Postbank

Postbank and Bulstrad Life have launched the insurance-based investment product Everest V offering, thereby responding to consumer interest in financial solutions with the potential for higher profitability. The new Life insurance linked to a structured investment product is an exclusive opportunity currently only marketed by the two companies.* Everest V is an alternative to savings products that offers full repayment of the invested capital on the maturity date and the opportunity to achieve an attractive yield linked to the performance of the EURO STOXX 50 ESG index (SX5EESG). It reflects the movements of the shares of the 50 leading European companies and the movement of the Eurozone economy. The insurance-based investment product also provides coverage for the insured person’s life in the event of an accident for the entire term of the policy. After the expiration of the insurance period, clients receive the initially invested amount increased by 145 per cent of the positive percentage change of the index recorded between the start and end dates for determining its value. If an event covered by the insurance occurs within this period, Bulstrad Life will pay out 110 per cent of the initially invested amount.

Bulstrad Life’s Everest series of insurance-based investment products was successfully launched at the end of 2016. The first product, based on the EURO STOXX 50 index, matured in December 2021, and customers realized the maximum possible return of 28 per cent. Postbank conducted an active information campaign for consumers and assisted in the overall process of paying out the amounts from the Insurer.

“More and more of our clients are looking for new solutions that provide them with better returns compared to traditional savings products. Life insurance linked to a structured investment product is an excellent opportunity and after the launch of four successful products, they continue to enjoy great interest. Thanks to our strategic partnership with Bulstrad Life, we manage to provide a variety of financial solutions for our clients and meet their expectations,” Postbank commented.

The bank’s rich portfolio provides consumers with a choice between various savings products with the possibility of profitability, with a particularly strong interest in structured deposits (Index Artificial Intelligence, Index Health Care, etc.**). They provide an excellent opportunity for an indirect and risk-free investment with the probability of receiving a better interest rate compared to standard term deposits. The interest in these structured products is tied to the performance of various stock indices that reflect the movement in the prices of the shares included in them. If a positive change in the index is achieved for the period of the deposit, a yield equal to the positive percentage change in the index can be obtained. In the event of a negative development of the index, the client does not receive interest but retains 100 per cent of the principal on their deposit. The main advantages of structured deposits are that they combine the security of a traditional bank deposit with the return potential of an investment in a financial instrument.

Additional information on the products offered by Postbank (including a basic information document on insurance) can be found at www.postbank.bg.

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This material is not a recommendation for making an investment decision and does not replace individual consultation with your independent financial advisor.

* Postbank distributes the Everest V insurance as an insurance agent of Bulstrad Life Vienna Insurance Group EAD.

** The period for raising funds and short-term deposits under the terms of structured deposits has currently expired.