Juris Corp advised Valuenable Private Limited in a unique securitisation transaction which was backed by life insurance policies.
Juris Corp aided Valuenable in structuring a securitisation transaction backed by assigned life insurance policies originally issued by Tata AIA Life Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited. These policies are assigned to the trust by original policyholders for a purchase consideration not less than the policy’s surrender value. The securitisation note holders would continue to pay the premium for the allocated insurance policies and be entitled to receive maturity benefits from the underlying policies. The deal also incorporates a tail period to mitigate timing risks and leverages the strong claim settlement track record of the underlying insurers to ensure liquidity.
The deal team included Senior Partner Jayesh H, Partner Apurva Kanvinde, Senior Associate Smit Parekh, Associate Devyansh Desai.
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