Newly public online broker eToro (NASDAQ:ETRO) is expanding its client product offering, at least in France. eToro has announced a new partnership with Generali, a major player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite, or Retirement Savings Plan) to its users in France.

The announcement follows the opening of eToro’s local subsidiary in France, eToro Patrimoine.

The PER and life insurance contract offered by eToro Patrimoine are designed to cater to a wide range of retail investor preferences and risk appetites, offering both managed and self-directed options, developed in partnership with Generali. Blending eToro’s seamless and innovative approach with Generali’s insurance expertise, the parties said that this partnership marks a major step forward in providing access to long-term savings propositions for eToro’ users in France.

Julien Nebenzahl, President of eToro Patrimoine, said,

“Introducing saving solutions for eToro’s users in France and opening a local subsidiary underscore our commitment to strengthen our footprint in a key market for the business. With these new products, we want to empower retail investors to build a robust savings portfolio that allows them to grow their wealth for the long-term. We are excited to provide them in partnership with Generali, a major player in the French life insurance market. This launch represents a new chapter in our efforts to continually enhance our local offering for our users in France, supporting them throughout their investing lives.”

Corentin Favennec, Partnerships Director at Generali Patrimoine, commented,

“We are delighted to support eToro, a globally recognised investment player, in the launch of its subsidiary in France and its savings offering. Our 100% digital PER and life insurance products, which complement each other, perfectly fit into eToro’s value proposition to serve the wealth management needs of the French people.“

For both the PER and the life insurance contracts, eToro users can choose from managed portfolios with different investment risk preferences, from more conservative to more dynamic. Additionally, investors have the option to build their own allocation by selecting euro funds and unit-linked products, among a list of over 500 choices, including mutual funds, ETFs, stocks, and dated bond funds.

The launch of  this new offering is the latest in a series of recent product updates for eToro users in France. Last year, the platform enabled trading in local currency for eToro Money EUR accounts. Additionally, eToro expanded its offering of French-listed stocks from Euronext Paris, providing its users access to the vast majority of the companies listed on this exchange. French users also benefit from a French IBAN, ensuring a service tailored to their local needs.