Page 9 - Turkinsurance Digital Magazine

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Credit Life Insurance is now available at Groupama Hayat agencies

From now on, Groupama Hayat agents will also be able to sell
the Credit Life Insurance product that Groupama Hayat offers to
its customers through bank branches. In this way, Groupama Life
agencies will also protect their customers who withdraw loans from
banks against various risks. Groupama Hayat has expanded its dis-
tribution channels for its credit life insurance product. From now
on, Groupama Life agencies will also be able to offer this product
to their customers who use loans from banks. In this way, Groupa-
ma Hayat expands its product portfolio in its agents and offers its
customers the opportunity to make transactions from agents they
trust and know. Cevdet Altuğ, Deputy General Manager of Sales of
Groupama Turkey, who said that they aim to protect their custom-
ers from risks during the credit processes with Credit Life Insurance
said: “Life insurance for credit transactions is offered by all banks.
Consumers who wish take out their life insurance through their
banks. As Groupama Hayat, we have enabled our agents to offer know for many years, and to develop our agents' product portfolio.”
Credit Life Insurance to their customers as well. Our goal is to pro- Those who want to take advantage of the Groupama Hayat Kredi
vide an opportunity to work with our agents for these transactions Life Insurance product can have their policies through their agents
for our customers who have been working with agents they trust and by specifying the necessary guarantees for their loans.

One out of every 5 children has stepped into BES with Garanti BBVA Emeklilik

see that the intensity comes from newborn babies, while parents who
have not yet started BES for themselves are moving faster for their
children’s future. Parents who choose to have BES for their children
are in their 40s... Young parents often initiate BES for their young
children, which means they can achieve greater savings over a longer
period of time. In addition, starting paying contributions on behalf of
children involved in the BES at an early age also allows them to have
a nice accumulation when they reach the age of college. For example,
when a newborn baby is fed and a monthly contribution of 250 TL is
paid, the child receives an average accumulation of 100 thousand TL
when s/he turns 18. If it is continued to accumulate until retirement,
about 580 thousand TL is reached. It is also possible to increase the
contribution share, change the distribution of funds according to the
markets, and reach larger savings with a 30% government contribu-
tion.
As of July 2022, the pension sector is celebrating the first year of the
regulation that paved the way for the inclusion of children under the We are in a dynamic period when new applications are taking place in
age of 18 in the “Volunteer BES”. In the last one-year period, the BES and the participant is more advantageous. The trust of parents
total number of participants in the Children’s BES has reached 360 in the private pension system is also very valuable for the development
thousand people in the sector. Garanti BBVA Pension, which has a of the sector. Recently, the ”Gift Certificate at BES” application
fund size of TL 208 million in the BES under the age of 18, has con- has been implemented. In this way, you can have BES to anyone you
tributed to the inclusion of one in every 5 children in the system and want, or you can contribute to the savings of someone who already has
saving at an early age. BES. This application was also a good development for the Children’s
BES side. For example, you can give your nephew or your friend’s
Burak Ali Göçer, General Manager of Garanti BBVA Pension, who child a BES as a report card or birthday present, and if he has a BES,
made a statement on the subject, said “The application of BES to you can contribute to his savings instead of the allowance you will give
children was an improvement that our industry has been waiting for and get a nice benefit for his future.
for many years. the inclusion of children under the age of 18 in the
private pension system with the step taken in 2021 has been received As Garanti BBVA Emeklilik, we aim to reach more than 100 thou-
very positively both from the point of view of families and the sector. sand participants in the BES under the age of 18 in the coming peri-
With the increase of the state contribution to 30%, the advantages of od. With the knowledge and expertise we have in the field of BES, we
BES for Children have increased even more.cIn our company, when will continue to provide the best service in this field for families who
we look at the ages of BES participants under the age of 18, we want to prepare a better future for their children.”