The Premium income of the country’s term life insurance sector has doubled in five years between 2000 and 2004. With the private sector players gaining their strong foothold in the life insurance business, the private sector life-insurers maintained their dominance with 33 per cent growth in 2004. The annual report of the term life insurance company said that the rise in premium income of private sector life insurers was the result of expansion of life insurance business in the country through introduction of micro insurance.
January 20, 2006
Term Life Insurance – Private Insurers Dominate with 33%.
January 16, 2006
Term life insurance to take on mortgage repayment??
The answer to the question whether one must opt for a term life insurance cover that will take care of the mortgage payment in case of untimely death is one that has to be answered on the basis of the individual facts and circumstances.
The biggest advantage of doing so is to provide financial security to the survivors after one’s death.
If only the mortgage has to be covered, it is best to opt for a term life insurance policy where death benefit decreases as mortgage is repaid.
January 9, 2006
Launch of a new insurance!
It was on the 5th of January that the savings bank life insurance company of Massachusetts launched certain life insurance terms. It helps those who already have an insurance and the once who desire to have in the future keeping in mind the terms so listed. It mentioned about the term being extended. It held a special stand for the yearly renewal, annuities, whole life insurance, and so on. It also liberated the interests and tried making it a bit flexible. For further details click Term life insurance.
January 5, 2006
What is in the name?? Good service needs no name
The Savings Bank Life Insurance Company of Massachusetts has declared its intention to establish its presence in Connecticut. It intends to do so in the name of Centrian Life Insurance. The decision to use a different brand name is to avoid the confusion of having two companies with similar sounding names operating in the life insurance market. The company intends to offer a wide variety of life insurance services.
January 5, 2006
Paperless system to propel growth in term life insurance market.
Zebraquote.com has announced plans to manage term life insurance information by making use of an automated insurance sales system. The objective behind this move is to streamline operations, improve customer service and cut time used for underwriting.
The shift is also due to the realization that paper based system will not allow rapid growth in the term life insurance market. The company plans to reduce the time taken to underwrite term life insurance policies
