Life Insurance Roundup, June 22, 2016

Bank of India sells 18% stake in life insurance venture Star Union Dai-Ichi – The Economic Times

MUMBAI: PSU lender Bank of India has sold 18% stake in its life insurance venture Star Union Dai-Ichi Life insurance to Japan’s largest life insurer Dai-Ichi, the lender informed in an exchange filing. The value of the transaction was not revealed by the state-run lender.

How a Financial Advisor Can Guide Clients’ Life Insurance Decisions – NerdWallet

Life insurance seems straightforward enough on the surface — a policyholder makes premium payments so that beneficiaries will receive a lump-sum death benefit upon the policyholder’s death, thereby ensuring family and other heirs will be taken care of. 

We are open to acquisitions on general life insurance, life insurance: Sam Ghosh, Reliance Capital – The Economic Times

We are open to acquisition, says Sam Ghosh , ED & Group CEO, Reliance Capital. In an interview to ET Now , Ghosh says that on the life side, his firm is in the process of trying for some tie ups. Edited excerpts: 

Free life insurance coverage for NSFs, NSmen | TODAYonline

Free life and personal accident insurance coverage will be provided for all full-time national servicemen (NSFs) and operationally-ready national servicemen (NSmen) from next month, as part of efforts to better recognise the contributions of national servicemen. 

A child life insurance plan is essentially an investment plan – Livemint

There are two types of cost of living riders. One is a benefit to account for inflation and the need to replace higher income. Several life insurance products factor this in by having an increasing sum assured with age. 

Does it make sense to go for single premium life insurance plans? | The Financial Express

While in a single premium, you are eligible for one-time tax benefit because of the nature of the premium, however, in a regular premium policy, you can avail tax benefits every year till the time of the maturity of the policy. 

Why One Should Buy Life Insurance In Their Twenties -Naval Goel – BW Businessworld

Insurance companies prefer younger and fitter subscribers to their life insurance policies. This implies that their subscribers have a lower risk of dying and therefore, payment before lapse of the term is also less probable. 

District Court deems life insurance money a statutory trust – Newsletters – International Law Office

In Yip Wai Fan (Minor) v Yip Tsz Bun the Hong Kong District Court addressed the issue of whether money to be paid out to a beneficiary under a life insurance policy is considered to be held on trust by the administrators of the deceased’s estate. 

SBI Life launches HNI focused plan | Business Standard News

Private life insurer SBI Life Insurance on Monday announced the launch of a high net-worth individual (HNI)-focused life insurance plan called ‘SBI Life-Smart Privilege’. 

THE HIGH COST OF LIVING LONGER Industry adjusts to loss of long-term care insurance sales | LVB

Fewer companies are selling long-term care insurance policies in Pennsylvania. Despite a waning appetite from consumers concerned about rising rates, the industry is evolving to keep pace with demand for coverage. 

Cards-N-Time: Life Insurance – News – The Shawnee News-Star – Shawnee, OK

Met Life is the largest U.S. life insurer with 12 million customers and $2.5 trillion in policies written. In their latest 10-Q report to the S.E.C., they list about $900 billion in assets. 


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