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Adaptive Approach
Our products are built with the idea to adapt and evolve with clients' needs over a lifetime. We aim to become the single-entry point for a client’s financial needs in connection with insurance – replacing the need for repeated conclusions of various financial and insurance products.
Founded to change the way people use insurance products, we have brought dozens of innovations to the marketplace. These fall into five key areas which enhance client satisfaction:
While the overall structure of our products is universal across the European market, they are fine-tuned following the local requirements of each country and some products are only available in certain markets. You can find detailed information related to specific innovations in General Terms and Conditions or other pre-contractual documents of each offered product.
Long-term Investing
Investment Options
Clients can build and protect their wealth with NOVIS' unique insurance products. From the inception of NOVIS in 2013, we strive to offer to policyholders via internally managed insurance funds the broadest risk diversification one can find in the retail financial products in Europe.
Since 2019 we have also included an investment option that promotes sustainability and impacts investing. This new investment option is available for all our clients including policyholders who concluded an insurance contract in previous years.
At the beginning of the contract, each policyholder determines the combination of insurance funds that will be used in the insurance contract and that must correspond to their investment profile. Changes in the allocation of the insurance funds can be made on a monthly basis with no extra cost. A suitability assessment is performed by insurance distributors.
Investment is only a part of combined investment & insurance products and the availability of respective funds may differ among offered products.
How it works
One contract with lots of flexibility
A single contract of our combined investment & insurance products can cover an unlimited number of insured persons, including family members as well as unrelated persons. Our combined investment & insurance products are designed to be adaptable and changeable as clients' lives evolve.
With a traditional approach to insurance products, clients would have been required to enter new insurance contracts with additional acquisition costs whenever their needs and demands change significantly.
We have eliminated many of the outdated rules around premium payments and have given clients more choices on when and how much to pay for their combined investment & insurance product. The only remaining requirement is to pay the total agreed premium cumulatively and not necessarily in each period. Acquisition costs apply only to the agreed premium and not to higher or extra payments.
Life Situations
Our products are designed either to adapt and change with our client's needs over a lifetime or they are designed tailor-made for a specific need. This allows offering a solution to a wide scope of clients - whether they are just starting to build wealth for their future or already have a family they want to ensure and protect. We are focused on serving clients over the long term, therefore many of our products allow adding insurance coverages or additional insured persons as client's situations evolve.
Products
Our solution is designed to meet clients’ insurance and investment needs while at the same time utilizing tax and/or social benefit incentives granted by local governments and complying with market-specific regulations.
Combined Investment & Insurance
Insurance products combined with investments (unit-linked insurance or insurance-based investment products – IBIPs) offer a simple but effective solution for clients who look for a universal solution for their protection and building wealth for the future.
Our products feature many significant innovations. One life insurance contract for the whole life and the whole family. Using of internal (insurance) funds, which offer a variety of options for investment – relatively stable performance thanks to investing into corporate and government bonds and/or high performance due to investments into stocks traded on major stock exchanges worldwide and/or also sustainable and impact investing. Flexibility in paying the premium and changes of the contract without processing fees thanks to the unique construction of Insurance Account.
Pure Risk Coverage Product
We have created products focusing on potential life and health-related risks with the same emphasis on innovation that we apply to all of the business.
Italian Tax Supported Investment Plan
We offer an insurance product for Italian residents compatible with so-called Individual Savings Plan regulation (Piani Individuali di Risparmio or PIR) so they can fully utilize foreseen tax benefits. The main feature of the product is an internal (insurance) fund tailor-made to be compliant with respective regulation and thus investing mainly into Italian based companies while favoring small and medium sized companies.
Portfolio Products
Our existing clients in individual countries have concluded the contracts of the following products. Our ongoing aim is to provide the best potential solutions to clients during the whole life of the contractual relationships.
Please note: The following products are only used by NOVIS existing clients and are not available for new clients anymore.