The Archipelago Group had a successful product launch at the Sime Darby Convention Centre on the 1st of October. Huge turnouts of clients consisting of Financial Planners and Advisers as well as members of the media were at the event to witness the product launch.
Magnus Life and Contego are underwritten exclusively by Archipelago Life Insurance Limited, the Life Assurance division of the Group. Kidnap and Ransom Insurance being a non-life product is underwritten under Archipelago Insurance Limited, the Non-Life division of the Group.
Catering to the needs of the country’s affluent corporate customers, Magnus Life offers high life insurance coverage with the dual potential to build wealth and protect their legacy for future generations. It is uniquely structured to provide an investment return on the single premium invested whilst they enjoy attractive life insurance coverage.
Contego on the other hand is an enhancement of the current term life plan already in existence in the local market. Drawing from the Latin word which means ‘To cover, shield, protect’, it offers the options and freedom for customer to enjoy the flexibility of choosing the amount he or she wants to be covered in every phase of life. It offers higher protection value at an affordable premium with guaranteed payout upon Death, Total Permanent Disablement and/or Critical Illness.
Kidnap and Ransom adds another dimension of meeting the security and protection needs of high net worth individuals (HNWIs) or corporates. Traditionally, such a product is sourced overseas and may not adapt to the local context. Archipelago works with its strategic security partners to offer this product locally.
Archipelago will continuously support its financial advisers or planners or brokers in their marketing efforts by providing them with extensive product training, sales and marketing tools, special challenge initiatives, ongoing roadshows and quarterly business updates.