Axa Philippines is offering local investors a capital-protected life insurance product, 3G-Xceed.
The seven-year product offers a guarantee on capital, up to 36% minimum growth plus 125% death benefits. Further growth depends on the performance of an underlying basket of equities.
"What was clear was that investors were looking for guarantees on their investments, guarantees that their principal won't incur a loss, guaranteed capital protection, and a reasonable guaranteed rate of return on their investment," said Rien Hermans, president and chief executive officer of Axa Philippines, in an announcement.
Axa Philippines is a joint venture between France's Axa Group and the Metrobank, one of the Philippines' largest financial conglomerates.