Planning for what you would like to happen after your death is seldom a pleasant topic to discuss with your loved ones. But if you were to die suddenly, your family would be relieved that you took out a life insurance policy to protect them. Proceeds from an insurance policy can help your spouse or family members put food on the table, pay everyday living expenses, and plan for their future. Thus, it is important to know what life insurance can cover. What does life insurance cover? A life insurance policy helps keep your family stay afloat after you are gone. In the short term, your loved ones can use the payout to cover funeral expenses, debts, and day-to-day expenses. Longer term, a life...
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Obesity Life Insurance If you are Overweight or Obese, we know you may struggle to find affordable life insurance. Insurers will increase premiums if you are significantly Overweight, but each company will have their own rules and approach to calculating your quote. This may make it very difficult for you to navigate the insurance marketplace to find appropriate cover at reasonable rates. At Your Life Protected, we specialise in securing affordable Life Insurance for people with medical conditions, including Obesity. We have a huge amount of knowledge and experience in this area meaning we can quickly find you the most appropriate cover for your needs. Our long-term relationships with the...
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The Impact of a Heart Attack on Life Insurance If you have experienced a Heart Attack, you may be concerned about the impact this will have on Life Insurance. So whether you had cover in place at the time of your Heart Attack or not, here is some information to help make things a little clearer. If you already had cover in place at the point you had a Heart Attack… If you had a Heart Attack during the term of your Life Insurance policy, you don’t need to do anything. Your premiums were calculated based on your health and medical history at the policy start date, and will not change based on the events you have experienced since. If you were to look at cancelling your pre-existing cover and...
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Around 3,500 workers who are part of SWaCH, a cooperative of self-employed waste collectors in Pune, have launched a symbolic week-long agitation against the Pune Municipal Corporation’s (PMC) delay in providing them with benefits such as life insurance cover and dues for working during the COVID-19-induced lockdown. The workers, who started wearing white ‘Freedom from Exploitation’ bands from Friday, said they would observe physical distancing and protest peacefully, without hampering waste collection or inconveniencing citizens. They will be staging a ‘thali bajao andolan’ outside the PMC’s main gate on Monday and Tuesday. Harshad Barde, director, SWaCH, said, “Waste pickers have worked...
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Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced the availability of Sapiens CoreSuite for Life Insurance on Microsoft AppSource, an online cloud marketplace that provides tailored line-of-business solutions. Sapiens CoreSuite, a platform that combines core insurance functionality with data analytics and a digital suite, can be deployed via the Microsoft Azure cloud. This includes full infrastructure, value-added services, and managed services, all of which enable customers to focus on their core business while reducing costs. “Sapiens feels confident collaborating with Microsoft, because of the organization...
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Taking out new life insurance for a mortgage or illness cover? Than be prepared to answer a whole new section on the application form dedicated to COVID-19. This is the latest impact that COVID-19 has on our daily lives, but it has huge implications. While all life assurance policies included detailed questions about the applicant’s general health and family medical history as well as specific questions related to stress, depression, conditions such as HIV and AIDS, cholesterol, blood pressure etc, COVID-19 has now been added to the list. Anyone applying for life insurance family protection or serious illness cover is now being asked if they have ever been tested positive for COVID-...
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En español | I've heard people say you should buy as much insurance as you want and that you can't have too much of it. I would agree only if the insurance were free, but it's not. Insurance companies must cover their costs and make a profit — which means, in general, the odds are good that you will collect less in benefits than the premiums you will pay. My advice has always been that you should only insure for anything you can't afford to lose. Let me give two extreme examples. For my new iPhone 11, I can buy insurance from an independent company for as low as $11 a month, or $132 a year, that extends the warranty and covers accidental damage and theft. If I were to break my phone, I...
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Aegon Life, along with e-commerce marketplace Flipkart, has launched ‘Life Insurance with Covid-19 Cover’ for hospitalisation expenses up to Rs 1 lakh. This is to provide Flipkart customers with a comprehensive insurance cover against Covid-19, that can be availed on the Flipkart app instantly along with the base life insurance plan. This offering supports the policyholder by covering hospitalisation costs of up to Rs 1 lakh on minimum 24 consecutive hours of hospitalisation on the first-ever diagnosis of Covid-19 condition along with death benefit from the life cover, the company said in a statement. “The policy takes care of hospitalisation costs, which will help curb the financial burden...
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My wife and I own a hotel which we had to close on 20 March. We have “business interruption” insurance cover with QIC Europe which specifically includes “any occurrence of notifiable human disease” within 25 miles of the premises. Even though there has been a number of confirmed cases less than 20 miles away, when we tried to claim, we were initially told that we were not covered as there had not been any cases of Covid-19 within 25 miles of us. After weeks of chasing, we were then informed, in a letter full of legal gobbledegook, that I don’t understand that we cannot claim. This is despite the terms of the policy being quite clear. The lockdown means that we are unable to generate any...
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Aegon Life Insurance on Wednesday announced a tie-up with Walmart-backed e-commerce major Flipkart for offering a life insurance plan known as ‘Life Insurance with COVID-19 Cover’. The plan would provide Flipkart customers with a comprehensive insurance cover against COVID-19 including hospitalization expenses of up to Rs 1 lakh. It can be availed on the Flipkart app instantly along with the base life insurance plan, Aegon Life Insurance said in a release on Wednesday. On the launch of ‘Life Insurance with COVID-19 Cover’, Satishwar Balakrishnan, CFO, and Principal Officer, Aegon Life said, “Our goal through Aegon Life’s ‘COVID -19 Hospitalisation Cover’ is to provide financial aid bundled...
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