Northern Light Insurance Cell
Northern Light Insurance Cell is the third protected cell to be licenced in the insurance intermediaries market in Malta. The Cell’s licence was issued on the 1st April 2015 by the MFSA as a protected cell of Jatco Insurance Brokers PCC Ltd in terms of the Companies Act (Cell Companies Carrying on Business of Insurance) Regulations, 2010 and to carry out business as an insurance intermediary in terms of the Insurance Intermediaries Act (Cap. 487).
The Executive Management Team bring with them over twenty years’ experience in insurance and investment services, sharing knowledge and expertise, and clients are able to rely on the high level of commitment, responsibility, professionalism and confidentiality which is maintained by all members of staff and which will now be extended to their activities in insurance broking via the Cell in Jatco Insurance Brokers PCC Ltd.
Northern Light Insurance Cell intends to offer clients a choice of carefully selected life insurance products which will be available on both the Maltese and European markets and will provide advice and assistance in establishing the life insurance plan that meets the client’s best interests. As part of the Group’s strategy, the Cell will focus primarily on high net worth individuals.
The Cell will be offering its customers life insurance cover in the form of a “Portfolio Bond”. The Portfolio Bond is a unit-linked, whole of life insurance policy that provides a straightforward and effective way to hold a wide choice of investments in one manageable portfolio structure. The assets of the Portfolio Bond are held within a unique fund that is linked to an international insurance policy owned by the client. The Portfolio Bond is designed to provide the flexibility and diversity required which enables the client and professional advisor to construct a Portfolio Bond that meets specific financial needs without restricting asset selection.
Northern Light Insurance Cell shall aim to provide optimal insurance cover whilst at the same time ensuring the provision of a more cost effective service to its clients.