Bucharest, October 12th 2010
Citibank Romania Offers to its Customers New ING
Life Insurance Solutions
In response to the growing customer demand for reliable insurance solutions, Citibank Romania is now offering to its
customers the possibility to contract two life insurance products. Regal and Academica are the two products developed
by ING Asigurari de Viata, which efficiently combine the benefits of a traditional life insurance with those of a
saving product.
Academica allows customers to save money for their children, until they turn at least 18 years old. Having decided
upon the amount a customer wishes to pay, premiums are paid every 1, 3, 6 or 12 months and the maturity benefit is
guaranteed and paid over five years or all at once when the child reaches 18 years old. In addition, Academica tops-up
the guaranteed sum with a share of the profit from the Insurer's investments. At the time of signing the insurance
contract, the customer must be between 18 and 60 years old, have an active Current Account opened with Citibank
Romania and his child must be under 17 years old. If during the payment period the decease of the payer occurs, the
insurance contract continues and ING Asigurari de Viata takes over the premium payments until the maturity of the
contract.
Regal Life Insurance is a life insurance solution that offers a double benefit, enabling a customer to save money and,
at the same time, giving him the opportunity to insure the financial security of the beloved ones, in case something
unpredictable happens. At maturity, the customer receives a guaranteed sum and a share of the profit from the
Insurer's investments. At the time of signing the insurance contract, the customer must be aged between 18 and 65
years old and have an active Current Account opened with Citibank Romania.
For both products, the customers have the flexibility to change the frequency of the premiums payment, increase the
premium value and the sum insured annually and they can also attach riders. Moreover, premium discount is available
for those paying quarterly, half-yearly or annually, and to those paying a larger premium.
Kumar Ramachandran, Consumer Head at Citibank Romania declared: "The partnership with ING Asigurari de Viata on the life insurance solutions offer is based on Citibank's focus on continuously expanding its retail banking offering in
Romania by giving customers a wide range of options to grow as well as protect their wealth".
"I am confident that the life insurance with saving component and the children financial plan offered by ING Asigurari
de Viata to Citibank clients are a comfortable and efficient solution for wealth accumulation and provide in addition
a unique benefit: financial protection of the family. Through the partnership with Citibank, we offer customers a new
and convenient channel to cover the need of financially protecting their families", Cornelia Aurelia Coman, CEO ING
Asigurari de Viata, said.
About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business
in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and
institutions with a broad range of financial products and services, including consumer banking and credit, corporate
and investment banking, securities brokerage, transaction services, and wealth management. Additional information may
be found at www.citigroup.com or www.citi.com
About Citibank Romania
Citi has been present in Romania since 1996 and provides high-quality financial products and services to national and
international companies, small and middle enterprises, the public sector, non-profit organizations and individuals.
Additional information may be found at www.citibank.ro
About ING
ING Group is one of the world's most powerful Financial Services providers, of Dutch origin, offering banking,
investment, insurance and retirement services to over 85 million private, corporate and institutional clients in more
than 40 countries, through a diverse workforce of over 105,000 people. ING Life Insurance entered the Romanian market
in 1997, since 1999 being the leader of the life insurance market, with 32% share at the end of 2009.