National Life Daatgal, Mongolia’s pioneering life insurance company, and DBM Asset Management LLC have signed a Memorandum of Understanding (MoU) to collaborate in promoting sustainable housing development aligned with financial, social, and environmental policies.

This partnership aims to reduce the cost of housing projects while expanding access to homeownership for low- and lower-middle-income households, particularly first-time homebuyers. Through this initiative, individuals will be able to accumulate their down payment in a secure and structured way using National Life Insurance’s housing savings insurance product, creating a more attainable pathway to owning a home.

The collaboration will also promote green buildings and clean heating solutions, supporting the transition away from coal-based household heating. By encouraging more sustainable housing development, the initiative contributes to reducing urban air pollution and creating healthier, more sustainable living environments.

National Life Insurance LLC will participate in the initiative as an institutional strategic partner, providing insurance-based solutions that support housing savings mechanisms while also strengthening long-term financial planning and wealth accumulation opportunities for citizens.

Looking ahead, the parties will further explore cooperation in long-term investment solutions, including initiatives supporting retirement savings and sustainable economic development.National Life Insurance LLC is one of the earliest portfolio companies established with investment from Gund Investment.