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| Parex Group / About Parex Group / Parex Group: Insurance / Parex Life (Latvia) | |||
Life insurance company Parex Dzīvība (Parex Life) is founded with a goal to provide advanced, high quality life insurance services. The concept of Parex Life operations lies in unifying banking and insurance products, by offering these products via Parex banka's wide network of customer service centres, through a Bank Assurance concept. In June 2007, the company received a license from The Financial and Capital Market Commission (FCMC) and launched operations in life and personal accident insurance areas. The company's share capital is LVL 2.5 million (EUR 3.56 million). Parex Life aims to become one of the leading life insurance companies in Latvia and to gain a 15% market share of the accumulative life insurance market by 2009. Parex Life also pays special attention to the development of (unit-linked life insurance). The main idea of this product is to offer clients access to wide range of investment funds with different return profiles. The company cooperates closely with its mother company Parex Asset Management, one of the leading asset managers in the Central and Eastern Europe markets. Return on investment combined with tax benefits makes unit-linked life insurance one of the most attractive mid-term savings solution in Latvia. Contact us: Parex Life (Latvia) |
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