Open enrollment season is upon us, and it's time to sign up for a health insurance plan for the next calendar year. But between the alphabet soup of acronyms and all those daunting data tables, it can be hard to figure out which plan to choose. While we know this task isn't as exciting as spooky szn or pumpkin-spiced everything, it's important for your health (and will serve you a lot longer than that polyester Halloween costume). The good news: Life Kit has expert advice to help take the scary out of this process. Here's a cheat sheet of what to keep in mind as you make a decision. Read your plan's summary of benefits The first step is to know what's in your health insurance plan, says...
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Background There are many studies on the influencing factors of floating population's intention to settle down. Medical insurance and social security cards have an important guarantee for the floating population to live a stable life in the current residence, but there are limited studies focused on the influence of medical insurance and social security cards on their settlement intention. Therefore, the purpose of this paper is to study the influence of medical insurance and social security card on the settlement intention of floating population, so as to create better living and working conditions for floating population and improve their happiness in their current place of residence....
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ICICI Lombard General Insurance said that it entered into a definitive agreement to purchase Bharti AXA General Insurance, promoted by Bharti Enterprises. The deal will create India's third largest non-life insurance company, with a combined annual premium of Rs 16,447 crore and a market share of nearly 8.7 per cent. "The board of ICICI Lombard General Insurance at its meeting held on August 21, 2020, considered and approved a 'scheme of arrangement' amongst Bharti AXA General Insurance (demerged company) and former company and their respective shareholders and creditors," ICICI Lombard, owned by ICICI Bank, said in a filing to the stock exchanges over the weekend. Bharti Enterprises...
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China’s insurance penetration rises to almost 6% in H1 2020 A report has been made by the Chinese regulator that the position of China’s insurance industry in the entire national economy has further improved, as insurance penetration is on the rise. According to statistics from the China Banking and Insurance Regulatory Commission (CBIRC), relayed by China Banking and Insurance News, the insurance penetration in the first half of 2020 reached 5.95%, an increase of 0.73 percentage points over the same period in 2019. Insurance penetration is one of the important indicators for analysing the current development of the insurance market. It is the ratio of local premium income to gross national...
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Some of the nation’s biggest life insurance companies have thrown their full support behind a FASB proposal to defer long-term insurance contracts rules by one year, a second delay in months some say would not benefit investors. Metlife Inc., Aflac Inc., Cigna Corp., Great American Insurance, and Globe Life Inc. – in separate comment letters – moved early to laud the proposed delay on grounds it would minimize operational burdens of implementing the rules amid the COVID-19 crisis. “An additional year to implement the standard will allow insurance companies to continue to progress under their implementation plans while exercising flexibility to react to the impacts of the COVID-19 pandemic...
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The global IoT insurance market is expected to grow with a CAGR of 60% from 2019 to 2024. The study includes the IoT insurance market size and forecast through 2024, segmented by insurance type, end-use industry, and the region. The future of the IoT insurance market looks promising with opportunities in the automotive and transportation, home and commercial buildings, life and health, business and enterprise, and consumer electronics and industrial machine industries. The major drivers for this market are the growing adoption of internet of things (IoT) products, growing demand of cloud platform and other value added services in the insurance industry and reduction in premium and risk...
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Major publicly traded private equity firms’ assets under management are growing, largely thanks to investments in insurance companies. A new analysis from PitchBook of five major private equity firms’ second-quarter earnings calls shows that these firms are increasingly interested in buying and investing in insurance companies — and they don’t show signs of letting up soon. “Insurance companies have the potential to meaningfully add to a general partner’s permanent capital, drive AUM growth, and make solid investments if their float is invested well — just as Berkshire Hathaway has done with many of its insurance holdings,” the data provider said in a new report published Wednesday....
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Contractor's Public Liability and Property Damage Insurance Contractor's Liability Insurance shall be purchased and maintained by the contractor to protect him from claims for damages because of bodily injury, including death, and from claims for damages, other than to the work itself, to property which may arise out of or result from the contractor's operation under the agreement, whether such operations be by himself or by any or anyone directly or indirectly employed by any of them. The insurance shall name the City of Pittsfield as an additional insured and shall be written for not less than $500,000 each person, $1,000,000 each occurrence for bodily injury, and $500,000 each occurrence...
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The biggest difference is that in Corona Kavach Policy only the hospital bill gets reimbursed but in Corona Rakshak Policy, the 100 per cent of the sum insured is paid to the policyholder. IRDAI had recently mandated insurance companies to offer short-term health plans that will cover hospitalisation expenses related to the treatment of COVID-19. This will help individuals buy specific health cover for meeting hospital costs due to coronavirus. Both Corona Kavach Policy and Corona Rakshak Policy are health insurance plans meant for Covid-19 related hospital expenses. There are at least two benefits of such exclusive COVID-19 health plans: i) The no-claim bonus on existing health insurance...
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https://www.wgbh.org/authenticate/login Doctoral students at Boston University could be forced to take a leave of absence and lose their health insurance if they do not comply with new guidelines requiring them to return to campus in the fall. The guidelines, announced on Friday, mandate that “continuing students with teaching service appointments for fall 2020 who are unable to return to Boston University by September 1 should be expected to take a leave of absence,” according to a memo released last week by University Provost Jean Morrison and Associate Provost for Graduate Affairs Daniel Kleinman. “Alternatively, at the discretion of the program and school/college, the student may attend...
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