Prudential Indonesia office (Courtesy of/asuransiprudential.web.id) Life insurance company PT Prudential Life Assurance (Prudential Indonesia) aims to increase the number of its agents who qualify for membership of a global association of life insurance and financial services professionals, amid the persistently low insurance penetration rate in the country. The number of Prudential Indonesia’s agents registered as members of the trade association Million Dollar Round Table (MDRT) has grown over the years. Within four years, it more than tripled from 302 agents in 2017 — when the MDRT was first introduced in the company — to 1,000 agents in 2020. MDRT membership is...
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Axis Bank latest FD rates. Axis Bank to raise its stake in Max Life Insurance to 30% 5 min read . Updated: 28 Apr 2020, 10:16 PM IST Ridhima Saxena, Anirudh Laskar The lender to raise its stake in Max Life Insurance from about 1.5% to 30% through an all-cash deal worth around ₹ 1,600 crore The latest deal, once consummated, will value Max Life Insurance at around ₹ 5,667 crore Two persons directly aware of the deal confirmed about the size of the deal. The latest deal, once consummated, will value Max Life Insurance at around ₹ 5,667 crore. At this valuation, the stake sale by Max Life will be at a steep discount of about 60% to its present market value. This is because the current...
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Implementation of UAE Life Insurance Regulations Delayed The Insurance Authority issued the Board of Directors’ Decision No. (49) of 2019 Concerning Instruc... The UAE Life Insurance Regulations delayed by 6 months The Insurance Authority issued the Board of Directors’ Decision No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance (“Life Regulations”) in October 2019 with an implementation date 6 months from the date of gazette of the Life Regulations, which were due to come into force effective 16 April 2020. The Insurance Authority Board of Directors’ Resolution No (15) of 2020 dated 30 March 2020, On the Amendment to...
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Let's be honest: Life insurance is a topic that most people would rather put off for another day (or even another year). In fact, if life insurance had a spirit animal, it would probably be the elephant in the room. At its core, life insurance is really there to help protect the people and causes that you care about most in the event of your passing. For that reason, it's best to think about obtaining it before you actually need it. Plan for a Rainy Day Ask yourself this important question: If you passed away tomorrow, would your loved ones be financially protected? Most Americans would likely answer "no." In fact, 57 percent of Americans surveyed would struggle to cover an unexpected $500...
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The first guidance designed for the global insurance industry to integrate sustainability into industrial and commercial business has launched for public consultation. The guide “ Underwriting environmental, social and governance risks in non-life insurance business ” will help non-life insurers manage environmental, social and governance risks in insurance underwriting—the core process of evaluating, defining and pricing insurance risks. Environmental, social and governance (ESG) issues—also known as sustainability issues— pose a shared risk to insurers, communities, businesses, cities, governments and society at large, providing a strong incentive for innovation and collaboration. As risk...
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Why Purchase Life Insurance? We’ve all heard about the importance of having life insurance, but is it really necessary? Usually, the answer is “yes,” but it depends on your specific situation. If you have a family who relies on your income, then it is imperative to have life insurance protection. If you’re single and have no major assets to protect, then you may not need coverage. In the event of your untimely death, your beneficiaries can use funds from a life insurance policy for funeral and burial expenses, probate, estate taxes, day care, and any number of everyday expenses. Funds can be used to pay for your children’s education and take care of debts or a...
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Why Term Insurance? Aviva i-Life Total More than just a Term Plan A non linked...
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Aviva i-Life term insurance plan is available to resident Indians only. Premium rates under this plan can be increased or reduced based on the profile and health status of customers. Aviva Life Insurance will bear the cost of medical examinations at the time of purchase of the policy. However, the cost of medical examination will be borne by the customer at the time of revival of a lapsed policy. Features of Aviva i-Life Term Insurance Plan The minimum Sum Assured is Rs. 25,00,000 while there is no limit on maximum(depends on underwriting) The minimum entry age is 18 years while the maximum is 55 years. Premium can be paid on a yearly and half-yearly basis. Alteration between yearly and...
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aviva-i-life:term insurance plan Introduction/Overview Aviva i-Life is a pure term plan meant for the protection of the beneficiaries of the policyholder in case of the unfortunate event of their premature demise. This policy is available for purchase online and without the need for any agent intervention. There are added benefits for female customers and for those who opt for high Sum Assured amounts. Key Features This is a pure protection plan with no fringes attached. This policy is available for purchase only over the internet and in select cities. The policy helps policyholders secure the future of their loved ones in case of their absence. Benefits In the unfortunate event of the...
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Aviva i-Life Term Plan Aviva i Life Term Insurance Plan Aviva i Life is a pure protection plan which is available for online purchase without any agent intervention. Pure Term Plans have Death Benefit if the life insured dies within the policy tenure and no Maturity Benefit if he survives the entire term. It is a vanilla term plan with no fringes attached. Key Features of Aviva i Life Term Plan It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit. Exclusively available on the internet for an online purchase and only available in select cities An additional rebate for female lives of 5% on the tabular premium rates for male lives There is a rebate for large...
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