HDFC Life has entered into a corporate agency arrangement with Yes Bank in this regard. We expect the industry to be able to achieve a flat to slightly positive growth for the entire year if the current trends sustain. HDFC Life on Tuesday said it has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank Limited entered into a corporate agency (CA) arrangement, it said in a release. This CA arrangement will enable customers of Yes Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness, it added. “There...
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Dead Happy boss Phil Zeidler was motivated to enter the life insurance market in the UK with a new proposition after he came very close to the final curtain himself Phil Zeidler, co-founder and CEO of Dead Happy (Credit: Dead Happy) Dead Happy is one of several brands trying to change the dull perception of life insurance in the UK, but its CEO’s own brush with death makes for a uniquely personal founding story. Phil Zeidler explains to NS Insurance’s Peter Littlejohns why he’s passionate about expanding access to life insurance and how his company uses humour to break the ice. In a 1789 letter to 18th Century French physicist Jean-Baptiste Le Roy, United States founding...
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Some industries are going into the fifth month of lockdown with no end in sight. If you are still not earning an income or still earning only part of your normal income, there are ways to keep your life insurance policies at a time when Covid-19 deaths are climbing daily. Life insurers are extending the premium relief measures they introduced when the lockdown began in March to the end of August or September for those who remain in financial difficulty or find themselves now in difficulty as a result of the lockdown. You can apply for a premium waiver where you take a holiday from paying premiums for three months but this means your cover will also be suspended and should you die, you would...
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Job Information Senior Consultant, Life Insurance, Technology Enabled Transformation Do you want to engage your mind? Then join EY to gain experiences that will last a lifetime. We’re looking for Senior Consultants to join our Life Insurance team due to the tremendous growth. As part of the Financial Services Advisory team, you’ll work with global companies combining your technical expertise, proven consulting skills and industry knowledge to help solve their most complex issues. As a Firm we are on a journey to double the size of our business by 2020. Growing our advisory business is critical to achieving this and consequently we are placing significant investment in growing this part of...
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The global battle against the coronavirus has not yet been won. Nonetheless, many countries have managed to reduce the number of Covid-19 infections by taking action – at times drastic – to curb the spread of the virus. In some corners of the world, lockdown measures are now being eased or even lifted entirely, and social and economic life is ramping up again - albeit under strict hygiene and safety rules. But the threat of a second wave of infections still looms and the situation remains precarious. It will not be possible to determine the true extent of the pandemic’s impact on the insurance sector for some time. As a globally active Group, we are of course observing the progression of...
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When you buy life insurance, you enter into a contract with an insurance company that promises to provide your beneficiaries with a certain amount of money upon your death. In return, you make periodic payments, called premiums. The premium amount is based on factors such as your age, gender, medical history, and the dollar amount of life insurance you purchase. In the event of your passing, life insurance provides money directly to your beneficiaries. They can use the money for: Making up for your lost income Funding a child’s education Paying off household debt Paying for your funeral and other related expenses Certain types of life insurance may provide benefits for you and your family...
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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. New Delhi: 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...
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict, this post may contain references to products from our partners. Here’s an explanation for. You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our...
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Stats And Reports has added a new Global Non-life Insurance Market Study that scrutinizes current scenarios for future market size, market share, demand, growth, trends and forecasts. This report first introduced the basics of the Non-life Insurance market: definitions, classification, application and market overview; Specifications; Manufacture process; Cost structure, raw materials and so on. We then analyzed key global market conditions, including product prices, profits, capacity, production, supply, demand, and market growth and forecasts. Top Companies in this report includes: Allianz, AXA, Generali, Ping An Insurance, China Life Insurance, Prudential PLC, Munich Re, Zurich Insurance...
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Like most other industries, the outbreak of Covid-19 pandemic has impacted all types of insurance, including life, general and health insurance. Like most other industries, the outbreak of Covid-19 pandemic has impacted all types of insurance, including life, general and health insurance. So far as the life insurance industry is concerned, it normally deals with pure risk term policies, investment-linked policies, and savings policies with guaranteed/semi guaranteed long-term returns. There will be impact across the board, but the reasons will be different for each category, according to a recent report by PwC India. Here’s how life insurance industry will get impacted by Coronavirus...
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