PolicyBazaar has partnered with Bajaj Allianz Life Insurance and Religare Health Insurance to offer its customers a combination of Term and Health Insurance plan. You can also avail tax benefits under different sections by buying the combo plan. Even before you start to invest for long-term financial goals, most financial planners will suggest you to get health and term life insurance plans. While buying insurance, you cannot ignore the importance of term life insurance as it gives financial security to your dependents in case of an unfortunate event. Similarly, the skyrocketing prices of quality healthcare in India has made health insurance as important as a term life insurance. A health...
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New Trends in Life Insurance sector You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The insurance industry in India has been changing fast over the last couple of years. The current crisis has further provided a ‘digital-first’ push. The industry that was for years driven by traditional business models has evolved driven by a change in customer behavior, data, disruptive technologies, artificial intelligence and innovation. The most relevant example of today’s time is the rise in the numbers of Internet users and the smartphone users. As of 2020, there are an estimated 697 million Internet users in the country. As the result of...
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Even in the toughest of times, their love and nurturing brought hope and order into a young girl’s life, and helped to transform into a proud and independent woman. I have a strong memory of myself as a primary scholar, yelling across the school fence for my older cousin, Sis’ Hazel. We stayed together at my grandmother’s house, which was conveniently across the road from the modest primary in Tembisa township, east of Johannesburg. Sis’ Hazel, bless her soul, was a big-boned woman and a gentle, quiet soul. For whatever reason, she always indulged my yelling with whatever I wanted, whether it was coins for the tuck shop or treats from the house. Most of the attention-seeking was a way for...
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What if life insurance wasn’t just about providing for loved ones after death? What if getting coverage came with associated benefits a policyowner could access throughout their lifetime? That’s the aim of participating life insurance from Canada Life™. Participating life insurance, also called “par”, is a type of whole life insurance policy that offers a guaranteed payout and cash value, as well as the opportunity to participate in the experience of the par account through dividends. It’s another way clients can help build their wealth through tax-advantaged policy growth and potential dividends. On top of that, accumulated cash value within the policy can be withdrawn and used for...
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NEW YORK--( BUSINESS WIRE )--The COVID-19 pandemic has had a profound impact on all aspects of life and has resulted in significant changes to the way we work, live and think about money. These changes are especially true for parents and adult children who have combined once separate households, according to new data from New York Life. “ It’s clear that more than ever, taking care of family is a priority for so many Americans,” said Aaron Ball, SVP and Head of Insurance Solutions at New York Life. “ Our data also suggests that it is clear many families will have some difficult conversations about money on the horizon.” At the start of the pandemic, many adults returned to their parents’...
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New Jersey, United States,- Market Research Intellect recently published a report on the Critical Illness Insurance Market. The study was supported by data obtained either from primary sources or from corporate databases. The experts in the market have confirmed that the data is realistic and relevant to the particular market conditions and therefore will prove extremely helpful to the user. The factors that have been broken down into driver and restraint systems. The regions, types, applications, and strategies are segmented and subdivided for better and better understanding. This report covers the current economic impact of COVID-19. This outbreak drastically changed the global economic...
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Back to school means shopping for new pens, binders, backpacks, and more. But it might also be a good time for you to shop for life insurance to cover your loved ones after you’re gone. School is likely to look a little different this year as a result of the ongoing Covid-19 pandemic. Whether your kids are headed back to the classroom in masks or whether they’re staying home and learning remotely, you probably want to do everything you can to make sure they’re safe and taken care of in the event that something happens to you or your spouse. Life insurance can be part of ensuring your dependents’ wellbeing. If you don’t have kids, now could still be a good time to reflect on your life...
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Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Then, in most cases, you’d have to undergo a medical examination and wait a few weeks to get approved and complete the whole process. But this scenario doesn’t seem to fit the fast-paced world we live in anymore. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements. From shopping to socializing or paying their bills, people seem to be doing everything online these days, so it was only a matter of time until insurance companies stepped into the digital world....
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Telkom SA, the Pretoria, S. Africa-based telecommunication industry giant operating in more than 38 countries across the African continent, had expanded its offerings into a highly competitive financial services market by initiating a life insurance business what Telkom SA said would initially sell insurances for funerals. As a matter of fact, latest move from Telkom SA to tap into the financial services market came forth as mobile operators in South Africa, the most industrialized country in the African continent, has been seeking to add more than 11 million South Africans who do not possess a bank account to receive lending offers alongside other financial services in to an unconventional...
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E ver considered faking your own death and starting out from scratch in some foreign land? No, us neither - but it does happen. And there’s a booming trade for it in the Philippines, of all places. For the bargain price of around £350, travellers can purchase “death kits” made up of documents that “prove” your demise. The process involves buying an unclaimed corpse from one of the many morgues in the Philippines that have a decent number of them. And the customers? Desperate Wall Street bankers seeking to escape debt, and men having affairs who want to leave their families, apparently. Then there’s Elizabeth Greenwood, who “died” as a tourist in the Philippines in 2013. Multiple spectators...
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