Carriers around the country today are seeking more efficient ways to manage policies. This allows for greater cost savings and higher customer satisfaction. Policy administration is one essential area of guiding the customer through the policy process, ending with a binding agreement. WaterStreet Company understands the complex nature behind policy administration. All carriers require unique information per each unique coverage plan, calling for a customizable solution for gathering all the necessary information in one place. The Insurance Policy Life Cycle Throughout the policy administration process, the customer is asked to complete applications, submit payment, and wait for review by...
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Key factors NRIs should consider before buying a life insurance policy Under the foreign exchange management act (FEMA), NRIs and people of Indian origin (PIOs) can buy a life insurance plan. This way, NRIs can buy term insurance and other life insurance policies irrespective of the country they are staying in. The premiums can be paid through an NRO bank account, NRE/FCNR bank account, or foreign currency, keeping in mind the currency mentioned in the issued life insurance policy. However, Aatur Thakkar, co-founder and director, Alliance Insurance Brokers, said, “To buy life insurance, NRI’s should check the eligibility criteria and then, by comparing the various policies online, should...
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Oof. I've never written in to an advice columnist before, but Google is not answering my relationship questions, so here I am. I'm not in a huge drama situation; I'm just trying to figure out if it's time move on. We have been together for more than four years. I was married briefly before him, and he has also been married. After years with a drug addict who hid the remote control outside so the "hackers" couldn't find her, I was a happy breath of fresh air for my partner. Moving on together, despite some hiccups, has been great. I have gained weight from being a stepmom and sacrificed parts of my life that made me sane. Because when you have kids, that’s just how it works. 2018 was the...
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LIC Jeevan Shanti Policy: LIC provides endowment, term, life, pension etc. plans to customers. Often, people are worried about how life will live after retirement. LIC Jeevan Shanti Policy: Life Insurance Corporation of India (LIC) is one of the most trusted insurance companies in the country. Being governed by the government, people take the policy of this company hands-on. Everyone wants to invest their hard earned fat and hard earned money in the right place. LIC’s policy is designed in such a way that people from poor to rich class can invest. LIC provides endowment, term, life, pension etc. plans to the customers. Often, people are worried about how life will live after...
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Trust is everything in financial services, and in insurance especially, longevity matters. And yet many legacy brands have launched D2C spin-offs like MassMutual’s Haven Life, which targets married millennials with a life insurance model that bypasses the usual agent/broker channel. Building a fresh, nimble D2C image while pointing toward 150-year-old stability is the hat trick for these brands. But as Brand Director Adam Weinberg tells us this week, Haven Life aspires to change the conversation around life insurance. Think confetti and hero moments rather than the end-of life euphemisms insurance ads have used for generations. Marketing old and emerging finance brands to new...
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WASHINGTON, Sept. 14, 2020 /PRNewswire/ -- The National Association of Insurance Commissioners' (NAIC) Life Insurance Policy Locator continues to connect consumers with life insurance benefits. Each year, millions of dollars in life insurance benefits go unclaimed by beneficiaries who can't find their deceased loved ones' policies or, in some cases, may not even know the policies exist. That's where the Life Insurance Policy Locator comes in. This free online tool, maintained by the NAIC, has received 227,551 requests countrywide, which has led to 81,349 matches of life insurance policies or annuities with claim amounts of $1,028,479,262 being reported by companies through July 31, 2020....
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EIS positioned in the Challengers Quadrant in Gartner’s 2020 Magic Quadrant for Life Insurance Policy Administration Systems, North America SAN FRANCISCO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- EIS, a global core and digital platform provider for insurers, today announced that it has been named a Challenger in Gartner’s recently published report “Magic Quadrant for Life Insurance Policy Administration Systems, North America*.” The report evaluated EIS for Completeness of Vision and Ability to Execute. EIS has been recognized for the second consecutive year in the report and has improved its positioning on the Ability to Execute axis and is now positioned as a Challenger. The report evaluated...
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WASHINGTON, Sept. 14, 2020 /PRNewswire/ -- The National Association of Insurance Commissioners' (NAIC) Life Insurance Policy Locator continues to connect consumers with life insurance benefits. Each year, millions of dollars in life insurance benefits go unclaimed by beneficiaries who can't find their deceased loved ones' policies or, in some cases, may not even know the policies exist. That's where the Life Insurance Policy Locator comes in. This free online tool, maintained by the NAIC, has received 227,551 requests countrywide, which has led to 81,349 matches of life insurance policies or annuities with claim amounts of $1,028,479,262 being reported by companies through July 31, 2020....
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Our analysts monitoring the situation around the Globe explain that after COVID-19 crisis the market will generate remunerative prospects for producers. The goal of the report is to provide a further illustration of the current scenario, economic slowdown and effect of COVID-19 on the industry as a whole. A new Profession Intelligence Report released by Stats and Reports with the title Global Life Insurance Policy Administration Systems Market “can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global Life Insurance Policy Administration Systems Market Report presents a dynamic vision to conclude...
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No insurance is like not having a parachute when you need it; chances are you will never need it again. Just because you already have life insurance doesn’t mean you can ignore it. And in tough times, resist the urge to cut that cost from your monthly budget, advises Apio’s Mike Wood. Have you just bought a new property, changed jobs, gotten married or divorced, quit smoking or received some upsetting news about your health? Do you have an estate worth more than R3.5m (more than R7m if you are married)? It might be the last thing on your mind, but updating your life insurance policy is a necessary detail to complete. It’s so easy to overlook – after all, you’re busy living your life, so...
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