Alm. Brand A/S - Interim report Q2 2020 Very satisfactory financial performance in Q2 2020 with a pre-tax profit of DKK 371 million, against DKK 145 million in Q2 2019. Positive contributions from the individual business areas as well as from the group’s portfolio of investment assets. Overall, Alm. Brand navigated the special situation caused by COVID-19 well and, on this basis, accelerated its development of digital customer interface solutions. The implementation of the changes announced in connection with the release of the 2019 financial statements is progressing as planned, and the ambitious financial targets for growth and profitability defined for the period until 2022 are...
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Insurers are increasingly offering insurance against loss of income to people who make a living from work that previously was excluded from cover. You now have to have quite an unusual or dangerous occupation to be excluded, and even then, you can get what is known as impairment cover. John Kotze, Old Mutual’s head of retail protection solutions, says certain jobs have traditionally been regarded as too risky for insurers to offer an ongoing monthly income replacement benefit if you are disabled. He says Old Mutual has a very comprehensive list of over 1,000 occupations, and on the current list, just over 10% of these jobs are excluded from this kind of cover. Fitness instructors, drivers,...
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Even without being misled by agents, there are ways through which policyholders have been misled and mis-sold insurance policies. Hence, policyholders should always ask questions, carefully read the proposal and final documents of the policy, and beware of fake promises made before signing off. With the spread of the pandemic, more and more people have started opting for insurance, mostly health and life insurance. In India, quite a large number of insurance products are sold through brokers and agents. Even though some brokers and insurance agents may be well-intentioned, most are seen making fake promises to policyholders to get their way. Mostly, buyers with limited knowledge about...
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Isn’t life insurance only for the younger generation? All insurance policies are set-up to provide a primary function, to cover expenses should anything happen to you or your property. And while no-one wants to be in the position to claim on the insurance, it’s good to know that a safety net is there. There are now a substantial number of well-known insurance brands who have designed life insurance policies for the over-50s, and indeed some provide cover for people 85 years young and above. So how does an over-50s life insurance plan work? Although designed specifically for the over 50s, the plans work like a regular life insurance policy – you pay the agreed monthly premium. When you...
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What is a joint life insurance policy? Life insurance often becomes a consideration once you start a family. When you are looking to cover both yourself and your partner should either one of you have a tragic accident, surely it would save money and make more sense to have some sort of joint cover rather than two individual policies? Well, yes, that might definitely be the case! A joint life insurance policy is one of many types of life insurance that exists to provide the perfect cover for you and your family. The many different faces of life insurance No two life insurance policies are ever identical . A good life insurance package to protect your family is tailored around your...
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Recently, Robin Spencer, NN Group’s CEO International Insurance, was interviewed by the Czech Republic’s daily newspaper, Právo. In the interview he offers his vision on the Czech life insurance market and on NN Czech’s strategy for coming years – that is, ‘returning to our roots’. Please read the English translation below or download the PDF article in Czech. 'One of the typical features of the Czech life insurance market is the low insurance penetration. Compared to other European countries, people here spend significantly less money on life insurance. On the other hand, according to Robin Spencer, CEO Insurance International, NN Group, this fact presents interesting potential for the...
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10 Social Media Posts to Share During Life Insurance Awareness Month September 18, 2015 September is a great time to promote the benefits of life insurance. Why? Because it’s Life Insurance Awareness Month ( #LIAM2015 )! Get clients to re-evaluate their policies by using social media to share resources and content about the importance of having adequate life insurance that best fits their current life situations. Social media also is a great channel to educate prospects – especially if they’re part of the 40% of consumers who don’t have life insurance at all – on why they need coverage to secure their loved ones’ financial well-being, and how it’s not as costly as they might think. To that...
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Life insurance distributors are pushing their policyholders to buy more policies before November 30, 2019, as the Insurance Regulatory and Development Authority of India (Irdai) life insurance product guidelines will come into force from December 1 onwards. This means insurers will withdraw non-compliant products before that. ‘New plans will come with an increase in premiums’, ‘Guaranteed returns will be lower’ are some of the reasons distributors are putting forth. “There could be an increase in premiums but it would not be too substantial. Moreover, more premium would mean better features for the customer,” says Karthik Raman, CMO and Head, Products, IDBI Federal Life Insurance. In order...
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Life Insurance in Texas People generally don't like to think about life insurance and you're probably no different. After all, life insurance is all about what happens when we're no longer around. However, having good life insurance means that your family, your employees, and those who depend on you will be able to continue living and working in the same way and the same place after you're gone. Benefits of life insurance 1. Replacing income. One of the prime advantages to having life insurance is to replace the income of a spouse, parent or partner when that person passes. 2. Security. Knowing that your loved ones will be protected financially when you die also offers most people a great...
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Would you buy life insurance with a skull for a logo? Dead Happy targets new generation of customers with invite to make a 'deathwish' Self-described 'pay-as-you-go' life insurer Dead Happy launched last month Premiums are calculated yearly and coverage is fixed to 10 years The broker claims to have some of the cheapest cover on the market Everyone knows that life insurance only pays out when you die, but few providers actively choose to overtly draw attention to death. Now, a new insurance provider has done just that. Dead Happy is a fully online 'pay-as-you-go' life insurance broker which launched last month. Curious applicants will be greeted by a trendy website, quirky branding, and...
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