Life Insurance Roundup, April 29, 2016

When Should You Make Your Spouse Get Life Insurance? Patch…

If you happen to live in a film noir movie, or you’re a character in a certain vintage of mystery novel, you should be extremely suspicious when your spouse insists on purchasing a generous life insurance policy. This goes double if it comes on the heels of making plans (also suggested by your spouse) for your first-ever skydiving excursion, or an exploratory tour of an active volcano. 

Unemployed EPFO Members Get Life Insurance Reprieve – The Quint

The government has decided to continue providing life insurance to people who lost their jobs as long as they get employed in three years,reports The Hindustan Times. 

Allianz Life Insurance to cut 17 % of workforce via voluntary retirement program – Pulse by Maeil Business News Korea

Allianz Life Insurance Korea Co., recently acquired by China’s Anbang Insurance Group, is set to let go about 200 employees through a voluntary retirement program as part of its downsizing effort after it posted a loss last year.  

Amendments to the Regulations Governing Non-Life Insurance Enterprises Engaging in Injury Insurance and Health Insurance – Lexology

To specify the scope of underwriting injury insurance for non-life insurance enterprises, the Financial Supervisory Commission (FSC) amended the “Regulations Governing Non-Life Insurance Enterprises Engaging in Injury Insurance and Health Insurance”, per the letter Ref. No. Jin-Guan-Bao-Cai-Chan No. 10402527031 dated 31 December 2015. 

Exide Life Insurance Announces Launch of Exide Life Income : PTI feed, News – India Today

Exide Life Insurance Announces Launch of Exide Life Income Advantage Plan A unique savings cum insurance plan which works to your advantage by providing you regular guaranteed income and life insurance cover. 

Millions in life insurance benefits owed to Californians

Officials in California have now said that thousands of people across the state are owed millions of dollars in life insurance benefits – sometimes in amounts that are greater than $100,000 – and that many of these individuals have no idea that this money is owed to them. 

‘Fresh upgrade cycle to start for specific sectors’ | Business Line

With Indian markets wobbling again after a fantastic run since March, Prashant Sharma, Chief Investment Officer of Aviva Life Insurance, expects equities to witness volatility in the short-term due to earnings downgrades and global growth concerns. 

Old insurance policies costing customers | SBS News

Customers are being slugged with higher fees for life insurance as companies struggle to administer outdated and sometimes ineffective cover, the Australian corporate regulator says. 


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