In response to the COVID-19 pandemic, which is impacting the world and threatening the lives and wellbeing of Ghanaians, Prudential Life Insurance Ghana has introduced the free Pru Covered-19 to support new and existing customers. The innovative Pru Covered-19 benefit takes effect from March 30, 2020, for existing customers and activated from the policy start date for new customers. For the next 45 days, the benefit will provide Prudential Life customers with a COVID-19 cover under their in-force policies. There is no waiting period for existing customers and a two-week waiting period for all new customers under this benefit due to the emergent nature of COVID-19. The Pru Covered-19...
Continue reading...
Term Life by definition is a life insurance policy which provides a stated benefit upon the holder’s death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company’s investment portfolio. Annually renewable term life. Historically, a term life rate increased each year as the risk of death became greater. While unpopular, this type of life policy is still available and is commonly referred to as annually renewable term life (ART). Guaranteed level term life. Many companies now also offer level...
Continue reading...
We call it: Life insurance you don't have to die to use. With your Whole Life or Universal Life insurance policy, you can enjoy the potential for tax-deferred cash value accumulation. You can access your cash value through policy loans and withdrawals to help achieve your unique and personal objectives, including: Help your children pay for college For a down payment on a second home Take advantage of new opportunities Meet unexpected emergencies Whatever your needs and goals may be, the cash value accumulation that your whole life or universal life insurance policy may provide can help you with your future plans. Cash value in a universal life insurance policy could also be used to...
Continue reading...
Can I buy Life Insurance as an investment? Purchasing life insurance is one of the best ways to protect and safeguard the financial future of your family. But apart from the assurance and security, should one consider life insurance an investment? Read this post to find out. With the rising financial awareness in India, most people want to get something in return when they invest their money. This is one of the biggest reasons why options like equity and mutual funds are currently so popular in the country. This same mindset of generating returns often extends to life insurance too. While the primary purpose of purchasing life insurance is to secure the financial future of your loved ones...
Continue reading...
ICICI Prudential Life Insurance Company is a leading private sector life insurance company in India. The company has been around for more than a decade and offers a range of life insurance policies for its customers. Given the coverage benefit offered, range of plans and the competitive premium rates, many individuals have an ICICI life insurance policy to their name. In a bid to prevent money laundering acts, the Government passed a rule for life insurance policyholders to link their life insurance policies to their Aadhar cards. This would create a centralised record of the financial transactions of individuals and help in limiting the flow of black money. So, if you have an ICICI life...
Continue reading...
Life Insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones (Photo: iStock) Policyholders get an extension on insurance premiums due in March 2 min read . Updated: 23 Mar 2020, 09:42 PM IST Disha Sanghvi The regulator has asked life insurance companies to allow a one month extension on premiums due in the month of March 2020 Health insurers have been asked to accept a delay in policy renewals up to 30 days without deeming the same as a break in policy As COVID-19 (popularly known as Coronavirus) takes most part of the world by storm, the central and state governments in India are taking measures such as suspending flights,...
Continue reading...
Yalochat's AI based solution helps reduce HR response time, improve quality of employee interactions and increase HR efficiencies NEW DELHI, Jan. 2, 2020 /PRNewswire/ -- Yalochat, an artificial intelligence-driven customer relationship management (CRM) platform that helps companies build personalised relationships at scale has partnered with Edelweiss Tokio Life Insurance to implement a chat-based personalised HR solution to serve over 4,000 employees across India. Through Yalochat's AI-powered CRM solution built atop the WhatsApp ecosystem, Edelweiss Tokio Life Insurance's employees can now have HR queries responded to and solved in real-time, thereby improving and increasing employee...
Continue reading...
Insure against dementia, stroke and frailty: Vitality offers serious illness add-ons for as little as £4 a month - but are they worth it? Vitality now protects against strokes, dementia, Alzheimer’s and Parkinson's The new deal is an upgrade on its existing free policy, and adds more cover Policyholders will pay around £4 to £6 more each month for the extra insurance Insurance customers can now get specialist cover for dementia, strokes and general frailty in their later years for as little as £4 a month. Vitality has launched the optional extra that covers policyholders for degenerative diseases as a top-up to its standard serious illness policy. The ‘Dementia and Frail Care Cover...
Continue reading...
You can opt for the desired coverage under one plan or multiple term plans. (Photo: iStock) Disclose existing term plans to new insurer 2 min read . Updated: 09 Dec 2019, 06:00 AM IST Abhishek Bondia While opting for multiple term insurance plans, you need to disclose existing term plans that you have in your name Insurers typically do not offer a term cover for more than 20 times a person’s annual income No, there is no limit on the number of term insurance plans that you can take. You can opt for the desired coverage under one plan or multiple term plans. However, when opting for multiple term insurance plans, you need to disclose existing term plans that you have in your name. This is...
Continue reading...
The author’s parents with two of their grandchildren. Courtesy Samantha Chavarria My dad was diagnosed with pancreatic cancer at age 54. He seemed indestructible and never thought he’d get sick like this, so he never purchased life insurance. When he died less than a year after getting diagnosed, my family and I dealt with the double grief of losing him and trying to pay for his end-of-life expenses. After that experience, my husband and I reevaluated our life insurance policy and made sure no one would be left to foot a bill in the event of our passing. Growing up, I thought my dad was invincible. A man with a personality as grand as his physical presence, he was larger than...
Continue reading...
