Know Where You Stand Health-Wise Most Americans believe they’re healthier than they honestly are. It’s a trick our minds play on us, attempting to brighten a situation that might be dimmer than we wish. Although this sideways look at reality doesn’t always impact us tremendously, life insurance underwriters are less thrilled about the fantasy self we see in our minds. But let’s back up and spotlight underwriters for a moment. Underwriters are typically the final say in whether a life insurance application is approved and under what terms. When reviewing your life insurance application, an underwriter will determine your premium and coverage amounts. Instead of pegging your healthy,...
Continue reading...
There are various kinds of investment opportunities available in India, however, before you start, make sure that your investments and your goals are aligned, and you are in this for the long haul. If you are planning to start investing but are confused about where to start from, you are not alone. Thankfully, there are various kinds of investment opportunities available in India, however, before you start, make sure that your investments and your goals are aligned, and you are in this for the long haul. Having said that, if your goal is to save tax, then you could look at options like ELSS or PPF. Additionally, you could also look at ULIP, if you want to save for your retirement, which...
Continue reading...
Dutch group NN, the leader of the life insurance segment in Romania, will also enter the general insurance segment - which includes, for instance, home insurance. However, it will not issue car insurance. NN Asigurari, the branch to operate on this segment, has already received the approval of the Financial Supervisory Authority (ASF). NN has been present on the Romanian life insurance market since 1997 and had a share of 36.58%, at the end of last year. Besides issuing life and health insurance policies, NN also manages Pillar II and Pillar III pension funds in Romania. "NN Romania announces plans to expand its activity by entering the general insurance market. On July 15, NN Romania...
Continue reading...
The global Whole Life Insurance Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Whole Life Insurance Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Whole Life Insurance Market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Whole Life Insurance Market. We have also focused on...
Continue reading...
1. Market gains for 4th consecutive week; Sensex & Nifty up 1.5% each 2. Nifty Bank gains 2.5%, Midcap index 1.4% this week 3. Nifty Metals gains the most amongst indices, up 3.5% 4. Bajaj Finance, Hindalco, IndusInd Bank, SBI top Nifty gainers this week 5. Bharti Infratel, Adani Ports, ITC, ONGC top Nifty losers this week Here are the key highlights from today's trading session: 1. Financials drag market; Sensex & Nifty end 0.4% lower 2. Nifty Bank slips 2.2% with all its constituents in the red 3. RIL lifts Nifty by 45 points while HDFC twins & ICICI Bank drag by 61 points 4. 3 of top-5 Nifty losers are financials; Axis Bank & IndusInd Bank down 3% each 5. Nifty falls...
Continue reading...
ICICI Bank had earlier said that the lender would look at further strengthening the balance sheet as opportunities arise. The board of ICICI Bank has approved a proposal to raise upto Rs 15,000 crore. The bank will raise funds through various options including private placements, preferential issue, qualified institutional placement (QIP) and further public offer. ICICI Bank has joined the league of banks raising capital to absorb Covid-19 shock. State Bank of India ( SBI ), Axis Bank, Yes Bank, Federal Bank, among others have announced plans to raise capital. ICICI Bank had earlier said that the lender would look at further strengthening the balance sheet as opportunities arise. “We are...
Continue reading...
What happened Shares of many insurance companies fell by double-digit percentages in the first six months of 2020, according to data provided by S&P Global Market Intelligence. The pain was felt across the industry. Shares of Allstate ( NYSE:ALL ), which primarily sells auto and homeowners insurance, were down 13.8% in the first half of the year. Specialty insurer Markel ( NYSE:MKL ) saw its shares tumble 19.2%. Supplemental insurer Aflac's ( NYSE:AFL ) shares were clobbered, falling 31.9%, while general insurers Chubb ( NYSE:CB ) and MetLife ( NYSE:MET ) plunged 18.7% and 28.4%, respectively. So what In the midst of a pandemic, it's natural for investors to have doubts about insurers,...
Continue reading...
Big Ben in London. (Photo: Shutterstock) A major deadline is rapidly approaching for life and annuity issuers, and many aren’t taking the necessary steps to be fully prepared. It has been a few years since regulators announced that the London Interbank Offered Rate (LIBOR) would be discontinued by December 2021. The average interest rate at which major global banks borrow from one another, LIBOR is linked to around $400 trillion in financial instruments, including derivatives, options, floating rate notes, loans, securitizations and other short-term products. Many of these agreements are owned within the investment portfolios of life insurance companies and are indexed on LIBOR rates. These...
Continue reading...
While the insurance regulator has allowed insurers to sell short-term Covid–19 specific health insurance policies, ideally people should buy a comprehensive health insurance policy and renew it every year The insurance regulator has allowed all insurers—life, non-life and standalone health—to offer Covid–19 specific short term health insurance policies. These policies will be for a minimum term of three months to a maximum of 11 months and can be offered both as individual or group products. While optional covers that enhance the health insurance coverage are permitted to be offered for the same policy duration, no separate add-ons are permitted. While life insurers will offer only benefit-...
Continue reading...
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+" of Farm Bureau Life Insurance Company (FBL). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" of FBL Financial Group Inc. [NYSE: FFG], the holding company of FBL. The outlook of these Credit Ratings (ratings) is stable. Both companies are domiciled in West Des Moines, IA. The ratings reflect FBL’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Risk-adjusted capital is assessed at the strongest level and is supported...
Continue reading...
