6 March 2014 – In July 2013, Discovery Limited (“Discovery”) and AIA Group Limited (“AIA”) announced a strategic joint venture to introduce Discovery’s successful wellness-based life insurance model to the Asia-Pacific region. The joint venture, known as "AIA Vitality", was officially launched in Australia today. This launch to the wider Australian market follows a successful pilot phase where a limited number of financial advisers had the opportunity to trial the AIA Vitality programme. AIA Vitality was first launched in Singapore in 2013. AIA Vitality sees the coalescing of AIA’s brand, distribution and life insurance market leadership with Discovery’s proprietary wellness-based expertise...
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Term Insurance Multi-life Policies vs. A Joint First-to-Die Plan Generally, spouses who want to cover both them and their partner under one policy have the option of choosing a Multi-life Policy or a Joint First-to-Die Policy. Multi-life Policies cover a husband and wife with what are essentially two individual life insurance policies, which happen to be under one policy number. The advantage of this, over two individual policies, is that the family saves the annual policy fee, which ranges anywhere from $30 to $90 per year. Multi-life policies still give the insured the same benefits as individual term life policies. For example, if one spouse passes away, the other spouse has the option...
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SI-BONE, Inc. Announces Aetna Establishes Positive Coverage for MIS SI Joint Fusion using the Triangular iFuse Implant System New positive coverage policy further validates acceptance of iFuse as an important treatment option for patients with chronic sacroiliac joint dysfunction SANTA CLARA, Calif., May 29, 2020 (GLOBE NEWSWIRE) -- SI-BONE, Inc., (Nasdaq: SIBN), a Silicon Valley-based medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy, announced today that Aetna has established a positive coverage policy for minimally invasive SI joint fusion. The new policy covers minimally invasive arthrodesis of the sacroiliac joint (e.g., iFuse) for...
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MUMBAI, May 29, 2020 /PRNewswire/ -- As the world combats one of the most unexpected public health emergencies, protection has become the need of the hour. Most insurance customers are worried if term Insurance policies they have bought, like Edelweiss Tokio Life - Zindagi Plus, provides protection against COVID-19. The answer is yes. Insurance policies including a term plan like Zindagi Plus cover death due to COVID-19 and a force majeure clause is not applicable. This clause, when applicable, allows insurance companies to deny claims arising out of unprecedented events like hurricanes, earthquakes, and more. So, term insurance plans like Edelweiss Tokio Life - Zindagi Plus will cover...
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Mumbai: As the world combats one of the most unexpected public health emergencies, protection has become the need of the hour. Most insurance customers are worried if term Insurance policies they have bought, like Edelweiss Tokio Life – Zindagi Plus, provides protection against COVID-19. The answer is yes. Insurance policies including a term plan like Zindagi Plus cover death due to COVID-19 and a force majeure clause is not applicable. This clause, when applicable, allows insurance companies to deny claims arising out of unprecedented events like hurricanes, earthquakes, and more. So, term insurance plans like Edelweiss Tokio Life – Zindagi Plus will cover COVID-19. A plan like...
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Edelweiss Tokio Term Life Insurance plans provide COVID-19 cover As the world combats one of the most unexpected public health emergencies, protection has become the need of the hour. Most insurance customers are worried if term Insurance policies they have bought, like Edelweiss Tokio Life - Zindagi Plus, provides protection against COVID-19. The answer is yes. Insurance policies including a term plan like Zindagi Plus cover death due to COVID-19 and a force majeure clause is not applicable. This clause, when applicable, allows insurance companies to deny claims arising out of unprecedented events like hurricanes, earthquakes, and more. So, term insurance plans like Edelweiss Tokio Life -...
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Single or Joint Life Insurance? Taking out a life insurance policy helps to protect your loved ones financially in the event of your death. It can help to cover funeral costs, pay off debts, help pay for the mortgage and current living expenses. If you’re married or in a long-term relationship you may be considering joint life insurance to save money. Finding the right life insurance policy that suits your needs will benefit you more than just opting for the cheaper version. The key difference between joint life insurance and single life insurance policies is that there is one payout, instead of two. Hence, why the price is often cheaper. However, if you require two payouts, two single life...
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What is a single life insurance policy? A single life insurance policy covers one person. When that person dies the policy will pay out a lump sum to their estate with the proceeds, in turn, passed to their beneficiaries. If a couple buys two single life policies, the policies will be completely independent of each other. The two policies can be with different life insurance companies, for different terms, and be for different amounts. Each policy will pay out when the policyholder dies. What is a joint life insurance policy? A joint life insurance policy covers both partners, but only pays out once. This is normally after the first death. The idea is that the money will help the surviving...
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Joint Life Term Insurance Policies-Who can buy? We all know there are term plans available in the market for individuals. But when both husband and wife are earning then why to buy separate term insurance and why not buy a Joint Life Term Insurance? Currently, few insurance companies started to offer such plans. Let us see the details of such plans. In this plan, both husband and wife will be proposer. Hence, a spouse must undergo the medical test and produce the income proof. Along with these mandatory requirements, both husband and wife must submit all other necessary documents. Currently in the market, there are so many variants of joint life term insurance policies. However, the two...
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Joint First To Die Life Insurance Joint first to die life insurance is a type of life insurance policy where two individuals are covered with the death benefit paid out on the first death. This is typically considered by couples with the intention that such coverage is less expensive than purchasing two individual life insurance policies. In reality, this is not normally the case. In fact, I specifically recommend having two individual life insurance policies instead of a joint first to die life insurance policy. Note – if you are looking for a quote for two individual coverages under one policy, please visit our spousal life insurance page and request a custom quote. Fallacies About Joint...
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