If you are comparing life insurance cover, this independent AIG review takes a detailed look at AIG’s life insurance policy - including types of cover available, the typical cost of premiums and any additional benefits provided. Who is AIG AIG, or American International Group, was founded in 1919 by Cornelius Vander Starr in China as ‘American Asiatic Underwriters’. The first US office opened in 1926 and the company headquarters moved from Shanghai, China to New York City in 1939. The first offices in the United Kingdom opened in 1953, and four years later offices opened in Australia. In 1984, AIG began trading on the New York Stock Exchange and in 1992, Lloyd’s of London and AIG agreed to...
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MobiKwik offers instant life insurance for Rs 20 on its App New Delhi: MobiKwik, India’s largest digital financial services platform, today announced the launch of digital life insurance on its app to its users. MobiKwik in association with ICICI Prudential Life Insurance Company has rolled out first-of-its-kind group micro insurance product. The offering begins with a life cover of Rs 1 lakh available for a monthly premium as low as Rs 20 per month. This is the second big announcement by MobiKwik in the digital insurance space, post the launch of accidental insurance in November 2018. The users have an option to choose from three sums assured policies: Rs 1 lakh, 1.5 lakhs and 2...
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IntelliQuote, a top rated online life insurance agency, is proud to announce the launch of their mobile website. Offering the same services and functionalities of the IntelliQuote corporate website, the new mobile life insurance site will offer visitors the ability to start a quote and much more. Founded in 1996, IntelliQuote has become one of the largest and most trusted online life insurance agencies in the United States. Delivering unparalleled customer service and instant life insurance quotes, from the industry’s top carriers, IntelliQuote has earned a reputation as a leader in the space. Having worked diligently to cater to the needs of the modern consumer, the IntelliQuote...
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Fidelity Bank, Prudential Life Insurance to extend bancassurance deal by 10 years Accra, July 20, GNA- Fidelity Bank Ghana Limited, the largest private indigenous bank in Ghana and Prudential Life Insurance Ghana, a leading insurers have announced a ten-year extension to their exclusive bancassurance agreement, started in 2015. The ten-year exclusive strategic bancassurance agreement with the two market leaders aims at growth in the financial sector. A news brief made available to the Ghana News Agency said by combining Prudential’s globally trusted insurance expertise and best-in-class products with Fidelity’s customer-focused approach, strong distribution network and talented banking...
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Across industries, companies have acted and adapted quickly to meet customers’ needs during COVID-19. Ours is no exception. The life insurance industry was already undergoing a transformation before COVID-19 hit, but the pandemic created a paradox that underscored the need to accelerate that transformation. While there was suddenly unprecedented demand for life insurance, there were also unprecedented challenges to meeting that demand. The pandemic also cast light on trends that are likely to fuel our future trajectory. COVID-19 is reinforcing the important role life insurance companies can and should play in society and the value we can offer our customers. More importantly, it has...
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The digital revolution promises to change the face of South Africa’s insurance market over the next few years as new entrants and established players alike use the latest technologies to deliver products that are cheaper, more convenient, and more personalised. By Bryan McLachlan, CEO at Instant Life, a life insurance company, that leverages technology extensively. Digital channels, paired with sophisticated analytics and underwriting systems in the back-office, have already allowed companies such as Instant Life to offer high-quality insurance products at competitive prices. Now, as technologies such as the Internet of Things, wearable computing, big data, and cloud computing mature,...
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Two friends that I have known for a long time lost their spouses during the past two years. The circumstances were sudden and unexpected. They both have children, and their lives changed in an instant. At one point or another, we’ve all considered what it might be like to experience such a loss—and how it changes families. As someone who advocates on behalf of the life insurance industry, I often hear about the role of our industry after such heartbreaking events. I was curious about my friends’ perspectives. So I asked them: Did life insurance help your family, and if so, how? Without question, they both said yes. In a word, it provided consistency. They could stay in their homes. Their...
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Absa Life announced on Monday that it has received regulatory approvals, including approval from the South African Reserve Bank, to buy a controlling interest in the direct life insurer Instant Life. Instant Life, an online life insurance distribution platform offering life, disability and critical illness cover to qualifying customers, will be rebranded and operate as Absa Instant Life. “The acquisition of Instant Life provides Absa with an advantage to scale its Life Insurance business for future growth and supports our continued efforts to provide a simpler and easier application process to improve our customers’ insurance purchasing experience,” says Jannie Venter, MD for Absa Life....
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OUTsurance has launched an enhanced app including OUTthere, accidental death and injury cover that doesn’t require you to commit to monthly premiums. This on-demand life insurance is available to you whether you are an OUTsurance client or not, for between one and 30 days and offers cover between R100 000 and R1 million. Danie Matthee, CEO of OUTsurance explains, “The way OUTthere is delivered is very innovative. You could be at airport departures just about to go scuba diving or bungee jumping and you can quickly go on the app. After answering just five questions and making an immediate premium payment through a secure portal, you are covered. There are no forms, no medicals and no...
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To buy the policy, one needs to register on the Flipkart platform and pay the one-time premium after meeting the terms and conditions. Flipkart, an e-commerce marketplace and Aegon Life Insurance have tied-up to offer life insurance policies to those who are between age 18 and 65. The policy will be a term insurance plan for a one-year period wherein only the death benefit is paid to the nominee if the death happens during the period of insurance. To buy the policy, one needs to register on the Flipkart platform and pay the one-time premium after meeting the terms and conditions. The instant life insurance cover will be available as a Group insurance cover and will be issued without any...
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