RUSSIA: Renaissance Life and Banki.ru create a tool for personal budget management

3 February 2022 —
The Banki.ru financial supermarket (one of the Russian main financial portals) and Renaissance Life insurance company (one of the top-10 Russian insurers) have created a tool for personal budget management based on a financial product generator, the company said in its press release.

Renaissance Life offers a solution based on the pay-yourself-first principle: flexible savings programs help users increase their net worth, thus ensuring a secure future for themselves and their loved ones.

So that everyone can choose a money management tool that suits them personally, a special section has been added to the Banki.ru website that will include special services enabling customers to learn to use basic money management tools, optimize their spending and savings, plan goal-oriented savings, independently add or remove aspects of the offer.

"We are very pleased to have launched a joint long-term project with Renaissance Life. Accumulative life insurance has become an integral part of the portfolios of individuals in most countries. The latest digital technologies make it easier to purchase and use of such products, thus making them more accessible. Together with Renaissance Life, we want to debunk all the myths surrounding this line of insurance, to provide our users with as much information and product support as possible, and to help them achieve their financial goals", said Alexey NOVIKOV, Head of Investments at Banki.ru.

"Thanks to Renaissance Life's tech-based business processes and services, we can now customise products as complex as accumulative life insurance online to meet the individual needs of customers. I am confident that our partnership with Banki.ru, one of the Runet's main financial portals, will provide a synergistic effect, and together we will be able to convey the idea and value of long-term life insurance to millions of Russians, offering an optimal solution in every specific case", said Sergei FAIZOV, Vice President for Strategic Development at Renaissance Life.

More detailed information about the project can be found on Banki.ru's website: https://banki-life.ru.



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