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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The technology will enable intermediaries to activate the Cignpost life policy on the platform in just a few minutes, according to Paul Foody, chief operating officer of Cignpost. The first instant life product to be made available via Anorak, Cignpost Life can be purchased online by answering five medical history questions, enabling policy activation in five minutes. The Cignpost Life proposition encompasses term life and optional critical illness cover, and the products are available on both the Anorak direct-to-consumer and intermediary platforms. Mr Foody said: "We are proud that our Cignpost Life product is the first instant life product to be distributed via the Anorak platform. "Our...
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Absa to acquire a controlling interest in Instant Life Absa announces a transaction to acquire a controlling interest in direct life insurer Instant Life, subject to regulatory approvals (including approval from the South African Reserve Bank) and other conditions customary for a transaction of this nature. The transaction will give Absa a 75% stake in the business. Instant Life is an online life insurance distribution platform offering life, disability and critical illness cover to qualifying customers. It was established in 2008 to address a growing market for pure-risk life insurance sold online. Since inception, the business has had a steady performance with strong revenue growth....
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High Risk Life Insurance - Getting Approved for Coverage If you are looking for high risk life insurance I’ll cover what some of your options are in this article. At ChooseTerm.com we are high risk brokers and experts, so if you would like a customized insurance quote based on your specific health situation, simple fill out the quote form below this paragraph and we will contact you. Otherwise keep reading for more information. High Risk Life Insurance – What Are Your Options? Many people that might be considered high risk can get approved for the same life insurance policies that anyone else can get. The difference is that if you do have a pre-existing health condition you will likely...
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Life insurance applicants can now receive an accurate, real-time underwriting quote from their advisor through Lincoln Financial Group’s LNC, -5.98% new online self-service tool, Spectra. Spectra leverages Lincoln’s industry-leading automated underwriting guidelines to provide advisors quotes on behalf of clients covering more than 200 medical, avocational and occupational risks, without the need to email or call a Lincoln underwriter. “The new Spectra self-service tool represents Lincoln’s continuous focus on advancing the life insurance business model and offering a superior digital customer experience,” said Heather Milligan, Senior Vice President, Underwriting & New Business,...
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Notre Dame Federal Credit Union announces instant life insurance price comparison service for members, friends, alumni and fans Instantaneous life insurance price quotes from leading life insurance companies enable maximum savings with freedom to buy from any company shown. SOUTH BEND, IN (July 18, 2014) — Continuing its commitment to providing financial tools to financially empower its members, Notre Dame Federal Credit Union announced the launch and immediate availability of its new and instant life insurance price comparison service. Instant quotes for amounts of $5,000 to $25 million are now available at www.NotreDameFCU.com. “This new technology enhancement benefits our...
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Instant Life Insurance There are many times when people will start looking for a good life insurance. At these times you will have to see what sort of insurance policies you can find with various insurance companies. Among these policies are the instant life insurance policies that are available. To make sure that you get the best possible deal you should look for a company that you will be comfortable with and trust. To find the instant life insurance policy that will provide you with a good deal for the future, you should talk to one of the agents. Make sure that you have an idea of the different policies which can be found at this company. You should also have documentation and...
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The Internet has revolutionised the music and entertainment industries, among many others. Will it do the same for the fusty old life insurance business? Until now, the answer has been a resounding “no”. But a new player in the life insurance game, Instant Life, thinks it can. However, for this start-up to work, it needs to reverse the absolute iron law of life insurance: that life insurance is “sold” and not “bought”. The reason life insurance is sold and not bought is that people don’t like to think about their own mortality, never mind the consequences of their mortality, particularly since they won’t be around to experience those...
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Instant Life Insurance Instant Life is the South African consumers’ premier insurance destination, offering peace of mind with a low-admin approach. This combined with the use of web technologies enables consumers to increase efficiencies and cut costs regarding their life cover. Pays out cash to your beneficiaries when you die Instant Life offers a fresh approach to the administration of life insurance by setting standards for fully online life insurance companies in South Africa Instant Life is underwritten by GuardRisk, a member of the Alexander Forbes Group (a reputable insurance brand you can trust) Everything from life insurance quotes to signing up, managing your policy and...
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