Warburg Pincus-backed life insurance company IndiaFirst Life starts work on IPO plan For the financial year ending 31 March, the insurance company saw its gross premiums jump 28% from FY21 and crossed Rs5,187 crore, as per a company statement. (Reuters) Bank of Baroda owns a 65% stake in the life insurer, while Union Bank of India holds a 9% and Carmel Point Investments India Private Ltd, a Warburg Pincus affiliated entity holds the remaining 26% stake. “Indiafirst has been engaged in discussions with investment banks over the past couple of months. Banks such as ICICI Securities, Axis Capital and JM Financial and a few more are in the running to pick up the IPO mandate," said the first...
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Home » Blog » Getting Life Insurance with Haemochromatosis What is haemochromatosis? Haemochromatosis is an iron overload disorder. It is a genetic condition that causes people to absorb excessive amounts of dietary iron. The iron becomes deposited in the various organs, mainly the liver, pancreas, heart and joints, as the body has no way of disposing of the excess iron. Symptoms can include chronic fatigue, abdominal pain, impotence and arthritis. Diagnosis is by a blood test. Treatment is by the removal of blood, known as venesection or phlebotomy therapy. Once the initial treatment has been completed, iron levels should return to normal, but regular monitoring will continue. How does...
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Top Internet First Life Insurers Startups Business models evolve with time, sometimes due to changes in the market and sometimes due to advent of technology, resulting in emergence of new exciting trends. We at Tracxn closely track the startup ecosystem from across the world and we have come across a whole lot of interesting new themes which are gaining popularity, one of them being Internet First Life Insurers. Globally there are 63 Internet First Life Insurers companies, and here is the list of the 10 most interesting ones: Singapore Life offers an app-based life...
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Smart Health is a non-contractual benefit, that is available to customers once they have taken out a life insurance policy with AIG. All AIG customers get unlimited access to Smart Health. The Smart Health app and website gives you and your immediate family easy access to a 24/7 virtual GP, as well as a range of other health and wellbeing experts. You’ll get full details of how to download the app and access the website when you take out life insurance with AIG. Guaranteed acceptance – if you’re aged 60 – 80 and live in the UK, you can take out insurance Guaranteed payouts – after two years, AIG will pay the full insurance amount when you die Guaranteed payments – the amount you pay will...
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You may already know that the cost of life insurance is primarily dependent on your age and your health. That, naturally, leads to the question: What is a good age to get life insurance? The short answer is that the younger you are, the cheaper your premiums are likely to be. That said, ultimately there is no good or bad age to purchase life insurance. Rather, there are times in your life when it will make the most sense to purchase or increase life insurance coverage because you need more financial protection. When you make the decision to get married, your financial picture changes significantly. You no longer need to worry only about your own personal wellbeing, but also the wellbeing of...
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Getting life insurance with cancer can be difficult. It can even be an issue for people who have a family history of cancer. But don’t be discouraged. Understanding the process The first thing an insurance company might look at are your medical records. They may also review your family health history. This will include a look at the National Cancer Institute’s Surveillance, Epidemiology and End Results database , which has test results for 3 million American cancer patients. While the database doesn’t show names, it does allow insurers to request personal details of those on the list. Your insurer can look at your situation and put you in one of five different classes: People in...
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Innovative start-up life insurance companies promise fast online policies, among other attractions. But are such “insurtechs” risky because the company may not be around in decades, when your family will need to collect on your policy? Insurer stability and reputation matter more to life insurance buyers than to shoppers for other types of insurance. The 2021 edition of the J.D. Power U.S. Life Insurance New Business Study, released in November, reported that car insurance buyers were ten times more likely to choose the company that offers the lowest price over any other. By contrast, those buying life insurance were only twice as likely to pick the lowest-priced policy -- a...
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If you die unexpectedly, your loved ones could face financial hardship. Life insurance can offer protection, but getting coverage can seem confusing as you juggle all of life’s other responsibilities. How do you know when you need life insurance, and what should you think about as you evaluate coverage? The best time to get insurance is often when you’re young and healthy, but it can be helpful in other situations as well. We’ll review why buying early is best, and we’ll highlight several situations when life insurance might be important. Why You Should Get Life Insurance Life insurance can protect loved ones by providing a substantial amount of money upon your death. The death benefit...
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Will my age affect my life insurance? Age is certainly a factor when life insurance companies underwrite a policy. Simply put, our chances of dying increase as we age. Therefore, given the greater likelihood of a claim, it follows that life insurance premiums rise as we get older. However, it’s not just age that can affect life insurance costs. What is the best age to get life insurance? In truth, as long as you’re over 18 years-old, there is no ‘best age’ age to get life insurance. Life insurance is generally more expensive the longer you leave it - so, if you need cover, waiting can mean premiums are more expensive when you buy. Because, if you have financial...
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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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