One of the primary concerns with a term life insurance policy is that—by definition—these policies only offer protection for a limited amount of time. The typical length of a term life insurance is usually around 10, 20, or 30 years. But once you have outlived the term length of the policy, without taking action, you will no longer have the same level of protection as before, and you may find yourself in a financially precarious position. Fortunately, many term life insurance policies will offer you the option to renew or extend your current term policy before it actually expires. If you believe you are likely to outlive the term, making the choice to renew a term life insurance can help...
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A ₹ 20 lakh health insurance cover for a 30 year old may cost around ₹ 13,000 for one year. Most individuals delay their decision to buy a health insurance policy as they do not want to shed out this sum in one go. (Photo: Bloomberg) Now you can buy health insurance just like you buy monthly Netflix subscription 2 min read . Updated: 27 Sep 2020, 06:57 AM IST Avneet Kaur Vital also offers 'deductible' facility which will reduce the costs even further The deductible is the amount of money you will have to pay for your health expenses before your health insurance plan coverage starts in a given policy year Vital has created monthly subscription plans from scratch, which are not linked to a...
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The last quarter of the financial year is usually strong for life insurance companies, especially the month of March, as taxpayers rush to buy policies to get tax exemption. But FY20 was different. The lockdown announced by the government to curb the spread of COVID-19 is expected to affect the business and earnings of these companies. According to HDFC Securities, the high base set after strong growth of 22.8 percent CAGR during FY17-19, slowing sales of NPAR products (compared to Q2 and Q3FY20), a slowing economy and finally the lockdown is expected to severely hit sales of life insurers in Q4FY20. While having a bullish view on HDFC Life, ICICI Prudential and SBI Life, KR Choksey said, "...
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For the thousands of South Africans who took out accident and health policies marketed by Prime Meridian Direct (PMD), lockdown April has been made even more bleak by the realisation that they paid those premiums for years, only to find themselves with no cover from this month — and no premium refunds either. The policies — Living Legacy and Prime Living CoverGrow — were developed by Primary Asset Administration Services and later marketed by financial services provider Prime Meridian Direct. Short-term insurer Constantia took over as policies administrator in April 2019. Living Legacy was sold as an “accident and health” policy to 2,771 people between September 2010 and December 2016 and...
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Jackson Tolerated Harassment, Discriminated Against Female and African American Employees in Promotions and Pay, and Retaliated Against Employees Who Complained, Federal Agency Charged DENVER, Colo. - Jackson National Life Insurance Company, Jackson National Life Distributors, LLC, and Jackson National Life Insurance Company of New York (collectively, "Jackson") will pay $20,500,000 to 21 complainants and furnish other relief to settle the EEOC's claims in a race, national origin, and sex discrimination and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. The EEOC's lawsuit, filed in September 2016, charged that...
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Plonk, here is the car insurance. Plonk, there is the home and travel. Plonk, the car tax, the council parking permit. If you want to know why it is so hard to drum up new clients, then perhaps consider this tiresome pattern. With the arrival of each letter you have to hunt around on a comparison website – to find a cheaper price from the very same company you are already with. You call up: press one, press three, enter your policy number, enter your date of birth, press five, wait to speak to a person, ‘We’re experiencing high call volumes right now’, Dire Straits comes on. Put phone on speaker, potter around, then 10 minutes later a human voice – just as one...
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GWG Holdings, Inc. Reports Results for the Second Quarter Ended June 30, 2019 MINNEAPOLIS, Sept. 03, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services holding company committed to transforming the alternative asset industry through innovative liquidity products and related services for the owners of illiquid alternative investments, today announced its financial and operating results for the second quarter ended June 30, 2019. Second Quarter 2019 Financial and Operating Highlights Realized $23.0 million of face amount of policy benefits from 19 life insurance policies. Reported additional policy realizations of $18.0 million from 16 policies through August 29...
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Some of Finance Minister Nirmala Sitharaman's major income tax related announcements in Budget 2019 came into effect on Sunday. Among them, the changes that will have a direct bearing on the common man's wallet relate to tax deducted at source (TDS). Here's all you need to know about the new norms: TDS on cash withdrawals of over Rs 1 crore Under the newly introduced Section 194N, a 2 per cent TDS on cash withdrawals of Rs 1 crore or more from banks or post offices kicked in on September 1. The aim behind this move is to discourage cash transactions and move towards less cash economy. The Central Board of Direct Taxes (CBDT) clarified last week that if a person has already withdrawn Rs 1...
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Some new income tax rules come into effect from September 1, as the Budget was presented in July New income tax rules come into effect from September 1. Latest changes explained 2 min read . Updated: 02 Sep 2019, 09:09 AM IST Staff Writer Under new income tax laws, aggregate cash withdrawal beyond a certain threshold in a year from banks, post offices will attract TDS For TDS calculation from income tax perspective, while buying a property, the buyer has to include payment made for other charges like club membership fee, car parking fee Here are 5 changes in income tax rules that come into effect from September 1: 1) The government has introduced a new Section called 194N in income tax...
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India Post Unveils Stamp to Commemorate 20th Anniversary of EbixCash World Money JOHNS CREEK, GA – August 20, 2019 – Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced that India Post has unveiled a corporate customized stamp to commemorate the 20th anniversary of Ebix’s foreign exchange, remittances, payment solutions Indian subsidiary company - EbixCash World Money. The Department of Posts, commonly known as India Posts, is the government-operated postal system in India; and is the most widely distributed postal system in the world. EbixCash is a global...
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