BNP Paribas Cardif Life Insurance launches ‘(NP) Premium wealth management ETF Variable life insurance 2.0’ through Woori Bank

January 31, 2024

BNP Paribas Cardif Life Insurance, subsidiary of BNP Paribas Cardif in Korea the insurance arm of BNP Paribas, announces that it is currently providing ‘(NP) Premium Wealth Management ETF (Exchange Traded Fund) Variable Life Insurance 2.0’ through Woori Bank.

(NP) Premium Wealth Management ETF Variable Life Insurance 2.0 is a product that invests in ETF, which are constantly being selected and interested by investors due to the advantage of efficient diversified investment. It provides both Active and Passive ETFs in one product, helping them to flexibly utilize and respond to highly volatile market conditions.

In addition, when choosing an ETF Managed Portfolio (EMP) investment, which is provided as one of a total of 11 by combining ETF investment strategies and customers’ investment preferences, the fund will automatically change every month according to the fund allocation information of Samsung Asset Management, which holds the No. 1 ETF market share in Korea. This reduces concerns about changing funds that meet market conditions that are difficult for individual investors to do themselves and enables easy and convenient asset management.

Bongsoo Park, Chief Sales Officer (CSO) of BNP Paribas Cardif Life Insurance, said, “Premium Wealth Management ETF Variable Life Insurance 2.0 is a product that incorporates our accumulated ETF variable insurance expertise with Woori Bank’s customer preferences, and hopefully it will be a new alternative for Woori Bank customers who are looking for long-term investment solutions in the volatile market. We also hope that this will help Woori Bank to strengthen its competitiveness in bancassurance products, where it has been recently reinforcing the WM sector.”

Premium Wealth Management ETF Variable Life Insurance 2.0 can be subscribed from the age of 15 to 75, starting with a single premium of KRW 50 million or regular premium of KRW 300,000.

Meanwhile, BNP Paribas Cardif Life Insurance is also holding a subscription event to provide department store voucher worth KRW 30,000 to new policyholders who subscribe to variable insurance at banks where they formed a bancassurance sales partnership with the company until the end of February.