A Russian insurance company has launched insurance policies linked to Bitcoin, providing a new investment avenue for high-net-worth individuals.

Local media reported on July 2 that two large insurance companies in Russia, Renaissance Life and BCS Life Insurance, have launched an insurance product linked to Bitcoin called Investment Life Insurance Policy (ILIP), providing high-net-worth individuals a new way to benefit from the price fluctuations of Bitcoin without directly holding digital assets.

This product allows policyholders to gain benefits from Bitcoin price fluctuations through a traditional insurance framework, while avoiding the technical barriers and regulatory risks associated with directly holding digital assets.

These insurance policies allow investors to invest in the iShares Bitcoin Trust ETF (IBIT), which currently has the largest asset management scale globally, and the investment channel provided by the insurance policies is to perform trading operations through Bitcoin futures contracts offered by the Moscow Exchange (MOEX).

According to reports, the cryptocurrency capital service offered by the insurance company Renaissance Life requires a minimum investment of 1.5 million rubles (approximately $19,000), with a term of two years. During this period, if Bitcoin doubles in price, investors can achieve a maximum return of 2.4 million rubles (over $30,000). If the market performs poorly and the price of Bitcoin falls, investors can at least recover their entire principal.

The similar product launched by BCS Life Insurance Company has a term of three years, requires a minimum insurance amount of 3 million rubles, and allows for rebalancing the investment portfolio during the policy period, thereby providing greater investment flexibility.

In addition, other insurance companies are also leveraging this trend to offer clients Bitcoin-related investment products. For example, Meanwhile Insurance launched a service last year that allows policyholders to borrow Bitcoin using their policies as collateral, thus enabling investors to avoid paying capital gains tax.

Overall, with the introduction of cryptocurrency policy support by the US government and Bitcoin prices breaking through $100,000, the interest of governments, banking institutions, and investors in Bitcoin-supported financial instruments is also surging.

In the future, we may see more innovative products like this emerge, further driving the integration of cryptocurrencies with the traditional financial system.

#俄罗斯保险公司 # Bitcoin linked #insurance product