Mumbai, Jun 25 () South-based lender Federal Bank will be paying over Rs 80 crore to buy additional four per cent stake in its life insurance joint venture IDBI Federal Life Insurance, a top official has said. The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30 per cent, the maximum permissible level for a lender under the regulations, its managing director and chief executive Shyam Srinivasan told. Without giving targeted timelines, he said IDBI Bank, which holds 48 per cent stake in the venture, will be selling 27 per cent stake in the venture to get its holding down to 21 per cent. Federal Bank will be purchasing 4 per cent, while...
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South-based lender Federal Bank will be paying over Rs 80 crore to buy an additional four percent stake in its life insurance joint venture IDBI Federal Life Insurance, a top official has said. The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30 percent, the maximum permissible level for a lender under the regulations, its managing director and chief executive Shyam Srinivasan told PTI. Without giving targeted timelines, he said IDBI Bank, which holds 48 percent stake in the venture, will be selling 27 percent stake in the venture to get its holding down to 21 percent. Federal Bank will be purchasing 4 percent, while their Dutch partner...
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The Zacks Multiline Insurance industry comprises companies that provide a single insurance coverage, bundling automobile, homeowner, long-term care, life and health insurance to individuals and businesses. The insured pays a single premium and is covered for many things through a single contract. These companies cover commercial and personal properties, automobiles, marine, livestock, aviation, personal accident, life including permanent and term insurance, supplemental accident and health insurance, workers’ compensation, annuity products, private mortgage insurance, et al. The industry participants also provide risk management services. Here are the industry’s three major themes: The U.S...
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Term Life Insurance Market research report displays the market size, share, status, production, cost analysis, and market value with the forecast period 2020-2025. The overall analysis of Advanced Term Life Insurance Market covers an overview of the industry policies. The report also details the information about the top key players, sales, revenue, future trends, research findings, and opportunities. The prime objective of this report is to help the user understand the Term Life Insurance Market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Allianz, AXA, Generali, Ping An Insurance, China Life Insurance,...
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Aging Gracefully: A Look at Today’s LTC Solutions View this article online at https://www.fedsmith.com/2020/06/25/aging-gracefully-look-todays-ltc-solutions/ and visit to sign up for free news updates Not everyone will need to buy a Long-Term Care (LTC) Plan, but everybody still needs to have a plan to address LTC. If you have seen the toll that an unplanned LTC event can have on a family (like it did mine) then you know what I am talking about. Long-term care is generally referring to a form of specialized assistance that is outside of the scope of conventional Health Insurance coverage leading many to fear how they can afford the assistance necessary to age gracefully when those...
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PPE cost now covered under IRDA's new short-term COVID-19 health plan; should you buy? Rising cost of disposables and consumables has made coronavirus treatment in private hospitals really exorbitant. The COVID-19 plans are expected to provide that much-needed support Medicines for coronavirus-led diseases have been authorised by the Indian drug regulator Drug Controller General of India. The new medicines are more effective on mild and moderate conditions of COVID-19 related diseases. However, for severe cases of COVID-19, we are yet to get a medicine with high efficacy level. Till the time an effective cure comes, coronavirus remains a potent threat. Government facilities are getting...
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Costlow Insurance has been providing insurance in Texas since its inception in 1981. Our agency has grown from a single owner proprietorship into a full service organization offering some of the best insurance values in Texas today. Our philosophy is simple: support you, our customer, with the best possible customer service our team of licensed insurance agents can provide. Insurance Bundle Your Insurance Policies Bundling insurance simply means buying multiple types of insurance policies from a single insurer. Why bundle insurance? It could mean big savings. Many insurance companies give discounts on premiums for buying car insurance, home insurance and even life insurance from them!...
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Fortunately, as a New Article by Life Ant Explains, there are Options for People who Have Lost their Life Insurance Coverage NEW YORK, NY / ACCESSWIRE / May 13, 2020 / The founders of Life Ant, a life insurance quote comparison website based in Manhattan, have just posted a new article to the company website that discusses how many people who have lost their jobs due to the coronavirus crisis no longer have life insurance coverage. As a company spokesperson noted, the founders realize that the COVID-19 pandemic has wreaked havoc on the economy and labor force in the United States. Nearly 15 percent of people have lost their jobs, which means they no longer have their employer-provided...
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TORONTO — Canada’s second-biggest life insurer, Sun Life Financial Inc., raised premium rates on some life insurance and critical illness policies by up to 27 per cent for new applicants on Monday, to help offset the hit from decade-low interest rates in Canada. The move highlights the hit to the sector from a slide in the benchmark interest rate to 0.25 per cent and economic uncertainties from the COVID-19 pandemic. Insurers around the world are facing higher payouts on business and life insurance policies due to the outbreak, while market volatility and plunging yields threaten investment losses, limiting their ability to make the payments. Sun Life has not raised rates for...
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Lucky old grandma. When she retired all those years ago, her income security needs were pretty simple. She could convert a large part of her lump-sum savings into a guaranteed steady income stream for life by purchasing a single premium immediate annuity. Today? You’re right out of luck. Such annuities continue to be offered by insurance companies, but the monthly payouts they generate has collapsed to the lowest levels on record, according to ImmediateAnnuities.com. In 2000, a 65-year old woman with $100,000 in savings could buy an annuity guaranteeing her income of $744 a month. The equivalent figure now? Just $469. This level is actually less than half that in 1990, according to...
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