SLi and ivari launch new simplified and guaranteed life insurance products. Press release, October 6, 2017.
The new simplified life products offer coverage from $1,000 up to $300,000 for persons ages 18 to 70, and up to $150,000 for ages 71 to 79. The products have been created to cover all Canadians, including those that are hard to insure.
CNP Patrimoine announces the launch of Flexi Gestion with BPE. Press release, December 12, 2017.
Flexi Gestion is an innovative option for its CNP One range of multi-fund life insurance products. Flexi Gestion offers a dynamic means of allocating assets in the unit-linked portion of their life insurance plans.
Vodafone offers Red Protect plan with Aviva Life Insurance. Business Standard, December 12, 2017.
Red Protect is a mobility plan that is integrated with life insurance. The sum assured is worth up to 20 years of monthly rental and is available for Rs 499 per month.
Kotak Life Insurance launches Kotak e-Term Plan. WebIndia123.com, November 29, 2017.
Kotak e-Term Plan is a term insurance plan providing comprehensive protection through three flexible, scalable options: Life Option, Life Plus Option, and Life Secure Option.
PNB MetLife extends life cover up to 99 years - PNB MetLife Mera Term Plan. Press release, November 20, 2017.
The PNB MetLife Term Plan extends life cover to 99 years. The policy aims to offer consumers protection later in life, when customers may rely on pensions as their only source of income.
Bharti AXA Life Insurance launches guaranteed income plan. Press release, October 6, 2017.
The Bharti Axa Life Guaranteed Income Plan is a non-linked limited pay non-participating savings life insurance plan.
It offers income that increases every year and life insurance coverage.
Aditya Birla Sun Life Insurance (ABSLI) launches Income Shield Plan. The Hindu Business Line, October 5, 2017.
The ABSLI Income Shield Plan is a non-linked, non-participating term insurance plan. It offers salary or monthly income replacement in the event of death.
CNP Partners and Banco Azzoaglio: partnership in multi-branch PIR policies. ASSINEWS.it, November 17, 2017. (Text in Italian)
CNP Azzoaglio PIR is a life insurance plan eligible for the PIR (long-term savings) plan. The plan allows unlimited switching between funds and the ability to alter equity and bond investments. The minimum policy premium is €2,500.
Meiji Yasuda Life launches whole life medical insurance for persons over age 50. Press release, October 26, 2017. (Text in Japanese)
The whole life insurance is structured for issue ages between 50 and 90 years. It includes a hospitalization support benefit, surgery benefit, radiation therapy benefit, and a death benefit.
‘Kamyab Mustaqbil Plus’, a Shariah-compliant plan, is launched. Pakistan Observer, November 24, 2017.
Kamyab Mustaqbil Plus is a term takaful plan. It provides takaful coverage for natural or accidental death
as well as medical reimbursement for accidents.
Africell introduces Mobile Life Insurance. Concord Times, October 24, 2017.
In partnership with Gras Savoye and Activa International, Africell announced the launch of the first Mobile Life Insurance product in Sierra Leone. The product has a very low premium of SLL50000 per annum and claimants will be eligible for $1,000 upon the death of the policy holder.
HSBC Insurance Singapore introduces new universal life plans. Life Insurance International, December 7, 2017.
The universal life products, Jade Legacy Universal Life and Jade Ultra Legacy Universal Life, have been enhanced. The products’ premiums have been slashed by 10% for customers from seven countries. The plans feature a no-lapsed guaranteed benefit option, a short surrender penalty, and other benefits.
Manulife launches Heirloom (V) and Signature Income. Asia Advisers Network, November 24, 2017.
Heirloom (V) is a universal life insurance plan (in U.S. dollars) designed for high-net-worth individuals looking at strategies to build and protect their wealth. Signature Income is a single-premium whole life plan. It is designed for high-net-worth clients, has a one-time premium, and provides income up to the age of 99 years.
Insurtech startup Fo-Sho launches in SA. DisruptAfrica.com, November 28, 2017.
Fo-Sho’s insurtech product aims to offer short-term insurance with long-term benefits. The product relies on policyholders forming groups with similar risk profiles to create savings pools. The app allows the customer to apply for insurance in three minutes.
Mirae Asset’s policies offer living and death benefits. Korea JoongAng Daily, October 31, 2017.
Two Promises is a variable universal whole life insurance plan that guarantees both death benefits and living benefits.
It offers six types of exchange-traded funds (ETF) including variable portfolio funds. Customers can select funds based on their investment goals and risk tolerance.
Softlogic Life partners with Dialog to launch ‘Per Day Insurance’. Mirror Business, October 23, 2017.
The Per Day Insurance is a life insurance plan which is available to all prepaid and postpaid Dialog customers.
The signup process takes a few minutes and can be completed anywhere, at any time, by customers.
BGL Group launches FiftyLife. Press release, October 10, 2017.
FiftyLife offers customers over 50 years of age up to £10,000 of life insurance cover. Customers can quickly buy life insurance online or via the telephone, without any required medical tests
TruStage® debuts simplified-issue whole life insurance product. Press release, December 5, 2017.
The new TruStage simplified-issue whole life insurance product is available to customers by answering just a few questions. The fully digital whole life product offers coverage up to $100,000.
Global Atlantic launches Lifetime Builder Elite, raising the bar on indexed universal life (IUL). Business Wire, November 27, 2017.
Lifetime Builder Elite is an IUL policy. The policy offers a new linked loan option in which the loan interest is linked to index performance.
XL Heritage – Midland National’s newest insurance offering. Press release, November 17, 2017.
XL Heritage Indexed Universal Life is a single-premium plan. It offers an accelerated death benefit, and an online application and underwriting process that can be completed in as little as 30 minutes.
Penn Mutual Life Insurance Company announces the availability of Survivorship Plus Select Indexed Universal Life (IUL) product. Press release, November 1, 2017.
The Survivorship Plus Select IUL product is designed to cover two lives more cost-effectively. It offers a no-lapse guarantee and the ability to add an extended no-lapse optional rider.
John Hancock to expand Apple Watch program to all Vitality life insurance customers, including lower-cost term life buyers. Press release, October 23, 2017.
John Hancock offers life insurance customers the opportunity to earn an Apple watch through regular exercise.
The program is offered to permanent life insurance buyers as well as customers who purchase the cheaper term life policies.
Symetra launches new indexed universal life product, Symetra Accumulator IUL (indexed universal life). Press release, October 10, 2017.
Accumulator IUL is a flexible-premium adjustable life insurance policy with index-linked interest options.
It offers a 2% cumulative lookback guarantee that may increase policy values over time.
Ohio National introduces new indexed universal life insurance. Press release, October 9, 2017.
The Virtus IUL policy offers three indexed accounts and a fixed account. It also offers an overloan protection rider, and an accelerated benefit rider if the insured is chronically or terminally ill.
Manulife Vietnam launches new flagship product. Vietnam Investment Review, December 8, 2017.
Manulife-My Affluent Income offers comprehensive protection together with a full range of investment options. Customers can change their investment choices to suit the different stages of their life. Ten optional riders are also available, including accidental death and dismemberment, critical illness, and total and permanent disability.
Generali Vietnam Life launches VITA-Song Tu Tin with superior and unique features. Press release, November 10, 2017.
VITA-Song Tu Tin (VITA – Live Confidently) offers comprehensive protection for customers and their families.
Generali Vietnam will continue to provide protection for customers for 24 months from the date the insurance contract becomes lapsed, regardless of the reasons.