Photo: iStock KEY HIGHLIGHTS your travel insurance plan should cover medical expenses incurred abroad due to hospitalization due to illness, sickness or disease. A host of other benefits, including Personal Accident, Loss of Passport, trip cancellation/delay, delay of checked baggage, Home Burglary Insurance and others, are also offered. Worldwide protection, easy claims settlement, single/multi-trip and … Read more
New York, USA, April 13, 2022 (GLOBE NEWSWIRE) — A new report on the global home insurance market has been added by Research Dive to its repository. According to the report, the global market is expected to hit $4,07,940.4 million by 2028rising at a CAGR of 6.8% from 2021 to 2028. This report is an … Read more
In India, the breadwinner of the family usually purchases a life insurance cover for himself. Most homemakers remain uninsured. However, things are beginning to change now. A recent online survey of 5,000 respondents conducted by Policybazaar in April 2022 found that around 15 per cent of the active policies are independent term plans meant … Read more
The Federal Employees’ Group Life Insurance program, established in 1954, is the largest group life insurance program in the world, covering over 4 million federal employees and retirees, as well as many of their family members. But it wasn’t the first life insurance coverage offered to civilian federal employees. That honor goes to what was … Read more
FORT MYERS, Fla., May 17, 2022 (GLOBE NEWSWIRE) — Pendella Technologies, a fast-growing technology company on a mission to take the bias out of life insurance, and HR services provider SpiritHR will partner to expand the availability of life insurance to employees nationwide. The partnership enables SpiritHR to integrate Pendella’s white-labeled technology platform into its … Read more
FORT MYERS, Fla., May 17, 2022 (GLOBE NEWSWIRE) — Pendella Technologies, a fast-growing technology company on a mission to take the bias out of life insurance, and HR services provider SpiritHR will partner to expand the availability of life insurance to employees nationwide. The partnership enables SpiritHR to integrate Pendella’s white-labeled technology platform into its … Read more
It’s pronounced “on-you.” Onuu, a startup banking, credit and life insurance platform founded in September, is preparing to launch this summer with a mission to serve 166 million Americans of modest means who may be excluded from traditional insurance and financial services. Asked why “on you,” co-founder and CEO Felix Ortiz says the name stands … Read more
MD & CEO Sanjiv Chadha says business is ‘fairly mature’ Bank of Baroda (BoB) is planning to monetize its life insurance subsidiary – IndiaFirst Life Insurance Co. Ltd. (IFLIC) – via the initial public offer route (IPO) in FY23 as its business is “fairly mature”. BoB had upped its stake in IFLIC from 44 per … Read more
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has strongly recommended the Punjab government to restore historically available exemption from sales tax on life insurance, health insurance and reinsurance services from July 1, 2022. For the first time, the SECP has drafted budget proposals (2022-23) for the provincial governments to facilitate different sectors and … Read more
Life insurance companies have so far received 2,18,084 COVID claims amounting to Rs 16921.70 crores, according to data provided to Business Today by Life Insurance Council, an umbrella body of life insurers. Insurers say the death claims rose drastically in 2021 amid deaths during the second COVID-19 wave. “During the 2nd wave, all insurance companies … Read more