Mega Life and Health / NASE / HealthMarkets — New health insurance agents ripped off I was a top producer for the NASE/Mega Life and Health for several years before the ether wore off. The trips were great--it was exciting being part of the team, and I made a six figure income. Like ALL Mega Agents, this was my first health insurance sales gig (shouldn't that have been a red flag?). Over time, like all Mega Agents, I found that we were offering watered down, inferior health insurance policies that paid very little if any claims. Never a maximum out-of-pocket maximum (check your brochures for that specific terminology--you won't find it), high deductibles, high co-insurance, and...
Continue reading...
Insurance is pretty much a necessity in one’s life. We buy home, auto and health insurance in the hopes of never having to use it. We buy life insurance to hopefully leave something for those we will leave behind when we meet our demise. Though we hope we never have a need for insurance, we still pay the regular premiums just in case that need arises and will aid in the recovery from a calamity. Hog producers have long known the importance of practicing top biosecurity measures, implementing such procedures that will prevent our herds from becoming infected with the virus du jour. Ever since African swine fever was first reported in China just over a year ago, the U.S. pork industry has...
Continue reading...
Finance minister Nirmala Sitharaman (Pradeep Gaur/Mint file) Anchor banks, smaller peers prepare the ground for mega mergers 3 min read . Updated: 02 Sep 2019, 01:29 PM IST Shayan Ghosh Banks set to hold board meetings soon to consider their respective merger proposals Trade unions representing bank employees, however, criticised the move, calling for nationwide protests against the mergers Apart from these bank, boards of their smaller counterparts, to be merged into anchor banks, will soon meet as well, according to regulatory filings. In the case of Baroda’s merger with Dena Bank and Vijaya Bank announced in September last year, boards of these state-run banks ratified the merger in...
Continue reading...
CHENNAI: The Life Insurance Corporation of India (LIC), Chennai division I, on Monday observed a Mega Utsav at Kamarajar Arangam. The Mega Utsav was the valedictory function of the Insurance week celebrations. The best performing agents from across the division were also felicitated on the occasion. LIC officials said 1620 agents from all the branches of Chennai division I, which includes areas like Tambaram, Chengalpattu and Kancheepuram, were shortlisted for the felicitation. The felicitation event of the agents was titled the Jeeva Ratna award function. Zonal manager of South Zone, K Kadiresan gave away the prizes to the agents and encouraged them to carry on with the good work. He...
Continue reading...
Mega Life and Health Insurance Company has hundreds of Ohio policyholders. Many of their customers have purchased coverage through membership in the National Association for the Self- Employed (NASE). They also sell supplemental products to individuals and the self-employed and have been offering policies for more than 20 years. Is Mega Life deceptive and do they use unfair practices to promote their policies? Well…in Massachusetts, apparently they do. As a result of the state’s legal action, Mega Life has agreed to pay more than $17 million in penalties, other costs and consumer relief. And more importantly, while Mega Life can still conduct business here in Ohio, they are no longer...
Continue reading...
MEGA Life and Health Insurance Company MEGA Life and Health Insurance Company is a subsidiary of Health Markets, Inc. an insurance company that has a large focus on affordable health insurance. Since 1985 MEGA Life and Health Insurance Company has made it their business to provide health insurance plans that are not only affordable, but are also flexible in a way that makes it possible for their consumers to add or remove any services that they want (or don’t want) so that they have exactly the kind of coverage that they want or need. While MEGA Health Insurance plans are highly criticized by some policyholders because of the limits that are inherent in most MEGA Insurance policies it is up...
Continue reading...
A couple walks out from a branch of the Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, in Kuala Lumpur’s financial district, on September 27, 2001. — AFP pic SINGAPORE, Dec 2 — Malayan Banking Bhd.’s Etiqa insurance unit is considering a bid for Indonesia’s PT Mega Life Asuransi Jiwa, people with knowledge of the matter said. Etiqa has held preliminary discussions with the Indonesian insurer, one of the people said, asking not to be named as the deliberations are private. Mega Life’s shareholders, PT Sinar Mas Multiartha Tbk and CT Corp., are seeking to sell as much as 80 per cent of the insurer for about US$200 million (RM642.6 million) to US$300 million,...
Continue reading...
(Reuters) - U.S.-based Prudential Financial Inc has entered the Indonesian life insurance market in a joint venture with a unit of CT Corp in Jakarta, the companies said on Tuesday. Prudential’s Pruco Life Insurance Company unit has acquired a 49 percent stake in PT Asuransi Jiwa Mega Indonesia, the life insurance subsidiary of Indonesia-based CT Corp, the companies said in a statement. Financial terms were not disclosed. The deal presents Newark, New Jersey-based Prudential Financial with an opportunity to tap the expanding middle class of Indonesia, the world’s fourth-largest country by population. Prudential Financial, which managed more than $1 trillion in assets as of March...
Continue reading...
We offer policies tailored to the needs and specifics of each and every insured that coupled by the benefits already provided by national social security funds lead to the most complete solution for every individual. With programs tailored to specific needs and particularities of each insured and combined with the benefits of social security funds, we provide the most complete solutions for every individual. Our life and health insurance’s specialized executives recognize the needs, assess risks, design alternatives and propose the most competitive and comprehensive solutions for Life and Health insurance, preserving trusted relationships with the insurance companies and our partners as...
Continue reading...
Supreme Court of Iowa. Stephen A. RUBES, Appellee, v. MEGA LIFE AND HEALTH INSURANCE COMPANY, INC., Appellant. No. 01-0433. Decided: February 27, 2002 Jaki K. Samuelson and Jason M. Casini of Whitfield & Eddy, P.L.C., Des Moines, for appellant. Joseph J. Hrvol of Joseph J. Hrvol, P.C., Council Bluffs, and Joseph B. Reedy, Council Bluffs, for appellee. This declaratory judgment action concerns plaintiff Stephen Rubes' coverage for health and medical expenses under a policy of insurance issued by defendant MEGA Life and Health Insurance Company, Inc. (MEGA). Resolution of the controversy hinges on the application of competing equitable theories to a disputed factual record: Whether...
Continue reading...
