Budget insurance ↝ Life insurance

Markel announces collaboration with Budget Guard

FLORENCE, Ky., Oct. 3, 2022 /PRNewswire/ -- Budget Guard Holdings, LLC (Budget Guard), an independently owned insurance agency, has been appointed as the Program Administrator for Markel's stand-alone equipment maintenance insurance policy to its inland marine suite of products. The new equipment maintenance insurance policy offering will provide a way for organizations to generate savings by consolidating multiple equipment service contracts into a singular equipment maintenance insurance product providing coverage for a wide range of critical and ancillary electronic equipment asset classes such as laboratory, medical, information technology and more. Targeted industries include...

U.S. Senate Committee On The Budget

U.S. Senate Committee On The Budget Discussion Draft - Better Care Reconciliation Act (BCRA) After extensive consultations across the Senate Republican Conference, below are the primary revisions to the Better Care Reconciliation Act (BCRA) discussion draft: An additional $70 billion is dedicated to encouraging state-based reforms, which could include help with driving down premiums through cost-sharing, Health Savings Accounts (HSA), and other innovative ideas to help pay for health care costs. This is in addition to the $112 billion in funding already in the original bill. HEALTH SAVINGS ACCOUNTS TO PAY FOR PREMIUMS: In order to ensure that more people have financial support to pay for...

Budget car Insurance - Compare quotes -

Who is Budget Insurance? Budget Insurance Services is a broker that specialises in home, van and life insurance, in addition to car insurance. The Peterborough-based company has helped around 3 million customers across the UK find cover since being founded in 1992 as part of BGL Group. The insurance arm of BGL Group was sold to the Markerstudy group in April 2022. The new parent company employs more than 3,500 staff, and is headquartered in Kent. Budget car Insurance has achieved a five-star rating from independent financial analyst Defaqto for the quality of its policy. It’s also been ranked as ‘excellent’ by Trustpilot, based on more than 11,360 customer reviews. Budget...

Budget Direct Insurance Singapore Goes Live with Sapiens’ General Insurance Software Suite, Sapiens

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, today announced Budget Direct Insurance, an insurance business in Singapore owned by Auto & General Southeast Asia, has successfully gone live with Sapiens IDIT. As a relatively new player in Singapore, a competitive market, Auto & General Southeast Asia found Sapiens IDIT best suited for the needs of Budget Direct Insurance Singapore after an extensive search. The flagship policy administration system (PAS) for general/P&C insurers possessed all the necessary elements for a...

Union Budget 2021 a booster shot for insurance industry; FDI limit hiked to 74%, The Financial Express

Union Budget 2021 a booster shot for insurance industry; FDI limit hiked to 74% Union Budget 2021: The Hon’ble Finance Minister announced an increase in the foreign investment limit for insurance companies from 49% to 74% in her budget speech on 1 February 2020. This is a much-awaited development that will help the Indian insurance sector achieve tremendous growth through vast pools of capital and best in class know-how. Until 2015, foreign investment in the insurance sector under the automatic route (ie, without Government approval) was capped at 26%. In 2015, the Government permitted Indian insurance companies to have up to 49% foreign investment, with the caveat that such companies...

Lives hang in the balance as time runs out for action on health insurance - Minnesota Reformer

Five years ago I was diagnosed with stage 4 cancer, Hodgkin’s lymphoma. Yet I’m the lucky one. I could afford to get treatment. Too many people in America don’t have the health care they need, even today. The 2021 American Rescue Plan included subsidies to make health insurance more affordable than ever, resulting in a record-breaking health insurance enrollment of 14.5 million Americans for 2022. The expiration of these crucial, live-saving subsidies is right around the corner. And unless renewed, voters will receive news of their 2023 premium hikes right before the November midterms. I’m a small business owner, and my health insurance has been through the Affordable Care Act ever since...

Union Budget 2021: FDI limit in insurance sector raised to 74%; Budget paves way for foreign control, The Financial Express

Union Budget 2021: FDI limit in insurance sector raised to 74%; Budget paves way for foreign control Union Budget 2021: Foreign investment limit in the insurance space will be increased from the current 49% to 74%, Finance Minister Nirmala Sitharaman said in her Union Budget speech today. The amendment to the Insurance Act 1938 will also allow foreign ownership and control with safeguards. “Under the new structure majority of directors on board and key management persons will be resident Indians will at least 50% directors being independent directors and specified percentage of profits being retained as a general reserve,” she added. “Increase in FDI in the insurance sector to 74% a welcome...

Budget extends Insurance Companies Act sunset date - Insurance Portal

Budget extends Insurance Companies Act sunset date Beyond announcements about the new federal minimum wage, extended COVID benefits and subsidies, and a promise to build a national early childcare system, the government has quietly proposed at least two points of interest to some industry watchers, published deep in the Annex of Budget 2021: A Recovery Plan for Jobs, Growth and Resilience. Sunset dates extended First, the government proposes legislative amendments to several financial services-related acts, including the Insurance Companies Act and the Bank Act. The change will extend the current 2023 sunset date by two years, until 2025. “Extending the sunset dates will enable full...

Budget 2021: Highlights of Insurance in Budget 2021, HDFC Life

The COVID 19 pandemic spurred the government into making healthcare and related sectors the focus of Union Budget 2021. The uncertainty of life in an evolving world made insurance a crucial aspect of Budget 2021, one that has been ignored for long in India. Life insurance penetration in India is 3.6% of the GDP, much lower than the global average of 7.13%. General insurance penetration stands at 0.94% of GDP, as against the world average of 2.88%. The 2021 Budget aims to spur penetration of insurance in India. Knowing that capital infusion on a large scale would be needed for this, the Finance Minister has proposed an increase in FDI limit from 49% to 74 % for the insurance sector. This...

Former MTN SA CEO Godfrey Motsa joins insurer Telesure, ITWeb

Former MTN South Africa CEO Godfrey Motsa has been appointed as non-life chief executive officer of Telesure Investment Holdings (TIH). TIH's brands include Auto & General Insurance, 1st for Women Insurance, Dialdirect Insurance and Budget Insurance. Motsa stepped down from his role at MTN in December last year, after the group announced broad changes to its executive committee. He was replaced by Charles Molapisi. TIH is part of the international BHL Group, which has a global footprint, operating in eight countries, including South Africa, the UK, Australia, France, Turkey, China, Thailand and Singapore. Commenting on the appointment, TIH group CEO Tom Creamer says: “We have spent...