Life Insurance Roundup, July 18, 2016

Readers’ Corner: Life Insurance | Business Standard News

My wife and I both want to buy term plans. Should we buy a joint life policy or separate ones? 

IC seeks lower tax on non-life insurance | The Manila Times Online

Insurance regulators said they are pushing for tax reform in the 17th Congress for the benefit of the non-life insurance industry to promote further growth in the sector. 

Lifting public confidence in insurance after ‘heart attack’ wording scandal |

It’s an industry that knows it has a trust deficit, so news that policies are being sold here with overly restrictive heart attack definitions phased out in Australia isn’t welcome. 

Private players struggle to catch up with LIC in group business | Business Standard News

A conservative investment approach and stranglehold on public sector business have allowed the state giant to stay far ahead in this segment. 

India-bound UK NRIs invest big in transferable pensions – The Economic Times

MUMBAI: Indians living in Britain who intend to return home have been pouring funds into Qualified Recognised Overseas Pension Scheme, which allows taxfree transfer of UK pension fund to any other country.

Insurance exchanges that benefit policyholders

In my previous article I discussed the benefits of tax-free exchanges under Section 1035 of the revenue code. 

Do you want low but guaranteed returns? – Livemint

You wish to buy a house in, say, a couple of years, so you want to start putting some money away. Where will you invest? 

Strength of Nikkei Resurgence Will Depend on Japan Stimulus Plans – WSJ

Markets expect a doubling down on “Abenomics,” which has aimed to stoke Japan’s economy through fiscal and monetary stimulus. 

Thai Samsung targets high growth – The Nation

THAI SAMSUNG Life Insurance aims for aggressive growth, following major investment in building up a network of agents and it hopes to break even soon, deputy chief executive officer Banyong Narasavat said. 

After big losses in downtown Omaha tenants, signs of a ‘makeover’ | Money |

Chunks of office space for years sat idle in downtown Omaha’s old Grain Exchange building at 19th and Harney Streets before the owner restructured, dropped rent and quickly filled two floors with more than 50 budding entrepreneurs, inventors and startup companies. 

Choose the right insurance policies

Advantage of purchasing a protection plan is that it is cost-effective and offers a high life insurance coverage. 

Israel Hayom | Israel is your home

When we were planning our family vacation in Nice, we were looking forward to enjoying the sea and sun and to spending our time playing soccer and cycling along the beautiful lanes of the city known as the jewel of the French Riviera. 

What’s 40 years among friends?

In 2012, I was one of the most popular guys in Knoxville. In 2014, that honor, long-since yanked from me, was bestowed upon my next-younger brother, Rick. 

Life insurance benefit for Russian lawmakers raised 2.5-fold – report — RT Russian politics

Benefit payments in state-sponsored life insurance for Russian State Duma MPs have been increased 2.5 times, reaching almost 1 million rubles (US$15,800) for an ordinary MP, a popular daily reported, citing the official government tender website. 

Life insurance isn’t taboo. It’s a creative tool – The Globe and Mail

Trust is not easily earned these days. There’s no place where this is more true than in the financial services industry. Take banks, for example. 

Unclaimed Life Insurance Benefits

CHICAGO Beneficiaries of unclaimed life insurance policies already have received billions of dollars – and others could be in store for some unexpected cash. 

Kansas City Life Insurance Company Changes Auditors

Kansas City Life Insurance Company (the “Company”) (OTCQX: KCLI) announced today that it has engaged BKD, LLP (“BKD”) as its independent auditor for 2016. BKD will replace the Company’s previous independent auditors, KPMG LLP (“KPMG”). 

ICICI Pru Life to file for Rs 4,700-cr IPO next week | Business Standard News

ICICI Prudential Life Insurance is to file for an initial public offering (IPO) of shares with the regulatory authorities as early as next week, said three people with knowledge of the development.  

No more procrastination of claim payments : IRDAI-directive to life insurance companies


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