Insular Life sees euro zone recovery

Insular Life, the country’s largest Filipino life insurance company, taps into the European market this time with its newest special product offer called I-Dollar Earnings Advantage (I-dea), a structured investment-linked insurance product that matures in seven years.

I-dea allows local investors to earn yields from equities, while preserving their principal. It also pays out fixed returns every year from the policy’s first to sixth anniversaries.

Insular Life sales and marketing head Jesus G. Hofileña said, “We are truly excited about this product. You have the best of both worlds with I-dea. Like fixed income assets, you get your principal back at maturity and earn fixed rates every year.  Then similar to equity instruments, you get to participate in the upside performance of the stock market. In this case, your added returns shall be based on the performance of Europe’s blue-chip companies, via an index that references the performance of the top 50 global companies in the region.”

“In the last half of 2013, we saw funds flowing out of the emerging markets and into developed markets. Looking at it more closely, inflows were experienced in Europe more than elsewhere. The reforms introduced by various countries in the euro zone and the economic improvement posted by the highly indebted nations of Portugal, Ireland, Greece and Spain are perceived to be indications that the region is on its way to recovery.  Even before the market really goes up, we want to come in already so that there’s more potential for upside; hence, launching I-dea at this time,” added business development unit head and registered financial planner, Alijeffty C. Gonzales.

I-dea provides added financial protection through its embedded insurance coverage.