Oman Insurance Company, in collaboration with Commerzbank Corporates & Markets and BlackRock is launching Invest Protect, a unique single premium plan offering growth potential with downside protection.
Choosing the right investments can be difficult especially in volatile markets. Oman Insurance Company is simplifying the task by launching Invest Protect, a life insurance plan designed to accumulate wealth and minimize risk.
Invest Protect offers the simplicity to invest in a professionally managed model portfolio instead of having to choose from a list of hundreds of funds. The underlying model portfolio is composed of Exchange Traded Funds (ETFs) diversified across sectors and asset classes to minimize fund management charges and volatility. The portfolio is managed by BlackRock, giving clients the assurance that their investment is looked after by one of the largest asset managers in the world.
To make sure the investment is protected from adverse market fluctuations, the unit price of the underlying investment is assured to be at least 80% of the highest historical unit price. This downside protection is provided by Commerzbank Corporates & Markets, the investment banking division of Commerzbank AG.
Commenting on the partnership, Andrew Brody, Executive Vice President Life at Oman Insurance Company, said: “We are focused on bringing innovative life and savings products to the UAE market. This partnership combines our strength as the largest local insurance company in the UAE with global expertise on asset management and investment solutions.”
Nigel Murdoch, Managing Director at BlackRock, added: “We believe the partnership harnesses BlackRock’s ETF expertise, Commerzbank’s product development experience and Oman Insurance’s insurance capabilities to deliver the region’s first ETF based investment solution. Given ETFs are low cost in nature, they ensure more savings can be passed on to clients.”
Remarking on the initiative, Christopher Hughes, Head of Structured Solutions at Commerzbank Corporates & Markets, said: “Investors today are increasingly looking for simple, low cost investments that have the potential to deliver on the upside, while limiting losses in the event of market downturns. The downside protection feature in this product, coupled with insurance benefits from Oman Insurance Company and the underlying ETF-based model portfolios from BlackRock makes this an attractive investment proposition.”
Invest Protect is the perfect solution to help UAE residents plan for the future with intelligent investments.