Life Insurance Roundup, July 19, 2016


ICICI Prudential Life Insurance files DRHP for Rs 5,000-crore IPO – The Economic Times

NEW DELHI: ICICI BankBSE 2.11 % has filed draft red herring prospectus (DRHP) with Sebi for an initial public offer (IPO), worth up to Rs 5,000 crore.


Life insurance industry logs 33% growth in first quarter | Business Standard News

The 24-member Indian industry closed the first quarter of the current fiscal with a new business premium of Rs 31,392.55 crore, logging a growth of 33.2%, the Life Insurance Council of India said. 


Credit life insurance provides a safety net for borrowers, Business, Phnom Penh Post

More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their families from the burden of these debts in the event of death or disability. 


Cash Value Life Insurance: The Best Financial Safe Haven

I had thought that Treasury bonds were supposed to be the gold standard for investment safety.  The financial safe haven to the world.


IndiaFirst Life Insurance partners Nainital Bank – Times of India

Mumbai, Jul 18 () IndiaFirst Life Insurance today announced a partnership with Nainital Bank for distribution of its products. 


The Hartford Integrates Dental, Vision Coverage With Its Disability, Life Insurance For Small Businesses

The Hartford has integrated dental and vision coverage with its group disability and life insurance enabling brokers to create comprehensive benefits packages for small businesses with fewer than 50 employees. 


Long-term care insurance a new necessity: Taiwan Life Insurance – The China Post

Taiwan Life Insurance Co. has suggested that long-term care insurance may be necessary for everyone given the current aging population and low fertility rates. 


Insurance investment to ensure elderly life | Shanghai Daily

Taikang Life Insurance Co today launched an elderly-care community in Shanghai as China encouraging private investment into the elderly healthcare sector. 


Implications of Decreasing Salesperson: Major Korean Insurers’ Presence Declining Along with That of Insurance Salespersons | BusinessKorea

he Korea Insurance Research Institute said on July 17 that the ratio of insurance sales by insurance salespersons in South Korean life insurance companies dropped from 39.7% to 19.5% between 2008 and last year. 


Max Life Insurance launches ‘Max Life Cancer Insurance Plan’

Max Life Insurance today announced the launch of its new product -‘Max Life Cancer Insurance Plan’– a protection plan that is designed to provide financial assistance across all stages of cancer. 


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 | Stuff.co.nz

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. 


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