The MarketWatch News Department was not involved in the creation of this content. May 28, 2020 (The Expresswire) -- Global “ Europe Child Life Insurance Industry Market Research Report Market ” analysis 2020 covers the entire supply chain, focusing on supply, demand, trade and prices by country and also provide five-year forecasts for these same market fundamentals. The competitive force is likely to raise in the near future.Europe Child Life Insurance Industry Market Research Report market is expected to keep experiencing a greater level of competition with a growing number of players focusing on securing a larger market share. Under COVID-19 Outbreak, how the Europe Child Life Insurance...
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Bringing Affordable Life and Health Insurance to Low-Income Earners in Sri Lanka COLOMBO, Sri Lanka, May 28, 2020 /3BL Media/ – Sri Lankan insurance provider Softlogic Life has joined Business Call to Action with a commitment to provide access to life and medical insurance policies for millions of low-income earners and livelihood opportunities to 3,000 more as distributors of insurance, by 2024. Launched in 2008, BCtA aims to accelerate progress towards the Sustainable Development Goals (SDGs) by challenging companies to develop inclusive business models that engage people with less than US$10 per day in purchasing power as consumers, producers, suppliers and distributors. It is...
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A life insurance policy is one of the most crucial purchases you can make in your adult life. An inclusive insurance policy offers multiple benefits acts as a support system and leaves you and your family stress-free from unforeseen future events. The ideal policy plan should have you covered from all fronts and keep you and your family safe in the face of a critical medical emergency, and/or unexpected and unfortunate death. Such an insurance policy is crucial for all our lives no matter where we live or what we do. Hence, several companies now offer life insurance with different premium rates and varying levels of coverage. Consequently, it has now become a source of confusion for the...
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Retire That Policy? FOR MOST PEOPLE, life insurance is purchased to protect their income in the event of an unexpected death. If you’re 35 years old, you potentially have 30 or more years of future earnings that your family would lose if you passed away, so having life insurance during these working years makes sense. But what happens once you reach retirement? Before canceling your policy, it’s important to assess your situation, because keeping the coverage might be the better choice. If you have a term life insurance policy, the key question you should ask at retirement is, “Will anyone suffer financially if I pass away today or in the future?” Even though you’re no longer working...
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Max Life Insurance, the country’s fourth-largest private life insurer, is seeing green shoots in despite the Coronavirus (COVID-19) outbreak. The green shoots are thanks to the insurance sales through bank branches. In an interaction with Moneycontrol, V Viswanand, Deputy Managing Director, Max Life Insurance said customer walk-ins at the bank branches have resumed. “From the last week of April, we have seen customers walking into the bank branches for sales. This is true for both our bancassurance partners Axis Bank and Yes Bank, though Axis Bank has seen a higher share of customers,” he added. For Max Life, Axis Bank contributes 55 percent of the business (as per 9MFY20 data) while the...
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Can You Buy Life Insurance For Someone Else? 26 January 2017 Life insurance can provide your family with financial protection if should the worst happen to you. But what happens when the circumstances are reversed? If you rely on a family member financially, is it possible to buy an individual life policy for them that protects you? In most cases, it's only possible to buy life insurance for your spouse or civil partner, although you may be able to do so for someone else by proving that an 'insurable interest' exists on your part were this individual to pass away. In simple terms, this means reasonably demonstrating that you would struggle financially if the insured person were to die. What...
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Customers will no longer need to visit insurance offices or meet agents to submit necessary documents (Photo: iStock) Now, buy insurance policies using eKYC. List of companies who will accept it 2 min read . Updated: 25 Apr 2020, 03:29 PM IST Written By Anulekha Ray Irdai's recent move will commence a truly paperless regime for insurance companies eKYC or Digital KYC is a paperless Aadhaar-based process for fulfilling your KYC requirements Irdai's recent move will commence a truly paperless regime for insurance companies. "It will assist the industry to restart the process of paperless KYC for their online customer on-boarding journeys," said Kayzad Hiramanek, EVP-Customer Service &...
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COVID-19: 5,000 frontline health workers to receive life insurance cover - Health workers battling coronavirus will receive life insurance cover according to the FG - Also, the FG said various incentives have been made available to them - According to the FG, this is done as part of its commitment towards the frontline workers The Presidential Task Force (PTF) says 5,000 frontline health workers responding to the Novel Coronavirus (COVID19), pandemic outbreak in the country will receive life insurance cover. Boss Mustapha, the secretary to the government of the Federation and PTF chairman on COVID-19, said this at the PTF daily briefing on COVID19 on Friday in Abuja. Mustapha said N112, 500...
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Boss Mustapha, secretary to the government of the federation (SGF), says the government has signed a memorandum of understanding (MoU) for various allowances for health workers fighting COVID-19. Osagie Ehanire, minister of health, had earlier said he was not aware if medical doctors and other health practitioners managing COVID-19 patients in Nigeria are paid any hazard allowance. But at a briefing on Friday, Mustapha who chairs the presidential task force on COVID-19, said his committee has also received a life insurance cover for 5,000 health workers on the frontline. “Today the welfare of our frontline heroes, the health workers, came to the front burner. I am pleased to inform you...
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PNB MetLife Whole Life Wealth Plan PNB MetLife is one of the leading insurance providers in India who offers outstanding products to cater to various insurance needs of its customers. the company offers a wide range of insurance products ranging from traditional to unit-linked all designed to satisfy insurance needs at various stages of life. PNB Whole Life Wealth Plan is the best plan for wealth creation. Let us understand the features and benefits of this plan in detail. PNB MetLife Whole Life Wealth Plan at a glance This insurance product is designed for customers who have a goal of wealth creation. The plan is a unit-linked, a non-participating life insurance plan that offers...
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