International Assurance Limited PCC was incorporated in Mauritius in 2009 and currently owns over $900 million in approximately 3,000 active policies (including member group schemes). IAL uses GenRe to reinsure its policies.
Company Products
Policyholders have access to three main trading platforms, in addition to several cryptocurrency wallets. For cash and trading in stocks, bonds, ETFs and derivatives, IAL opens accounts with Interactive Brokers. For structured products, IAL trades through either Capital International Group or Logic Investments. Capital Investment Group’s custodian is BNY Mellon Pershing, while Logic uses HSBC.
In its organizational structure, IAL is registered as a Protected Cell Company. This means that investors’ assets are “segregated”, that is, separated from each other, as well as from the assets and liabilities of the insurance company itself, and are stored in trust accounts in world-class custodian banks. Custodian banks store and service investors’ securities. Therefore, in the event of bankruptcy of IAL, all 100% of the funds that were in the accounts at the time of bankruptcy are returned to customers.
IAL opens programs for capital from $100,000 or the equivalent in the following currencies: EUR, GBP, JPY, AUD.
Benefits
Due to its structure and insurance legislation, IAL offers a number of opportunities and advantages compared to the formation of investment portfolios in bank / brokerage accounts:
- Legal protection. Client funds are legally inviolable, none of the 3rd parties has the right to claim them.
- Reinsurance. 100% protection of the investor’s funds from the risks of bankruptcy of the insurance company due to the legislation on segregated (legally separate) accounts.
- Protection from sanctions. During the term of the insurance policy, the entire investment process is carried out on behalf of the insurance company. Accordingly, even with increased sanctions pressure, clients under the “umbrella” of the insurance company, it will not affect.
- Complete confidentiality of the placement of funds due to the peculiarities of the insurance legislation.
- Tariffs. Service at the rates of a large legal entity (insurance company), and not an individual.
- Taxation. No taxation of transactions during the term of the policy, only at its end. Balancing the financial result of all transactions over the life of the policy. Opportunity to optimize taxation (including accumulated exchange rate revaluation) on existing investments when transferring them from a personal bank/brokerage account to an insurance platform.
- Access through the largest international exchanges to traded and over-the-counter securities (shares, Eurobonds, funds, notes, ETFs, derivatives, etc.).
- Liquidity of funds on the insurance account from 90%, depending on the period until the end of the contract.
- Simplified inheritance system. 101% payout after 14 days upon death of the policyholder.
- Possibility to transfer to the insurance platform the client’s existing portfolio from any international bank/broker from personal accounts or CFC accounts.
- Simplified compliance and lower requirements for the amount of deposited funds compared to opening a personal bank account.
International MasterCard Debit Card
IAL provides an opportunity to open an international Mastercard.
- Works all over the world on favorable terms. The card can be used in over 190 countries.
- The cost of maintaining the card is only $100 per year.
- The card is NOT tied to a specific policy, but is a corporate Mastercard directly from IAL.
- Clients can pay IAL money from their LIP policy or take out a loan secured by their policy.