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Ghana: Surfline Partners Prudential Life to Provide Insurance Cover for Customers -

Ghana: Surfline Partners Prudential Life to Provide Insurance Cover for Customers Prudential Life Insurance Ghana has partnered with Surfline Communications, Ghana's leading 4G LTE internet service provider to provide an insurance package for employees of Small and Medium Enterprises (SMEs) in Ghana dubbed 'Surf Insure'. This first-of-its-kind partnership will extend life insurance cover to employees of SMEs who are Surfline subscribers signed onto Surf Insure. The subscribers will be entitled to a Hospital Cash Plan (HCP) benefit if hospitalised and Funeral Support in the event of death. Employees of SMEs and other institutions will be able to choose from varied data bundles on Surfline to...

Edelweiss Tokio Life combines life cover with customised pay-outs for financial needs - The Hindu BusinessLine

Edelweiss Tokio Life Insurance ( ETLI), a private life insurer, aspires to emerge as a comprehensive income solutions provider for consumers as it goes about expanding the choices of products for them to choose from depending on their age, point in life etc, a top official said. The latest effort on the income space is an ‘Active Income Plan’, which offers guaranteed income, flexibility and cash bonus, allowing customers to meet both short term and long term financial goals, especially under current economic conditions and volatility, Sumit Rai, Managing Director & Chief Executive Officer, ETLI, told BusinessLine. This ‘Active Income Plan’— fourth income based product for ETLI— can...

SIP Cover: Get insurance cover with no extra cost along with your Systematic Investment Plan - The Financial Express

SIP Cover is one of the options before investors to have a free life insurance cover to protect themselves and their investment at the time of COVID-19 pandemic. Insurance is a much-discussed topic in times of COVID-19, as the number of cases of the Novel Coronavirus infection has surged despite the lockdown. With the virus fear gripping the nation, more and more people are now looking for health insurance and life insurance covers. SIP Cover is one of the options before investors to have a free life insurance cover to protect themselves and their investment at the time of COVID-19 pandemic. Three Asset Management Companies (AMCs) – ICICI Prudential, Aditya Birla Sun Life (ABSL) and Nippon...

Around a third of Kiwi SMEs considering changes to business cover, Insurance Business

Three in 10 (30%) of surveyed small and medium enterprises (SMEs) in New Zealand are planning to make changes to their business insurance cover, due to the impact of the COVID-19 pandemic. “71% of the SMEs surveyed say they’ve taken a revenue hit post COVID,” said Mark Wilkshire, executive general manager for customer experience at Vero. “We found business owners are twice as likely to be impacted by financial vulnerability compared to householders – 39% of business owners say they are now struggling to make ends meet, compared to 21% pre-COVID.” According to Vero, it has implemented comprehensive support options to help its SME customers, including...

Coronavirus will be responsible for steep increase in insurance claims

Coronavirus will be responsible for steep increase in insurance claims The worldwide spread of coronavirus, now named COVID-19, will give rise to insurance claims in many traditional lines of insurance. On 11 March 2020, the World Health Organisation (WHO) officially labelled COVID-19 as a pandemic. Insurance policy exclusions for "pandemic" are likely to be triggered by insurers and reinsurers in many traditional lines of insurance. The impact on COVID-19 losses will affect travel, life, health and event cancellation insurance the most. As reviewed below, there will also be a steep increase in claims under business interruption, public liability, product liability, employer’s liability,...

Survey Reveals UK Areas Where Life Cover Holds Enduring Appeal Insurance Edge

Corona has concentrated minds recently and made us all aware of how fragile life really is. Frontline healthcare workers are now covered by a government life assurance scheme during the coronavirus pandemic. This will give bereaved families a £60,000 lump sum pay-out. But tragedy can hit any family, at any time. To show just how prepared the UK is for the future, trusted life insurance broker Reassured has analysed 5 years of internal data, containing over 130,000 life insurance policies to find out where in the UK is most protected. The study shows Cleveland in the North East of England ranks as the area with the highest proportion of life insurance policies, with 1,034 residents per 100,...

Coronavirus (COVID-19) Outbreak Info for MetLife Customers

Coronavirus MetLife Response | MetLife Please know that each claim received will be reviewed consistent with policy terms and applicable insurance law. Life Insurance: For Group Life Insurance (Basic, Optional, Dependent, GUL and GVUL), there are no policy limitations that would limit a claim payment resulting from COVID-19, provided the individual met all other certificate requirements. Accidental Death and Dismemberment (AD&D): AD&D policies do not cover diseases. Therefore, death due to COVID-19 is excluded, as are all deaths caused by disease. Hospital Indemnity: Because COVID-19 is a viral infection it would be considered a sickness and the Sickness Hospital benefits (admission...

Life Insurance - iCover

Life is full of hopes and possibilities when you’re young, single and have just got a taste of financial independence. Life is suddenly looking good and exciting, right? We know, Life Insurance might be the last thing on your mind right now. But if you truly wish to achieve your life’s financial goals without any financial stress, now is the right time to invest in life insurance plans. By investing in life insurance when you are young, you not only have a protection plan for your dependents at a reasonable premium amount, you can also start building a prosperous long term future as your savings also benefit from the power of compounding. In case of sudden demise of the bread-earner, life...

COVID-19 insurance scheme: Rs 50 lakh cover for health workers to include loss of life as well - The Financial Express

Under the ‘Pradhan Mantri Garib Kalyan Package', an insurance cover of Rs. 50 lakh will be provided for a period of 90 days. The Finance Minister Nirmala Sitharaman in a press conference had recently said that an insurance scheme is being put in place for the health workers who are fighting the Covid 19 pandemic in the country. In a step towards it, the government has approved the ‘Pradhan Mantri Garib Kalyan Package’. The benefit of the package is estimated to reach a total of around 22.12 lakh public healthcare providers, including community health workers, who may have to be in direct contact and care of Coronavirus patients and who may be at risk of being impacted by it...

Does Life Insurance Cover Deaths From Coronavirus?

Does Life Insurance Cover Deaths From Coronavirus? © Getty Images Life insurance will likely pay out for deaths from COVID-19. Thousands of people worldwide have already died from COVID-19, the disease caused by the novel coronavirus. For those who have life insurance, in almost all cases, they are covered, and insurance will likely pay out for deaths from COVID-19. There are a few exceptions, according to representatives from life insurance companies and industry organizations. Popular Searches Potential exceptions Submitted an inaccurate or incomplete application. Claims can be denied for reasons like not disclosing travel plans or lying about weight or income. If you die within the first...