102 Janaury 2014 www.bahrainthismonth.com Insuring the future Bnl’s Future Security Plan provides not only a guaranteed sum assured to protect your family, but also provides a good return on your savings over the long term. As well as providing coverage on your life, there are guaranteed investment returns to help finance a retirement. Futura, from Zurich International Life, is an innovative life insurance policy which accommodates changes to your benefits as the circumstances of your life change. With Futura, you have the flexibility to add critical illness coverage, accident insurance protection or income protection to your cover. Health cover The rising cost of healthcare is likely to place a great burden on your finances unless your health cover offers a reasonable level of protection. Depending on where you live, travel to, or wish to receive treatment, AXA has developed a range of seven Health Perfect plan options, with local, regional and international cover to suit a variety of personal requirements. This plan includes valuable additional benefits such as worldwide emergency medical assistance, personal accident cover and a telephone support ‘wellbeing’ service. Munich Health’s MedNet brand has been in the market for over 20 years, working with medical providers, health insurance companies, self-funded groups and government health plans. The insurer draws on a network of clinics and medical doctors under contract to ensure high healthcare standards at manageable costs. Auto insurance Motor insurance is compulsory across the region and as such, there are many players in the market offering the standard set of services. The trick here is to choose an insurer who offers more value and easy access. AXA, the largest non-life international insurer in the region offers quick and affordable car insurance. If you are a careful and experienced driver, this is insurance plan for you. The insurer offers up to 50 per cent discount if you can prove that you are a claims-free driver. AXA also offers value added covers and services, such as priority repair service and service guarantees along with the insurance policies. bni offers a comprehensive range of motor insurance covers that are quick and convenient to access. The insurer’s quick renewal system with a secure payment gateway works equally well on smart devices and computers. Mutual funds Mutual funds are a smart and convenient way to invest. Whatever your long-term goals, there are thousands of professionally managed mutual funds to suit your risk profile. With Citibank, you can pick funds across diverse asset classes, including US equities, emerging market equities, global equities, Global Bonds, high yield bonds, Sharia’ Compliant Islamic equities, Middle East equities and many more. There are a wide range of mutual funds from reputed investment houses, such as Alliance Bernstein, Blackrock, DWS, Fidelity, Franklin Templeton, Invesco, ING, JP Morgan, MFS, Permal, Pioneer and Schroders to choose from, depending on your horizon. Investors looking to invest in Indian markets can consult with the NRI service desk at State Bank of India for investing in SBI Mutual funds. Retirement planning The MetLife Alico Income for Life plan offered by Citibank is a unique pension plan with a fixed premium paying term of only five years. You can choose to start regular pension whenever you want and this income is guaranteed by Metlife Alico for at least 20 years. Standard Chartered Bank’s Retirement Plan offers bonuses to ensure that your overall returns on the savings are higher. You can add protection against total disability or death so that your loved ones receive the full benefit of your savings. reportinsurance&savings
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