Global Private Placement Life Insurance (PPLI) Market by Current Industry Status

Privately placed life insurance (PPLI) is generally structured and described as a variable universal life insurance policy. In PPLI, premiums are flexible. The holders of insurance policy can pay any amount of their choice as premium at the time of their ease. From the cash value in the policy su...

EX-IRDAI CHAIRMAN SEES SCOPE OF INDIAN INSURANCE SECTOR TRANSFORMATION

HIGHLIGHTS

• Former IRDAI Chairman Subhash Chandra Khuntia believes that Indian insurance sector on the cusp of a transformation.
• Mr. Khuntia believes that demography of India, relatively low insurance penetration, and the potential for high economic gr...

DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

AUSTRALIA’S INSURANCE REGULATOR PROPOSED EXPOSURE LIMITS OF LIFE INSURERS TO OFFSHORE REINSURERS

Highlights:

• The insurance regulatory body of Australia proposed exposure limits of the life insurers to the offshore re-insurers
• The APRA said that, it had been starting a consultation period for setting a standard
• The APRA is also planning...

POLICYBAZAAR RAISES USD 75 MILLION

HIGHLIGHTS

• Policybazaar has raised US $ 75 million.
• SoftBank backs Policybazaar.
• Policybazaar is planning to expand its presence in UAE and Middle East.

Planning to expand its presence in UAE and Middle East, Indian insura...

NGO REVEALS JAPANESE LIFE INSURERS DO NOT EXTEND LOANS TO NUCLEAR WEAPON COMPANIES

Highlights –

• NGO reveals Japanese life insurers do not extend loans to nuclear weapon companies.
• Four major Japanese life insurers do not invest or give out loans to producers of such companies.
• Nippon Life Insurance Co., Dai-ichi Lif...

SAMSUNG AFFILIATES REJOINDER TO GO GREEN AND ABJURE COAL-POWER BUSINESSES

• Financial subsidiaries of South Korea’s largest multinational Samsung Group announced Thursday that they would put an end to investment projects linked to coal-power businesses as part of their goal to run operations in an environmentally mature and responsible manner.
• Sa...

SAMSUNG SHARES SOAR WITH LOOMING HEIR APPARENT ISSUE FOLLOWING GROUP LEADER’S DEATH

• Shares in Samsung Group's key subsidiaries ranked higher Monday on expectations that they may trade with more dividend payouts to help the late Samsung chief's offspring secure funds to pay record high inheritance taxes.
• Samsung Group chief Lee Kun-hee passed away Sunda...

SURVEY REPORTS HALF PEOPLE IN JAPAN FEEL HEALTHIER NOW DUE TO COVID-19 OUTBREAK

Highlights –

• Survey reports half people in Japan feel healthier now due to COVID-19 outbreak.
• The survey was done by a private establishment.
• Around 5,640 had responded to the survey.
• People have mentioned having had impro...

AXA CHINA BUSINESS TO TRANSFORM INTO REINSURANCE

Highlights:

• AXA XL’s Chinese subsidiary has received approval to transform its business license from insurance to reinsurance.
• The new entity will be entitled XL Reinsurance (China) Company Limited (AXA XL Re China) and it will provide non-life ...

HANWHA ASSET MANAGEMENT TO RECAPITALIZE BY SELLING NEW SHARES

Highlights –

• Asset Management Company allocate new shares to its parent unit
• Hanwha Life Insurance rose 0.93 percent
• The asset management company is planning for global expansion

South Korea’s Hanwha Asset Man...

Industries EU budget expectations 2020-21

The Life Insurance Council shall lead the lobbying campaign before the Regulator, Govt, on behalf of the industry.

Snapmint, Mr. Nalin Agrawal, Founder and CEO The e-commerce industry in smaller cities across India is seeing a rise in sales, thanks to greater penetration of affordable m...

Why are women being missed out by the insurance companies?

When a country is visionary and has a generally modern mindset then great personalities and leaderships rise from that nation. When a country understands the meaning of women empowerment and equal rights of women then it can pursue excellence in every field of life. Women are no less than men if ...

Airtel proposes prepaid plan worth Rs 179 beside life insurance worth Rs 2 lakh

There are certain products that people do not know. The general public is not aware of the benefits that these particular products have for them. They are made to realize their importance and significance in life. Such a product is Insurance. Insurance could be of anything. There are insurances a...

South Korea's non-life insurers are expected to raise the auto policy rate

Life Insurance offers top-level quality and quantity summary information in the South Korea industry profile, including market share, market size (2013-2017 value and 2022 forecast). The profile also identifies key players including key financial metrics and review of industry competitive pressur...

Opportunities for Life Insurance for Millennials

Buying an insurance package gives mental satisfaction to the owner of that thing and can use the thing more easily; without about all the risks that are associated with that thing that could be a car or a house or even your life.

There are certain products that people do not know. The g...

Is it possible to get life insurance for NRIs while they are in India?

Life insurance is among the most renowned and established financial facilities in which individuals participate when referring to the lives of the Indians. It is important to note that if you invest in life insurance, it's not only Indian residents who can see the significance. Non-resident I...

Is it possible for NRIs to acquire life insurance while in India?

When referring to the lives of Indians, life insurance is among the most renowned and established financial facilities that individuals partake in. It is important to notice that it is not only Indian residents who can see the significance if investments in life insurance. Non-resident Indians of...

Life insurance for NRI: Could non-resident Indians obtain life insurance in India?

In the sense of Indian lives, life insurance remains one of the most popular and prevalent financial services that people participate in. And the best part is that it's not just Indians residing in India who see the need to invest in life insurance. Indians well established in foreign lands o...

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance has entered Paytm by selling its famous ICICI Pru iProtect Smart term insurance product. Smart ICICI Pru iProtect is an insurance product with additional health advantages and injury compensation. It also provides health care coverage to 34 major diseases.