Ravi Kumar thought he had his life sorted. By 2019, his younger sister was married, his parents were settled in Bengaluru, and he was well ensconced in a banking career in Mumbai, happy with his compact family of wife and two young kids. An apartment in Mumbai, a decent corpus in FDs, some investments in equity and gold were enough to tide him over the future. Till 2020 began and life showed up its uncertainties in full force. Ravi still holds a job, but the shadow of a furlough looms. He needs to bolster the savings he has been putting aside for his kids' education and marriage in view of the 'New Normal' that is emerging. He has never been worried about his own health but the pandemic has...
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A cost-effective way to protect against future medical requirements and beat medical inflation could be going for a super top-up health insurance policy. The ongoing Covid-19 pandemic has reinforced the absolute criticality of having health insurance protection for your family. Serious medical emergencies of any kind at a time of skyrocketing hospitalisation expenses can easily ruin our finances – something that can be avoided with adequate medical insurance cover for ourselves and our dependent family members. However, one might never be sure how much coverage could be considered “adequate”, especially in the long term. What seems “adequate” today may be insufficient after a few years, and...
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IRDAI has allowed the option of authenticating the proposals for life insurance through electronic means, in place of a physical signature. Buying a term insurance plan has become much easier now. While buying term plans online is already possible from the website of life insurers, one can also buy life coverage from insurance agents and intermediaries such as banks, corporate agents etc. But, if moving out and having physical interaction with agents is proving difficult in these times of pandemic, the insurance regulator IRDAI has come up with a solution. Now, one can buy a term insurance plan from his friendly neighbourhood insurance agent sitting at home. The filling up of the...
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Job Description Calling all life insurance agents who are self-motivated and want a career opportunity in the final expense industry At Senior Life Insurance Company, we are seeking life insurance agents to join our team! Full time openings are available for self-motivated licensed life insurance agents to sell our final expense products to the growing senior market. Senior Life Insurance Company is growing at a rapid pace. Every day people call interested in the products that we provide to them during the most difficult time of their lives. We focus on providing people with final expense services to help them with peace of mind when a loved one has passed. We provide the following...
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Virginians encouraged to use free life insurance policy locator tool Published Wednesday, Jul. 8, 2020, 6:28 am Since 2017, a free life insurance service has helped 2,127 Virginians recover more than $29.9 million pledged to them through life insurance policies and annuity contracts. The State Corporation Commission Bureau of Insurance encourages any Virginian in search of lost or misplaced life insurance policies or annuity contracts to take advantage of the free Life Insurance Policy Locator, which is offered by the National Association of Insurance Commissioners. “Using secure technology, the service enables consumers to obtain money that is rightfully theirs via life insurance and...
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The recent research report on the global Term Life Insurance market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market. The report offers an extensive analysis of key drivers, leading market players, key segments, and regions. Besides this, the experts have deeply studied different geographical areas and presented a competitive scenario to assist new entrants, leading market players, and investors determine emerging economies. These insights offered in the report would benefit market players to formulate strategies for the future and gain a strong position in the global market. Our...
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How has COVID-19 impacted the disability and life insurance industry? The impact the virus has had on the insurance industry, which usually moves at a glacial pace, has been astonishing and compassionate. For premium payments, all life and disability policies have a 30-day grace period – from when premiums are due to when they need to be paid. These have all been extended by at least 60 days for a total of 90. The procedure to obtain the extension differs by company but is very easy and accessible. In regards to underwriting, the process by which insurance policies are approved, the amounts have been increased substantially for both disability and life insurance to obtain coverage...
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FREQUENTLY ASKED QUESTIONS Obtaining a life insurance illustration is free and easy. This is especially true for level term life insurance, which does not require anything but some basic information in order to quote a premium amount. A full illustration for other types of life insurance ( whole life, universal life, or variable universal life ) can only be run by a life insurance company, and this is usually provided by the agent. Obtaining a quote from Life Ant for a term life insurance policy takes less than 5 minutes. Start by entering your zip code in the quote tool above. After learning your area, some basic information about yourself such as your age and marital status is all...
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Life is full of responsibilities. You have people who count on you; your spouse, children, relatives, business partners. It is important to make sure that they are protected if the unexpected happens. Protection against unforeseen expenses and the loss of income can help your family maintain their lifestyle or keep your business going during a tough time. That’s where term life insurance can come in. A term life policy covers the policyholder for a specific period of time, called the term. As with any life insurance policy, the main reason to buy term life insurance is to protect the people who depend on you financially, should the unthinkable happen. If the policyholder passes away...
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Applying for Life Insurance If there is one hard and fast rule when it comes to applying for Life Insurance, it’s this: “Honesty is the best policy.” You may or may not have to take an actual medical exam when you apply for life insurance, but you will certainly be asked medical questions as part of the life insurance application process. If an examination is required you will still be asked to fill out a medical questionnaire as part of your life insurance application. You may be tempted to “fudge” some of your answers to health questions when applying for a life insurance policy in an attempt to obtain a lower monthly premium. This is a very bad idea according to life insurance...
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