Life Insurance

Lincoln Benefit Life Company, an Allstate Company, has decided to no longer issue new Lincoln Benefit Life branded long-term care insurance policies, effective October 31, 2005. Customers who have existing long-term care insurance policies with Lincoln Benefit Life Company will not be affected. They will continue to have their policies serviced through LifeCare Assurance, a […]

North American application activity for individually underwritten life insurance declined -3.1% in June, year-over-year, according to the MIB Life Index. It was the Index’s fifth consecutive monthly drop this year. Year-to-date, June application activity was off -3.3% for North America; off -3.4% and -2.7% for the U.S. and Canada, respectively. Second quarter applications (Apr.-June) U.S. […]

At a time when a section of the existing life insurance players prepare to exit from the intensely competitive market, new and strong players are warming up to take on the challenge.
Among the first of the new set of entrants could well be Punjab National Bank (PNB).
The RBI has given its go-ahead for the bank’s […]

Shriram Life Insurance Co, the recently formed joint venture between the Chennai-based Shriram Group and the Sanlam Group of South Africa, has obtained the licence to operate in the crowded life insurance market in the country.
The company, which received the R1 licence from the Insurance Regulatory and Development Authority (IRDA), is set to commence operations […]

The Union Ministry of Textile and Life Insurance Corporation of India (LIC) have jointly introduced the Janashri and additional Group Insurance Schemes for the weavers using power looms for the year 2005-2006 also.
The weavers who had insured during 2004-2005 will have to renew the registration. Those desiring to register afresh have to pay a premium […]