5 Tips to Cross Sell Life Insurance to Clients Life insurance can make a big difference to your clients and their family members. They want to buy from someone they know, so make sure you ask. If you don’t, someone else will. According to LIMRA, 36% of consumers say they plan to buy life insurance within the next 12 months. Without the proper amount of life insurance, households can suffer a large financial impact from the loss of a primary wage earner. The emotional trauma of the loss of a loved one is more than enough to cope with. Cross-selling life insurance is also great for your business. Your agency could see increased client retention and increased revenue. As you already know,...
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In today’s tight labor market, finding and retaining key employees is a top concern for many companies. A good benefits package can help with recruiting and encourage your critical executives to stay on board. Offering a 401(k) plan, robust health insurance, employee stock ownership plans, and life insurance options is crucial to creating a competitive benefits package. To be able to offer appealing life insurance policies to a group of top executives, the employer can fund the policies as part of the benefits package. However, structuring these multi-participant arrangements can be complex on a large scale, especially when the policies are underwritten by multiple life insurance carriers....
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Finding and keeping great employees has become a challenge in recent years. One way to keep employee turn over low is to offer great employee benefits such as life insurance. While some view this as an old-fashioned offering for employees, it’s still a valuable benefit you can give your staff. Let’s take a look at some of the reasons this can be a great investment for your employees: 1). Insurance policies are inexpensive and easy to purchase: group life insurance is cheaper than buying an individual policy. The reason is because a group life policy carries fewer risks for the insurance company when it’s covering a number of people with the same policy. And it’s easy for the business to buy...
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National Critical Illness Policy National Critical Illness policy is a distinctive policy offered by the National Insurance Company which helps in covering the expenses that are involved in the treatment of any of the specified critical illnesses. The National Insurance Company is the oldest non-life insurance company and was founded in Kolkata. The National Insurance Company has a workforce of around 13,000 employees and more than 50,000 agents. It has around 1,730 offices and offers around more than 300 insurance products to its clients. By the National Critical Illness policy, a policyholder can obtain a lump sum on being diagnosed with the specified critical illness and the policy...
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State-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI). Following the merger of Oriental Bank of Commerce on April 1 with PNB, 23 per cent of stake of the former in Canara HSBC OBC Life Insurance stands transferred to latter. Already, PNB is a promoter of PNB Metlife Insurance with the highest stake of 30 per cent since 2012. Founded in 2001, PNB Metlife's other shareholders include US-based Metlife with 26 per cent, Elpro (21 per cent) and M Pallonji & Company (18 per cent). "At this point of time there is no compulsion to exit. We have spoken to Irdai...
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Get the life insurance now by recharging your Airtel prepaid number Updated: Apr 13,2020 10:33 IST Airtel provides Life insurance Airtel has recently announced that some of its prepaid plans would provide life insurance. The offer may not appear enticing enough at first glance. Nevertheless, it offers the customer Bharti Axa General Insurance or HDFC Life a life insurance policy of up to Rs. 4 Lakh. When you look at the market, Vodafone or Reliance Jio give you none of the sort. Apparently, only two of the prepaid policies are life insurance provided by Bharti Airtel. The price of these plans is Rs 179 and Rs 279. While Rs. 179 provides 2 GB of 4 G data for the entire month, Rs. 279...
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NEW DELHI: Private sector life insurer Max Life Insurance on Monday said Yes Bank has extended the bancassurance partnership for next 5 years. Under the partnership, the products of the life insurer would be sold through the branches of Yes Bank. Building on the 15-year partnership, the two firms remain committed to offering their customers a broad range of need-based products and services, deploying technology across the customer value chain to further enhance efficiencies and leveraging existing ecosystems to facilitate superior experiences for their customers, the insurer said. Max Life CEO Prashant Tripathy said that to commemorate the extension of the partnership for another 5 years,...
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Private sector life insurer Max Life Insurance on Monday said Yes Bank has extended the bancassurance partnership for next 5 years. Under the partnership, the products of the life insurer would be sold through the branches of Yes Bank. Building on the 15-year partnership, the two firms remain committed to offering their customers a broad range of need-based products and services, deploying technology across the customer value chain to further enhance efficiencies and leveraging existing ecosystems to facilitate superior experiences for their customers, the insurer said. To commemorate the extension of the partnership for another 5 years, the companies will dedicate the current financial...
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Airtel recently announced that it will be offering life insurance with some of its prepaid plans. At first glance, the offer might not seem attractive enough. But the company is giving away a life insurance cover of up to Rs. 4 Lakh for the user from Bharti Axa General Insurance or HDFC Life. When looking at the competition, one will realise nothing of sorts is offered by Vodafone or Reliance Jio. Currently, Bharti Airtel is offering life insurance cover only on two of its prepaid plans. These plans are priced at Rs 179 and Rs 279. Both the prepaid plans come with 28 days of validity. While Rs. 179 plan offers 2GB of 4G data for the whole month, the Rs. 279 plan brings 1.5GB data per day....
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Educate Your Employees on the Importance of Life Insurance Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. Life insurance can be an invaluable benefit should tragedy strike one of your employees. As an employer, you are well-positioned to educate employees on the importance of this coverage. What’s in it for you? Educating employees about life insurance can yield higher enrollment, greater appreciation for your benefits package and increased loyalty to the company. Many employees are not financially savvy, but are interested in learning. Financial education from their employer can foster a stronger company-employee...
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