ATLANTA, Sept. 25, 2019 /PRNewswire/ -- Infosys McCamish, a US-based subsidiary of Infosys BPM and a leading developer of platform-driven solutions and services in the insurance and financial services industry, launched Infosys McCamish NGIN, a new industry platform for the Global Life Insurance and Annuity industry. This platform is founded on an evolutionary architecture, configurable to address global and regional needs of insurance carriers. With plug-and-play components using open source technologies, it is simple to use, enhances time-to-market, and promotes a superior digital experience, while driving substantial operational efficiencies. Infosys McCamish NGIN is designed to be a...
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Understanding Joint Life Insurance Combining your coverage plan into a joint life insurance plan with your spouse can provide a better scope of protection for your family; typically at a lower cost than with two individual life insurance plans. There are two types of joint life insurance plans available, which provide very different benefits for your family. Joint First-to-Die Life Insurance – Provides the full benefits paid to the surviving spouse on the death of either insured person. This plan is useful for helping to provide a livable income for the survivor and dependents. Most plans offering First-to-Die offer a Survivor Benefit, which allows the surviving spouse to reapply for...
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Criteria to purchase MyMaternityPlan Footnotes Terms and Conditions apply. For complete details, please refer to the product brochure and product summary or speak to your preferred financial adviser representative. Wherever age is mentioned, it's calculated based on age next birthday. This refers to the Hospital care benefits for Mother (or for child). The Hospital care benefit(s) will end when 30% of the sum assured is paid or contract term ends, whichever is earlier. The other benefits will continue as long as the policy is in force. For details, please refer to the Product Summary. Aviva will cover up to four babies in a single pregnancy. The benefits in the Child's benefit table...
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Marriage is all about two souls bonding into one. It is also an important step in the lives of two different individuals, exploring each other and trying to jointly achieve their dreams and emotional security. The care that couples give each other is the ‘insurance’ that one looks for in a marriage. One should continue to receive the same care even in case of an unforeseen loss of one partner. Two lives under a single policy is the new realization among the newly-married ones. “Opting for a joint term plan makes perfect sense for a married couple, since it offers all the benefits of two separate term policies in a single plan but at a relatively lesser premium,”...
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Benefits of Term Insurance Secure Your Family's Financial Future! How to Choose the Best Term Insurance Plan Don't be short-sighted The wide range of term insurance policies offered by insurance companies in India make it a challenge for an individual to make a decision on the policy that will be the best suited for him/her. Not just selecting a reliable insurance company, individuals also have to make up their mind on a term insurance from the wide array of term policies being offered by the same insurer. This makes it important for an individual looking for a term insurance policy to be aware of the parameters that he/she should consider, so that he/she can make a well-informed...
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Joint Term Life Insurance for 45 Year Old Male & Female Compare the cost of joint life insurance policies with two separate life insurance policies with our best buy tables. Below you can see the monthly rates available with our discounted premiums for a joint life £100000 policy over 20 years for a male & female non-smoker both aged 45 as of the 18/06/2016. These premiums quoted are for illustrative purposes only. The premiums are based on an applicant being in good health and the actual rates you will receive will be dependent upon your health and individual circumstances at the time of application. To compare the cost with two single life plan simple click on the options...
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What is Joint Term Life Insurance? Joint term life insurance is a form of life insurance that covers two people but only pays out its benefit once. This means that when one person passes away, the other receive the death benefit. The most common pairing that opt for joint life insurance are spouses, as it provides complete protection for their family. A Joint Life Insurance policy is a popular choice for: Young families who want to provide protection for the costs related to raising a child. These costs can be immediate, such as child care, or more long term like saving for post secondary education. Couples taking on a mortgage so that they could continue their payments regardless of losing...
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Term, Permanent, Whole Life, Universal Life, Participating, Variable, Joint. There are so many variations of life insurance that it can become extremely confusing, very quickly. To make things simple, there are essentially two types of insurance: term insurance and permanent insurance. Term Life Insurance Term insurance is used to cover a temporary need – this could be 1 year, or it could be 40 years but the need will eventually go away. Term insurance is used to cover your Human Capital, so that if you die, your beneficiaries can cover debts and continue their standard of living without your income (or in-kind services like taking care of children). Term insurance will cover you for a...
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What is term life insurance? With term life insurance, you have life insurance cover for a specified amount of time. So for example with a 40-year term, should you die within the 40 years of the policy, your loved ones will receive a cash lump sum from your insurer. It is up to you to choose what term you want the cover for. The length of the cover will affect the size of your premiums. Who does term life insurance suit? Having some form of life insurance in place is really important if you have people who are financially dependent on you, such as children or a partner with whom you own a property, who would be left worse off if you passed away. If you are the main breadwinner of the family...
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Do you spend your evenings thinking about who should own a term life insurance policy on your life? Probably not, but it’s a very important factor to consider when putting financial protection into place for your loved ones. The vast majority of people choose to buy a policy that insures their own life. This is typically the most straightforward and simple route to go, but there are other ownership options available. Being the owner of a policy, or policy owner, grants you several exclusive rights that allow you to modify the policy status (such as designating who pays life insurance premiums) and outcome (who receives the life insurance proceeds, known as the death benefit). Your...
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