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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This high-end research comprehension on the Global Non-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 Non-life Insurance market. Besides presenting notable insights on market factors comprising above determinants,...
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: Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has launched a one-of-its-kind insurance plan called ABSLI Child’s Future Assured aims at assured returns combined with protection, to financially secure a child’s future milestones. This child plan offers guaranteed returns and is a non-linked non-participating life insurance plan. ABSLI Child’s Future Assured Plan enables you to plan for child’s two significant milestones – education & marriage by providing the required cash flow to help you meet your goals for your child’s future. It has an in-built Waiver of Premium element that ensures that the policy continues in...
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The MarketWatch News Department was not involved in the creation of this content. Jun 17, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Global “ Life Insurance Software Market ” research report offers qualitative and quantitative insights in relation to the industry growth rate, market segmentation, and revenue. The current trends that are expected to influence the future prospects of the Life Insurance Software market are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. The report offers...
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