SEB Life International has launched an asset management bond for the Maltese market, reports International Adviser.
The new product takes up to nine the number of countries within the EU in which the company has launched specifically tailored, local language products – including, among others, the UK, France, Spain and Italy.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to the publication, the product is structured as a personalized portfolio bond, with each policy having a unique, unit-linked fund through which investors can access the company’s range of unit-linked investments as well as an external universe of admissible assets.
"The policyholders will also benefit from a life cover of 101% of the surrender value and the opportunity to use selected discretionary management services and online valuation services," the publication quoted SEB as saying.
SEB Life International head of sales and marketing, Conor McCarthy, said: "We believe this is the first open-architecture product available in Malta that complies with Maltese General Good requirements and which is written under Maltese Law.
"We expect the proposition to be well received by individual investors as well as pension trustees who are looking for a high degree of investment flexibility from an EU provider."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
