Russian Insurer Launches Bitcoin-Linked Life Policy — What You Need to Know!
Jakarta, Pintu News – According to Cryptopolitan, Russian companies are now offering investment insurance policies linked to the value of Bitcoin , the leading cryptocurrency by market capitalization.
These new products expand crypto investment opportunities in Russia, which have been steadily growing since the country’s central bank allowed the offering of derivatives based on decentralized digital assets.
Russian Insurance Company Offers Policy Linked to American Bitcoin ETF
Two insurance companies, Renaissance Life and BKS Life Insurance, announced crypto-related investment products in the Russian market, according to a report from Bits. media on Wednesday (July 2).
Read also: Bitcoin Set to Soar? BTC Could Skyrocket to $135K by Q3 and Hit $200K Before 2025 Ends!
Renaissance Life launched a Bitcoin-linked life insurance policy through a program called “Cryptocapital”. The policy offers returns of up to 60% on the growth of US exchange-traded funds (ETFs) that track the price of Bitcoin.
The policy is valid for two years with a minimum deposit of 1.5 million Russian rubles (about $19,000), according to the report.
If a customer invests that amount and the value of Bitcoin doubles during that period, they will receive 2.4 million rubles (over $30,000) before taxes, explains Oleg Kiselev, CEO of the company.
However, if the value of the cryptocurrency drops below the initial deposit value, investors will still receive back 1.5 million rubles, the CEO promised.
For a three-year policy offered by BKS Life Insurance and linked to Bitcoin ETF futures, investors need to spend a minimum of 3 million rubles ($38,000).
Policyholders will have the flexibility to adjust the proportion of assets included in the policy’s investment portfolio throughout the period, according to market conditions.
This unique crypto product will be available to qualified investors before the end of the year, according to statements from the two Russian companies.
Moscow Exchange to Expand Crypto Futures Offerings
The proceeds from the latest investment life insurance policy are linked to the growth of BlackRock ‘s iShares Bitcoin Trust ETF shares through futures contracts traded on the Moscow Exchange .
Russia’s largest stock exchange began trading Bitcoin futures last month, shortly after the Russian Central Bank authorized the sale of crypto derivatives to “highly qualified investors” in late May.
The offering is initially based on IBIT, the largest Bitcoin ETF by assets under management. The fund is estimated to hold $70 billion worth of BTC assets, which accounts for more than half of the total funds managed by all Bitcoin ETFs in the United States.
In late June, MOEX announced that it would be launching a new futures contract referencing the Moscow Exchange PFI Bitcoin Index (MOEXBTC), which is calculated based on price data from some of the largest global crypto exchanges.
This week, Moscow Exchange Managing Director Maria Patrikeeva revealed that the exchange is preparing to increase the number of crypto investment products to be listed.
Read also: Bitcoin Price Prediction: BTC Could Hit $135K in Q3 and Touch $200K by the End of 2025!
MOEX Executive: Crypto Derivatives Increasingly Favored, Russia Ready to Expand Offerings
A Moscow Exchange executive explained that current regulations in Russia allow the launch of derivative financial instruments that use cryptocurrency-based securities as underlying assets. He explained further:
“These instruments are in demand by professional market participants as well as qualified investors. In addition to the futures contract on the iShares Bitcoin Trust ETF, we are also considering other funds, such as BlackRock’s ETF for Ethereum.”
Patrikeeva highlighted that the IBIT contract has now entered the top 30 most active products on the Russian futures market. Since its launch on June 4, the product has recorded a daily trading volume of 1 billion rubles (about $12.7 million).
The MOEX official emphasized that the exchange intends to take an active role in the future development of the crypto asset market in Russia, especially within the established regulatory framework.
Financial authorities in Moscow, namely the Central Bank of Russia and the Ministry of Finance, have so far remained adamant that only qualified investors should have access to cryptocurrencies and derivative products.
However, according to recent estimates, Russian citizens already hold more than $25 billion in crypto assets.
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Reference:
- Cryptopolitan. Russian firms launch life insurance policies tied to Bitcoin. Accessed on July 4, 2025
