COVID-19 or coronavirus is an infectious disease, which has turned out to be a pandemic as declared by the World Health Organization (WHO). This deadly virus has constantly spread across the world and affecting more people every day. Millions of people have been infected by the novel coronavirus while a lot of them have unfortunately succumbed to the deadly virus. Within the Emirates alone, thousands of people have been impacted by it and many have failed to survive it. In these cases, where the uncertainties are rising continuously, it has become very necessary to buy a life insurance policy. An appropriate life cover does not just secure your family from unfortunate events & financial...
Continue reading...
The COVID-19 pandemic has changed the way people think about many things — including the fragility of life. If you do not already have a will and estate plan, you may have been thinking more about putting them in place. The same applies to life insurance. Here are some of the issues you should consider. Do you need it? If you have others depending on you financially, your top priority is likely to ensure they will continue to be provided for after you are gone. Life insurance can help achieve this goal. These policies are appealing because small payments now can produce a proportionately much larger payout at death. But the fact that the return on the investment generally is not...
Continue reading...
ABI stats show that insurers paid £90m in claims to help families cope with Covid-19 deaths During the height of the crisis, insurers received nearly 7,000 life insurance claims and paid £90m - the equivalent of £980,000 a day - to support families of people who passed away due to coronavirus, stats from the Association of British Insurers (ABI) have revealed. The figures show that between 1 March and 31 May this year, 6,689 claims were received under individual protection policies, with 351 claims under group schemes (also including a small number of critical illness and total permanent disability claims). On average, 77 claims were paid each day. The vast majority of these...
Continue reading...
The coronavirus pandemic has put many money issues into stark relief: health insurance, job security, the need for emergency savings. Married couples and those with families may be thinking about another financial component that many often avoid: life and disability insurance. Life insurance provides a payout when the insured person passes, helping widowed spouses and children stay afloat financially. Disability insurance replaces a certain percentage of your income for a specific period if you can’t work because of an injury or illness. While both are key to a complete financial plan, they are hard to talk about. But the pandemic may be changing that. “Covid is in our face. There’s a lot...
Continue reading...
Our Client is a fabulous, small independant brokerage, based in Alton. The role will be part of their newly created team of life insurance Sales Executives who make outbound calls to a warm database of clients, with the objective of providing a range of appropriate insurance products on a non-advised basis. As an insurance broker with access to a range of insurers, the Sales Executives are expected to be highly professional, tenacious and compliant at all times. Contacting customers by telephone on receipt of internet generated enquiries Selling the benefits of all our products and services Providing quotes and arranging policies for customers over the phone in line with our Non-advised...
Continue reading...
A growing number of younger Canadians are buying life insurance coverage online as the novel coronavirus pandemic spurs worries about economic uncertainty and puts a spotlight on potential health risks. Since the onset of COVID-19 in early March, Sun Life Financial has seen its online life insurance sales grow by more than 40 per cent compared to the same period last year. The increase in demand for its online product – called Sun Life Go – has largely been driven by clients under age 40, with sales climbing by more than 50 per cent among this younger demographic. TD Insurance has seen similar spikes in interest among 30- to 40-year-old clients who purchase policies digitally, with sales up...
Continue reading...
Insurance regulator IRDAI has exempted life insurance companies from issuing policy document and copy of the proposal form in physical form for policies issued this fiscal (2020-21). In other words, the companies have been permitted to issue policy documents in electronic format. The exemption, however, is subject to certain conditions, including getting an express consent of the policyholder to receive electronic policy bond. However, “if a policyholder insists on hard copy, the same has to be issued without any charges,” the regulator said. IRDAI took the decision in the wake of emerging situation of COVID-19 pandemic and life insurers “expressing difficulties in printing and dispatch of...
Continue reading...
The MarketWatch News Department was not involved in the creation of this content. Variable Universal Life Insurance Market 2020-2026 Aug 04, 2020 (Heraldkeepers) -- New Study Reports "Variable Universal Life Insurance Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026" has been Added on WiseGuyReports. This report provides in depth study of " Variable Universal Life Insurance Market " using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Variable Universal Life Insurance Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as...
Continue reading...
Aimed at providing report readers with a discerning picture of the current market scenario dominant in the Life Insurance Software market, this holistic report output encapsulating historic as well as current market developments are poised to specifically grab the pulse of the Life Insurance Software market. Owing to the sudden onset of dynamic macro-economic factors the Life Insurance Software market has been thoroughly affected by the current developments, thus manifesting in a myriad alterations and tangible deviations from the regular growth course of the Life Insurance Software market. Our researchexperts and industry analysts. The study encompasses profiles of major companies...
Continue reading...
According to a recent report, growth in the life insurance market globally has lagged behind the banking and manufacturing sectors and insurers are losing share to industry players not traditionally involved in life insurance. For example, asset management is being done by third party capital providers, marketing is being taken over by search engines like Google and the success of a product is often affected by online reviews. Whereas ‘cumbersome consumer interactions’ did not necessarily hamper success in the past, consumers increasingly require transparency, speed and flexibility. The disintegrating value chain in the life insurance industry means that life insurers need to compete...
Continue reading...
