposed the customers purchase the additional personal accident insurance.ANZ Head Wealth Management Product & Research Dennis Roy Sangkilawang seeks IDR100 billion income from UB Pros premium collected in the first three months. (T02/NOM)

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Editor : Muhammad Fariz Aulia

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