The takeover may see Life Insurance Corporation of India (LIC) infusing ₹ 13,000 crore in IDBI Bank. Photo: Pradeep Gaur/Mint LIC-IDBI deal ends need for IDBI Federal Life stake sale 2 min read . Updated: 03 Aug 2018, 09:49 AM IST Deepti Bhaskaran IDBI Federal Life Insurance was up for sale because IDBI Bank needed the capital, and nowafter the acquisition by LICit doesn't IDBI Bank, which was trying to raise capital through the sale of its non-core assets, had planned to sell its entire 48% stake in the joint venture for about ₹ 3,000 crore. Federal Bank and Belgian insurer Ageas hold a 26% stake each in IDBI Federal Life, which was last valued at about ₹ 6,000 crore: more than...
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For many people, your 40s are a time where you re-confirm many financial decisions made to date in your life. Are you on pace for a comfortable retirement? Is it time to refinance your mortgage for a better interest rate? Have you saved enough to take some of those dream vacations? Another financial item to revisit? Your life insurance needs. For some, your 40s could be the first time you’ve ever needed life insurance. Maybe you had your first child later in life, or you’ve even taken out a loan to start a new business. For many others, you may find that the life insurance coverage purchased in your 20s or 30s isn’t enough to financially protect a family that has grown significantly,...
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Europe’s life insurers rejuvenate back books with private equity Christiane Schmidt, Senior Analyst, Strategy & Market Intelligence, and Christelle Ybanez, Head of Asset Owners, Continental Europe and of Asset Owners Market Strategy at BNP Paribas Securities Services, discuss this developing M&A trend, and why service providers specialised in insurance servicing are essential to private equity players’ success. Why are private equity players circling Europe’s insurance run-off market? Christiane Schmidt: Over the last few years, and especially during 2018, we have seen an acceleration of deals in Europe by private equity-sponsored insurance consolidation platforms,...
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Canada Life have been offering financial products since 1847 and started operating in the UK in 1903. Today, Canada Life are a leading provider in competitively priced group insurance options. Canada Life offer single or joint policies with level, increasing or decreasing terms. Canada Life also offer Critical Illness Cover and will automatically cover your children for 50% of your amount covered (up to £25,000). The easy, affordable life insurance option We compare Canada Life insurance cover. We search our panel of insurers to find you the most suitable deals, based on your budget, needs and situation, which equals more choice for you We can handle everything over the phone; no...
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There are various ways that you can buy life insurance in the UK. A friend may recommend a company that he or she has used, you might contact an insurance company or broker direct or you can use a comparison website. It does pay, though, to shop around for the best life insurance deals UK companies have on offer, because no comparison website can possibly cover them all. What is more, many brokers and larger insurance companies tend not to appear on comparison websites. Using Insurance Deals UK is a fast and easy way to compare the latest life insurance deals. If you are buying an insurance policy from a comparison website, check that all your personal information is written on the policy...
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The Commonwealth Bank of Australia has accepted A$150 million ($101 million) less for sale of its life insurance division to Hong-Kong based AIA Group, as it signed revised terms to speed up the long-delayed divestment. Australia’s leading bank struck a deal to sell the unit to AIA Group for A$3.8 billion in September 2017, in what was the biggest Asian buyout of an Australian financial company at the time. Part of the deal included CBA’s Newzeland operations, which were already transferred in 2018. However, lengthy regulatory approval processes have led to an extended period of uncertainty for CommInsure Life, the Australian life-insurance division, according to a statement by the lender...
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Aviva Life Insurance Plan Cashback & Offers More about Aviva Life Insurance Plan Protecting your loved ones is easier than you think with our Defaqto 5 star rated life insurance from just £5 a month. Buying or switching to our cover will provide your family with a lump sum payout if you die within the term of the policy. There is no cash-in value at any time. You could get £165,000 of cover for less than £10 per month*. Protecting your loved ones – we paid 98.9% of our life insurance claims in 2018. Defaqto 5 Star Rated cover – independent financial researcher, Defaqto rated our Life Insurance Plan one of the best quality products on the market. Quick and...
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When you live in Denver, CO, you want to do all you can to take care of yourself, as well as your family. A life insurance policy can provide financial protection in the event you pass. This is money that can be used by your spouse, your children, your parents, or anyone you deem as your beneficiary. Finding the best deals is important and there are some tips to help you as you shop around. One of the biggest decisions you have to make is whether you want term or whole life, and it may vary. Term is great for an affordable premium while whole can provide long-term benefits. Understanding the differences is important and you want to make sure you choose wisely. Not all life insurance...
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New York’s top financial-services watchdog is proposing to extend new and stiffer standards to acquisition deals across the life insurance industry. The move comes after the state applied such scrutiny in reviewing three acquisitions by outfits with ties to private-equity or investment firms. New York’s Department of Financial Services blessed the three deals last year after the insurers agreed to special rules aimed at safeguarding consumers who depend on income from long-term savings products bought from the insurers. Some private-equity executives have said publicly that the rules aren’t objectionable, but that they should be applied industrywide, not just to certain types of owners. In...
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Get the Best Life Insurance Quotes Billy Sumo is a happy guy. He always wants to look on the bright side of life. That’s why he loved Australia so much when he moved here, because we’re all happy people like him! Unfortunately, though, not everything in life is perfect. Consequently, Billy understands we also need to prepare for the worst. That’s why he’s dedicated to getting the best life insurance quotes for you and your loved ones. Read on to find out everything you need to know about life insurance, and how you can get the best deals. What is Life Insurance? Life insurance gives you peace of mind that your family will be looked after financially if you died. Remarkably, many Australians...
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