BMCI strives to always optimize the savings investments of its customers. It is in this sense that Multisupport Life Insurance offers savers the freedom to diversify their savings investments, benefiting on the one hand from the security of the fund in dirhams and on the other hand from the dynamism of UCITS via the compartment in Unit of Account (UA). Through units of account, savings access the financial market and benefit from its performance to obtain higher returns..
Indeed, Multisupport Life Insurance is positioned as a new alternative to traditional products (Term Deposits, Book Accounts) offering 3 times more yield than the latter.
Thus, in order to strengthen its range of savings products, BMCI is launching two products in partnership with AXA Assurance Maroc “OPTIMIS MULTI-SUPPORT HERITAGE” and in partnership with Allianz « ALLIANCE SELEKTISSIMO CAPITAL ».
These two new innovative products are savings contracts that offer two compartments:
– The fund in dirhams, where the capital is guaranteed with a return that is both competitive and prudent.
– The second unit-linked compartment backed by UCITS (Shares, Bonds, Money Markets, Diversified), managed by BMCI Asset Management, which are both efficient and generate better profitability.
Through this partnership, BMCI allows its savers greater flexibility, by opting for the allocation by compartment that best suits their expectations and according to their risk appetite. They can also count on the expertise of BMCI’s asset managers to advise them on the most appropriate allocation according to their profiles.
During the life of the contract, savers can also arbitrate, ie transfer funds from units of account to the fund in dirhams or vice versa, or even arbitrate between units of account. Recourse to the fund in dirhams can be used to secure the capital gains made on the fund in unit-linked funds or consolidate all of one’s savings while waiting for an opportunity on the financial markets.
In addition, BMCI’s offer adopts an advantageous tax framework that governs life insurance in Morocco:
– Before the 8th anniversary of the contract, only capital gains on distributed income will be taxable;
– From the 8th anniversary of the contract, a total tax exemption will be applied;
– The transmission of life insurance savings contracts to the designated beneficiaries in the event of death is exempt from any tax and inheritance tax.
In this sense and for more security, the AXA Assurance Maroc and Allianz offer also offers to back its Multisupport contract, a death insurance, which guarantees the designated beneficiaries to receive a capital.
For customers who wish to seize this opportunity and transfer their existing insurance contracts to the new multi-support contract, this can be done while taking into account tax precedence.
With regard to the performance that can be expected by subscribing to this new Multi-support life savings product, the offer offers Bond Units of Accounts providing security with a slight return, and also Units of Accounts oriented towards the equity market certainly presenting a higher risk but moderated by a management with a longer horizon, offering significant returns.