The manager of this project believes that regulatory cooperation with insurtechs can lead to the prosperity of this industry in the online market
According to the Iran digital economy annotation, Dal Brokerage, together with Baran Life Insurance and Mehr Bank of Iran, unveiled the new product “Aras” (five-year savings and investment). The manager of this project believes that regulatory cooperation with insurtechs can lead to the prosperity of this industry in the online market.
“Mohammedreza Firouzabadi” announced at the unveiling meeting of the joint project of Baran Insurance and Mehr Bank of Iran that this project can lead to the creation of added value in the country in the insurance industry.
In the continuation of this ceremony, Abde Tabrizi stated, referring to the importance of providing supplementary plans for pensions: “Given the issues surrounding the country’s pension funds, we believe that providing plans like the Aras plan can facilitate the solution of this problem.”
“Alireza Hadi”, CEO of Baran Life Insurance, emphasized in this ceremony that insurance companies should also appear as pension fund founders: “Aras pension plan helps policyholders to create significant savings and value in a 5-year period.”
Referring to the role of online brokers in facilitating and introducing life insurances, Hadi added: “Collaboration with Dal (the official direct insurance brokerage company on the searchers of Asayesh Azin and the start-up of the insurance industry of the Chosen Group) has many advantages for this plan. In general, online platforms can Facilitate the discussion of life insurance and life insurance. Because playing in the online field is a facilitator.”
“Reza Qaraipour”, Vice President of Planning and Development of interest-free Mehr Bank of Iran, also related the cooperation in this project to the main missions of this bank, which is financial inclusion and the contract of interest-free facilities, and explained: With the establishment of the 13th government, the bank’s resources have tripled, and we are with all We are trying to be a facilitator in the field of providing facilities.
In this project, it is planned that Mehr Iran Loan Bank will provide a platform for the loan applicants to repay the installments and invest their savings in the Aras pension plan at the end of the 5-year period from the redemption amount or pension models. Aras benefit.
This insurance is provided by Baran Insurance in 4 policy plans of 50, 100, 150 and 200 million tomans, and people can choose their desired plan according to their financial ability to repay the installments. Also, in order to buy this insurance policy and use its loan, you don’t need a guarantor, collateral, deposit or even going to the bank, and the insurance policy itself is considered a guarantor, and in the shortest possible time, you can easily get a loan from 200 million tomans for Buy this unique insurance policy.
What is Aras plan?
By registering in Aras plan, a interest-free loan with a fee of 4% is granted to the applicant equal to the requested package amount. After the full payment of the installments, fixed and increasing pension plans will be started or 1.75 times of the loan will be paid to the registrants in cash.
Another advantage of this plan is the possibility of buying from reputable stores of the contracting party with this plan, including the stores of my choice across the country. Participants in this plan can buy from these stores based on the investment made. The price of the products in these stores is based on the approved price and the buyers buy these products at a lower price in addition to receiving the guarantee of the product’s authenticity.
The 5-year investment period, the method of investment (depositing funds within 5 years) and the optimal return on investment, inflation coverage, interest-free loan, use of life insurance, without advance payment, without guarantor, check and promissory note are important features of this plan.
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