These ILIPs are designed for high-net-worth individuals seeking to benefit from Bitcoin’s price movements without directly holding the digital assets.
The policies are tied to Bitcoin futures contracts traded on the Moscow Exchange (MOEX), providing an alternative way to invest in the booming asset class.
Renaissance Life’s offering, part of its “Cryptocapital” program, requires a minimum investment of 1.5 million rubles (roughly $19,000) and has a two-year duration.
If the value of IBIT-linked futures rises significantly, such as Bitcoin doubling in value, the investor could earn up to 2.4 million rubles (over $30,000) before taxes.
However, the initial capital is protected if the market underperforms and Bitcoin drops. Renaissance Life CEO Oleg Kiselev emphasized that policyholders would at least recover their full deposit.
On the other hand, BCS Life Insurance is offering a similar product with a longer three-year duration and a higher minimum entry of 3 million rubles.
Unlike its rival, BCS allows portfolio rebalancing during the policy term, giving investors more flexibility to adjust asset allocations in response to market shifts.
Other insurance companies are tapping into this trend and providing Bitcoin-linked investment products for their clients.
This product shows that interest in Bitcoin-backed financial instruments have surged, especially in the past year, as the US administration has adopted pro-crypto policies and Bitcoin’s price has surpassed the $100,000 mark.
