OREANDA-NEWS. July 31, 2009. Allianz ROSNO Life has developed a life insurance program for those car drivers who pay much attention to having financial protection against traffic accidents. The new product “Formula Zaschity (Protection Formula)” will be sold via the sales network of the company’s partners. Car drivers will be able to purchase it in car showrooms and from the insurance brokers and banks represented therein, reported the press-centre of ROSNO.

The Protection Formula is a life insurance program which guarantees insurance coverage against the risks "Death caused by any reason", "Death caused by traffic accident", "Disability caused by traffic accident", and "Partial loss of working ability (trauma) caused by traffic accident".
In case of coverage against the risk "Death caused by any reason", the client may choose from any of the three coverage options: 250 thousand roubles, 500 thousand roubles or 1 million roubles. Coverage against the risk "Death caused by traffic accident": 1.5 mln roubles or 3 mln roubles.

The insurance contract may be concluded in one of three currencies: roubles, US dollars, or euro. The insurance period is 1 year.

The insurance contract is concluded upon presentation by the client of his or her passport or driving license. No additional underwriting is needed. The cost of policy ranges from 3,920 roubles to 12,000 roubles, depending on the size of coverage.

"Our new product is designed for all car drivers, and Allianz ROSNO Life promotes it laying much emphasis on partner sales. By the end of 2009, we plan to increase the share of revenues from new business via this sales channel from 20% to 32%. The cooperation with partner car showrooms and insurance brokers and banks represented therein enables making the Protection Formula more affordable to the wide range of potential clients who attach special importance to insurance coverage against traffic accident risks. This May, the insurance coverage of life against traffic accident risk already proved its relevance during the launch of the program "Podushka bezopasnosti" (Airbag) intended for holders of ROSNO’s MOD policies. According to Ms. Elena Kozhina, Deputy CEO of Allianz ROSNO Life, in 2 months, over 200 Airbag policies were sold.