Bank clients turning to insurance products

Most bank customers are increasingly preferring insurance-linked investments more than bank savings. FILE PHOTO | NMG

Most bank customers are increasingly preferring insurance-linked investments more than bank savings as the products offer more stable returns in the long term.

In an interview with Infotrak, Liberty Life managing director Abel Munda says typical life insurance products, being longterm in nature, afford the customer a more stable return as one can ride out the short-term fluctuations in the capital markets.

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