Eurolife is launching an Isa offering a a choice of either fixed income or capital growth.
The Extra Income & Growth Isa pays investors 8 per cent a year over a four year term.
Alternatively investors looking to build up capital can select the growth option which pays 33 per cent at the end of the four year term.
The Isa guarantees to return the capital in full at the end of the four years providing the FTSE 100 stockmarket index is no lower than it was at the start of the investment term.
Commission to IFAs is 3 per cent.