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Ping An Signs Agreement with Shionogi to Launch Joint Ventures

HONG KONG and SHANGHAI, July 27, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter " Ping An " or the "Group", HKEx:2318; SSE:601318) is pleased to announce that agreements have been signed with Shionogi ( Hong Kong ) Company Ltd. ("Shionogi ( Hong Kong )"), a wholly owned subsidiary of Shionogi & Co., Ltd. ("Shionogi") to launch joint ventures in Shanghai and Hong Kong, namely Ping An-Shionogi Co., Ltd. and Ping An-Shionogi ( Hong Kong ) Limited . The establishment of the joint ventures will enhance the level of health and medical care service in China, in line with Ping An's healthcare ecosystem strategy. Ping An-Shionogi Co., Ltd. is registered in...

LIC Jeevan Shanti Policy News: LIC Jeevan Shanti Pension Plan Pensions, Premiums, Pension Options And Other Benefits Here

Life Insurance Corporation (LIC), the country's largest life insurance company, which offers insurance policies like term insurance plans, endowment plans and money back plans also offer pension plans. LIC's Jeevan Shanti Policy plan is one of the pension plans being offered by the state-run insurance corporation. LIC Jeevan Shanti policy is a single premium plan wherein the policyholder has an option to choose an immediate or deferred annuity or pension, LIC said on its website www.licindia.in. LIC Jeevan Shanti policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings, LIC added. (Also Read: Planning To Buy LIC Policy? Here Is...

Joint Term Life Insurance

Tell Me More Right now, look around your home and picture it without you. If something happened to you or your spouse , is your family in a position to maintain their current lifestyle? Sure, you try to put away a little money for a rainy day. But it's tough. The dollar just isn't what it used to be and your family needs money to survive. Fortunately, Military Officers Association of America (MOAA) has a solution with the Military Officers Association of America (MOAA) "2-in-1" Joint Term Life Insurance Plan. What is the Military Officers Association of America (MOAA) "2-in-1" Plan and how does it work? The Military Officers Association of America (MOAA) "2-in-1" Plan is a Joint Group Term...

NICO Life, MASM launch joint funeral scheme policy - Malawi Nyasa Times - News from Malawi about Malawi

Malawi’s leading insurance service provider, NICO Life and Medical Aid Society of Malawi (MASM) have launched a joint funeral scheme in which MASM clients will from July 1 enjoy funeral cover of up to K1 million, up from K300 000. The signing ceremony by Chikoti (right) and Chapola Done deal by the two companies Named Dekhani (Keep Calm), the K1 million cover is for VIP Scheme members while K750,000 is for Executive Scheme and K500,000 for ECONO Plan. The benefits will be paid immediately death occurs in the form of a service provided by MASM partners, Goodwill Funeral Services and other funeral service providers, that include a coffin, embalming services and transportation by road to any...

Intellasia East Asia News - Insurance sector sees changes in CEO positions as usual

The end of the financial year is when insurance companies change hot seats. New CEOs usually appear in the first half of the next year. A leading life insurance company in Vietnam is about to have a new general director. The information has not been officially announced because it is still waiting for the approval of the Ministry of Finance. Notably, this new leader is the one that previously held the position of deputy general director and is Vietnamese. Previously, in the first week of April, FWD Group announced that it had received the statutory approval for the acquisition of Vietcombank Cardif Life Insurance Company (VCLI) a joint venture between Commercial Joint Stock Bank for Foreign...

Munich Re’s ERGO expands in China via Taishan investment - Reinsurance News

Munich Re’s ERGO expands in China via Taishan investment ERGO, the primary insurance arm of reinsurance giant Munich Re, has expanded its property and casualty (P&C) services in the Chinese market via a strategic investment in Taishan Property & Casualty Insurance Co., Ltd. Once completed, the deal will see ERGO take 24.9% equity interests of Taishan Insurance through its subsidiary, ERGO Versicherung AG. Incorporated in 2011, Taishan is a Shandong-based nationwide P&C insurer that provides products, services and solutions to customers throughout China. In addition to deepening ERGO’s presence in China, the investment is expected to enhance Taishan’s market offering as the...

FWD Life rebrands business as acquisition completed - Business - The Jakarta Post

Logo of insurance firm FWD Life. (Courtesy of/ivoox.id) Joint venture insurance company PT FWD Life Indonesia, part of FWD Group, has rebranded its name as it completed the acquisition of insurance firm PT Commonwealth Life on Monday. With the acquisition, the company has rebranded its name to PT FWD Insurance Indonesia as part of the new phase. The deal, announced in October 2018, saw FWD Group taking over shares belonging to the Commonwealth Bank of Australia (CBA), which initially held an 80 percent stake in Commonwealth Life, for an estimated US$300 million. “We’re delighted to enhance our presence in Indonesia through this acquisition. Indonesia is a priority market for FWD...

Should I choose a single or joint life insurance policy?

Should I choose a single or joint life insurance policy? If you’ve been looking at websites to research life insurance, you may well have seen that you have the option of taking out a single life insurance policy or a joint life insurance policy. Which one is best? It may well depend on your situation. If you’re single then the choice is made for you, but for married couples, civil partners and cohabiting couples, does it make more sense to choose the joint policy? What’s the difference between the two? The main difference between taking a single policy and a joint policy is that the majority of joint life insurance policies will only pay out on the first death. What does this mean? If one...

Single, Joint and Dual life insurance explained - oomph oomph

Single, Joint and Dual life insurance explained Are you confused with all the different types of life insurance that is available to you? We have explained below single, joint and dual life insurance. Single life insurance A single life cover is for one life only. The benefit is paid when this person dies to the persons declared beneficiary. This is normally done when a death claim is filed and the death certificate is submitted. Joint Life insurance A Joint life is cover on two lives. This is when the cover insures two people but the claim is paid out on the first death only, there is only one payment made under this policy. Typically the payment is made when the first of the two people...

Welcome to Life Insurance Corporation(International) BSC (c), Dubai

Marriage is a sacred bond that unites a man and a woman. It makes each one of them responsible for their mutual welfare and for the welfare of their children. Traditionally, it was a man's responsibility to protect his wife and children. But now economic constraints and the necessity to maintain a better standard of living, force both husband and wife to work for a living. Thus today in many families, both husband and wife assume the role of breadwinner. The loss of any one of the partners economically affects the family and their standard of living. It is to offset this loss that LIC (International) has brought out Double Cover Joint Life Plan, a novel joint life plan which covers both...