mother and daughter holding hands closeup When my cousin was murdered two years ago, I found out that my aunt had taken out a life insurance policy on him. I was taken aback, but somehow she knew it was the right thing to do. Having that policy helped ensure she could grieve after all of the details of his funeral were taken care of. My mom also has a life insurance policy on me, and I understand why you never know what can happen. That's why I think young people need to protect themselves with life insurance. My cousin Ahmad was murdered two years ago, and it stunned me because we were the same age. To witness his death in our late 20s really shook me it's something I never thought would...
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As on March 31, 2019, the IDBI Federal Life Insurance has issued over 13 lakh policies and has total assets under management of ₹9,107 crore and a capital base of over 800 crores, as on March 31, 2019. IDBI Bank on Saturday announced its plan to divest 27% of its stake in IDBI Federal Life Insurance Company to its existing partners. IDBI Bank will sell 23% to Ageas Insurance and 4% to Federal Bank at a combined value of about ₹595 crore. The Company has been formed by a three-way joint venture between IDBI Bank, Federal Bank and Ageas Insurance. As on March 2020, IDBI Bank holds 48% in the IDBI Federal Life Insurance while Federal Bank and Ageas Insurance has 26% each respectively in the...
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Michigan Medicare Plans in 2020 In Michigan, there are two main options for Medicare coverage: original Medicare and Medicare Advantage. Original Medicare is managed by the federal government, while Medicare Advantage plans are offered by private companies. Original Medicare has two parts: Part A and Part B. Most people sign up for both parts. Part A (hospital insurance) helps you pay for services such as inpatient hospital stays and skilled nursing facility care. Part B (medical insurance) helps you pay for many medical services, including doctors’ services, health screenings, and outpatient care. If you choose original Medicare, there are some optional benefits you can sign up for...
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A Guide to Life Insurance Policy Illustrations Life Insurance Policy Illustrations Policy illustrations are the insurance company's projections for a policy's performance in future years. Typically these are not guaranteed and often exaggerate the financial success of an investment. However, if you understand the fallibility of these projections, you can use them to your advantage. Explains whole life insurance policy illustrations. Advises you on how to make biased projections useful. Quickly describes the difference between term life rate projections and whole life illustrations. Life Insurance for as Little as $20/Month? Understanding The Purpose Of Policy Illustrations. Companies (and...
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HUDSONVILLE, Mich. — A 10-year-old girl from Hudsonville is couch-ridden and bed-ridden because she cannot get modifications done to her wheelchair during the COVID-19 pandemic. 10-year-old Sadie Beute has significant special needs. She has been diagnosed with cerebral palsy and hydrocephalus, a condition where fluid builds up in the brain. She suffers from scoliosis, a condition where the spine is curved. Due to muscle formation, it is not uncommon for children with cerebral palsy to develop the condition. In Sadie's case, her spine was both curved and twisted. In early March, Sadie underwent surgery to correct her spinal issues. She now has a metal rod in place from neck to pelvis. Sadie'...
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NEW DELHI: Food Minister Ram Vilas Paswan on Friday announced a life insurance cover of up to Rs 35 lakh per person to over 1 lakh FCI officials and labourers in case they succumb to COVID-19 after six months of performing duty from the day of lockdown on March 24. State-owned Food Corporation of India (FCI) is the Centre's nodal agency that is engaged in procurement of foodgrains at a minimum support price (MSP) directly from farmers and distributes the same at a subsidised rate to over 81 crore ration card holders in the country. Currently, there is a provision to provide compensation to family members of FCI officials in case of death due to terrorist attack, bomb blast, mob violence...
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The first borrowing for the fiscal year saw the Reserve Bank of India (RBI) paying higher coupon than the prevailing market rate as traders take position for a deluge of supply in the coming days. The government borrowed Rs 19,000 crore from the markets. The full amount was subscribed. The cut-off yield for the de-facto 10-year benchmark paper, which was used to raise Rs 10,000 crore, came at 6.53 per cent. The cut-off is six basis points higher than the prevailing yield, and about 22 basis points higher than what it was when the state government bond auctions happened on Tuesday. However, the cut-off yield for the 10-year was just two basis points above the consensus expectation, according...
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When Ankur started his first job, on the advice of one of his colleagues he bought one LIC endowment plan. The basic purpose of buying that plan was to save tax and also some investment for long term. Now after few years when he was reviewing his investments, he was not sure if he’s invested in the right product or not. His tax saving is being taken care of by his EPF contribution and Home loan premiums, thus, this policy does not contribute to any tax saving investments. Neither this policy suits him from Insurance perspective; since he feels that insurance cover is minuscule as compared to his requirement. His confusion was from the Investment perspective angle. He was told at the time of...
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Last summer, Sun Life announced the issuance of C$750 million benchmark-size 10-year inaugural Sustainability Bond, the first of its kind by a life insurance company globally. Distinguishing them from green bonds, Sun Life's bond and its Sustainability Bond Framework include criteria for both green and social assets. Potentially eligible social investments focus on access to essential services, facilities and equipment that contribute to the long-term health of communities while delivering excess returns to investors, such as infrastructure investments for hospitals or childcare centers. The transaction was a success, attracting positive feedback and strong investor demand. "This...
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