COVID-19 Rider of Max Life Insurance The Coronavirus Pandemic has become a matter of concern for the whole country. There are more than 4 million cases in India of the COVID-19 cases. On the other hand, the treatment for the COVID-19 disease is also quite expensive and if you are a severe patient then you will have to be hospitalized in ICU. So, you can take a look at the COVID-19 Rider of Max Life Insurance that you can add to 12 different policies. You can add this rider to term plans, saving plans, and investment plans. There are 12 products of Max Life Insurance to which you can add this rider. Let’s see the features and benefits of this rider. Features of Max Life Insurance COVID-19...
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Financial services group Momentum Metropolitan warned on Monday (17 August), that a third party unlawfully accessed a limited portion of data of a subsidiary of the group. It said in a statement that it became aware of a data breach on its network on Thursday (13 August) and immediately activated its IT security incident plan, which included the implementation of additional systems monitoring and the reinforcement of its IT security. “The group’s IT teams have been working non-stop to ensure that service to clients remains unaffected.” “In conjunction with cyber forensic partners, the group has done extensive investigations into the nature and extent of the breach. Based...
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En español | You don’t want to think about it, but at some point you are going to A) die and B) pay for the funeral. With the median cost of a traditional funeral running $7,500, you should plan for it like any other large, looming expense. You’re thinking, I’ll just set aside money in my will. That works, but it’s not the best way to go. Your survivors won’t be able to get that money until your estate wends its way through probate, which takes from a few months to a year. Since most funeral homes want full payment upfront, your survivors will have to front the funeral costs out of pocket. Here are some better ideas for covering that final bill. Insurance Many life insurance policies will...
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The News Scroll 19 June 2020 Last Updated at 4:26 pm | Source: PTI Life insurance sector to see growth coming back to normal levels in medium to long term: Edelweiss New Delhi, Jun 19 (PTI) The growth of the life insurance industry is likely to be muted in the short term but will be back to normal levels in the medium and long term amid growing awareness for insurance cover in the wake of COVID-19, according to Edelweiss Tokio Life Insurance. The coronavirus outbreak and subsequent lockdown led to sluggish business activities across sectors including the life insurance industry, Edelweiss Tokio Life Insurance MD and CEO Sumit Rai said. "Over the last two months of the lockdown, the life...
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Funeral plans and life insurance – what’s the difference? From car and home insurance, to life and medical policies, there are literally hundreds of different types of insurance policies available to the public – and some policies that we all need regardless of where we live or the jobs we do. Figuring out which basic policy to invest in can be confusing, because there are multiple options for each one. “Some of the most common misconceptions about insurance occur in the life insurance industry,” says Felix Kagura, Head of Long Term Insurance Propositions at Standard Bank. “Many individuals use the term ‘life insurance’ as a way to refer to funeral cover and life cover...
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Life Insurance A Life insurance is a protection plan that offers insurance coverage against the untimely death of the insured or after some specific period of time when the insurance policy matures. To avail this protection, the insurer pays a pre-determined amount of money as premium towards maintaining the policy. Moreover, the primary purpose of a life insurance policy is to safeguard the financial interest of the policyholder’s family. There are a few life insurance companies in UAE that offer a broad range of life insurance plan such as endowment plans, term plans, whole life insurance, ULIPs, etc. The premium rates for life insurance varies from plan to plan and it is based on the...
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Individual Life Insurance is a type of life insurance that financially protects the families or loved ones of the insured person in the event of his or her death. There are two major types of Life Insurance Individual Life Insurance and Group Life Insurance. An Individual Life Insurance covers just one individual and is a kind of policy that is usually based on the risk factor of only one person. However, there are other types of Life Insurance that cover multiple lives and are still being referred to as Individual Life Insurance. Examples are "firsttodie" and "secondtodie" life insurances. The former is a kind of individual life insurance that covers lives of more than one individual and...
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In case of untimely demise of the earning member, the life of financially dependent members would get jeopardised due to lack of money to sustain their lives. Death is certain, but nobody knows when he/she is going to die. This uncertainty creates a peril, so taking life insurance is very important for the earning member of a family having financially dependent members. This is because, in case of untimely demise of the earning member, the life of financially dependent members would get jeopardised due to lack of money to sustain their lives. To determine how much life cover a person needs, there are various formulas – like human life value etc and one should take adequate life cover to...
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Life Insurance is a simple answer to a difficult question: How will my family manage financially when I die? It's a subject no one really wants to think about. But if someone depends on you financially, its one you cannot avoid. There are many types of life insurance, but for all of them the bottom line is the same: They pay cash to your family after you die, allowing loved ones to remain financially secure. If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death. This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like payment of...
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Life Insurance Of all the types of insurance, life insurance may be the most important to the financial security of your family. Life Insurance Purpose Life insurance is primarily purchased as a means of providing your survivors with the funds needed to pay off debts and funeral costs in the event of your demise. If you have a family, the policy will ideally also replace your salary for one to two years, if not until your children reach adulthood. This will allow your spouse the time to recover from your death and ensure the family can continue to live at the same financial level as they did while you were alive. How Much Coverage Is Necessary? Not everyone needs the same amount of life...
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