Buying life insurance doesn’t sound like anyone’s idea of a nice evening in. However, it is something we should all consider at some point. We all want to protect those closest to us, right? I know your brain might click into autopilot when you hear “life insurance” but getting it sorted could be a lot easier than you think. At its very simplest, life insurance is a contract. You set this contract up between yourself a life insurance company. This contract promises to pay out an amount of money when you die. Putting some thought into it now it can make things for your family so much easier. Life Insurance comes down to wanting the best for your loved ones. That warm fuzzy feeling of...
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Some people wonder, “If I get life insurance, can I be confident my loved ones will get the money I intended for them?” Here at TruStage, in the vast majority of cases, the answer is “yes.” In this article we’ll look at the exceptions, reasons life insurance companies refuse claims, and how you can help make sure your beneficiaries get the benefit of your life insurance policy. The Vast Majority of Life Insurance Policies Pay Out People get life insurance with the expectation that if they pass away during the period of coverage, their policies will help their loved ones financially. But there are times when a company has no choice but to decline to pay a death benefit. In 2019, TruStage...
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About 3.5 lakh voice chats are conducted on chatbot LiGo every month, ICICI Prudential said (Reuters) ICICI Prudential Life Insurance introduces AI-powered voice chatbot on Google Assistant 1 min read . Updated: 31 Aug 2020, 10:52 PM IST Livemint The customers can instantly access information on their policies by activating 'Google Assistant' on their Android phones All our innovations hinge around customer-centricity, said N S Kannan, managing director & CEO, ICICI Prudential Life Insurance "Extending LiGo functionalities to Google Assistant is part of the company's strategy to be present on platforms preferred by customers and to offer them an immersive experience," the insurer...
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This report is well documented to present crucial analytical review affecting the Global Whole Life Insurance market amidst COVID-19 outrage. In the light of the lingering COVID-19 pandemic, this mindfully drafted research offering is in complete sync with the current ongoing market developments as well as challenges that together render tangible influence upon the holistic growth trajectory of the Whole Life Insurance market. The aim of the report is to equip relevant players in deciphering essential cues about the various real-time market based developments, also drawing significant references from historical data, to eventually present a highly effective market forecast even amidst an...
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In the Union Territory of Jammu and Kashmir, the Administrative Council which met in Srinagar under the chairmanship of Lieutenant Governor G C Murmu approved life insurance cover of Rs 25 lakh to all elected Block Development Council Chairmen, Sarpanchs, Panchs and all elected members of Municipal Bodies of Jammu and Kashmir in case of death occurs due to terror related incident. The decision aims at strengthening grass roots democracy by providing a sense of security to the elected members of local bodies who are under constant threat from terrorists. The life insurance cover will act as a guarantee for the subsistence of the family members of the elected representatives who die in terror...
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Is murder or suicide covered in insurance policies? Here are the exceptions Accidental deaths during adventure sports like skydiving, paragliding, bungee jumping, among others are not covered by insurance policies. Death caused due to a natural disaster or act of God like an earthquake or floods, are also typically not covered The concept of life insurance is simple. The policyholder pays a premium each year and when he dies, the family receives the claim amount. But, what if the policyholder is murdered? Surely it adds to the complications in the claims settlement process. Delhi-based Narendra Singh (name changed) was going home in a cab when he had a heated argument with the cab driver....
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Elected public representatives in Jammu and Kashmir, including panches, sarpanches, block development committee (BDC) chairmen and members of municipal bodies, will now get a life insurance cover of Rs 25 lakh in case of death due to a militancy related incident. An official statement said, "The administrative council, which met under the chairmanship of Lieutenant Governor G C Murmu, approved life insurance cover of Rs 25 lakh for all elected BDC chairmen, sarpanches, panches and elected members of municipal bodies in Jammu and Kashmir in case of death due to a militancy related incident. "The decision aims at strengthening grassroots democracy by providing a sense of security to the...
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BSE EBIX Beta Launches Life Insurance on its On-Demand Hi-Tech Platform Mumbai, July 13, 2020: BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of Life insurance on its state-of-the-art hi-tech platform by enrolling two of India’s leading Life Insurance Companies, namely - Aditya Birla Sun Life Insurance Co Ltd & Bajaj Allianz Life Insurance Co Ltd. With this launch, BSE Ebix - a high-tech venture of BSE and a subsidiary of Ebix Inc. (NASDAQ: EBIX), now has the ability to handle insurance sales across the three key insurance verticals of Life, Health and Auto insurance; using its omnichannel digital...
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Axis Bank’s Max Life deal hits Irdai wall 3 min read . Updated: 26 Jun 2020, 05:35 AM IST Anirudh Laskar On 28 April, Axis Bank had announced an agreement to raise its stake in Max Life to 30% from 1% for ₹ 1,592 crore The share purchase, at an agreed price of ₹ ₹ 28.61 per share, will involve Axis Bank purchasing 29% in Max Life from Max Financial which, combined with its existing 1% stake In a letter to Axis Bank and Max Life, the insurance industry regulator, Insurance Regulatory and Development Authority of India (Irdai), has sought a number of clarifications on the clauses in the JV agreement. Two persons directly aware of the development confirmed this. A Max Financial Services...
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This high-end research comprehension on the Global Straight Life Insurance Market renders major impetus on detailed growth facets, in terms of product section, payment and transaction platforms, further incorporating service portfolio, applications, as well as a specific compilation on technological interventions that facilitate ideal growth potential of the market. The report is so designed as to direct concrete headways in identifying and deciphering each of the market dimensions to evaluate logical derivatives which have the potential to set the growth course in the aforementioned Straight Life Insurance market. Besides presenting notable insights on market factors comprising above...
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