EBL customers to get insurance coverage from MetLife. The Financial Express, May 29, 2017.
MetLife Bangladesh signed an agreement with Eastern Bank Limited (EBL) offering its commercial and small- and medium-sized enterprise (SME) customers complimentary accidental/life insurance coverage of up to Tk 0.5 million.
Bank of Montreal (BMO) Insurance offers whole life product. Insurance and Investment Journal, May 30, 2017.
The BMO Insurance Whole Life Plan is a non-participating plan. It offers an increasing death benefit with guaranteed cash values and guaranteed level premiums. It guarantees that the minimum performance bonus rate will be at least 5.5% until April 30, 2020.
La Curacao offers coverage of up to $15,000 with “Seguro Facilito”. ElSalvador.com, May 2, 2017. (Text in Spanish)
La Curacao partnered with Pan American life to offer its customers Seguro Facilito, a life insurance plan that offers basic protection for customers aged 18-65 with no previous exclusions for the insured.
Arca Patrimoine strengthens its partnership with AFI ESCA and distributes the new ACTIVE SELECTION PRO multi-unit life insurance policy for business leaders. EduBourse, May 9, 2017. (Text in French)
Arca Patrimoine partnered with the life insurance company AFI Esca, affiliate of the Premium group, to distribute the new Active Selection Pro multi-support life insurance policy from AFI Esca. The product targets CEOs and senior management of companies.
Life insurance contract with two policyholders. VersicherungsJournal.de, July 7, 2017. (Text in German)
Standard Life Deutschland launched a new unit-linked life insurance against single payment. The contract can be arranged with two policyholders.
The latest from life insurers’ product development teams. Innovex.de, May 25, 2017. (Text in German)
Features of the latest products and services developed in Germany.
Getsurance and reinsurer RGA jointly develop digital life insurance products. Press release, May 23, 2017. (Text in German)
Getsurance launched the first online lockable disability insurance scheme. The product was developed by RGA. Getsurance is currently the only German startup offering digital products in the field of life insurance.
HDFC Life's new term policy has diverse options. Mint, May 25, 2017.
Click2 Protect 3D Plus is a term plan offering nine different options, including waiver of premium and income replacement. Final premium cost is based on options chosen by the customer.
Aviva Life launches online term plan -- i-Life Total. Business Standard, June 5, 2017.
i-Life Total is a term plan with multiple options. Customers can acquire and access their policy online.
LIC launches two Aadhaar-based policies. Indian Express, April 24, 2017.
Two endowment insurance policies were launched by the Life Insurance Corporation of India for those customers with an Aadhaar card. Policies are Aadhaar Shila, a plan exclusively for women and Aadhaar Stambh, a plan exclusively for men. The plans offer protection and savings for the policyholder and financial support for his or her family in case of the policyholder’s death.
Edelweiss Tokio Life Insurance Leads in Getting Approval from IRDAI for First-Ever Point-of-Sale (POS) Life Product. Press release, April 24, 2017.
“POS - Saral Nivesh” is the first life insurance product to be given approval by the IRDAI (Insurance Regulatory & Development Authority of India) to be sold over the counter. Easy to buy and understand, the product targets first-time buyers of life insurance.
PNB MetLife and Jammu & Kashmir Bank (JKB) Bank collaborate to launch family protection savings solution.
Early Times, April 13, 2017.
The JKB Family Protection Savings Bank Account is a savings bank account that incorporates an element of protection.
Medicare Life launches new whole life medical insurance plan with no cash surrender value. Press release, May 22, 2017. (Text in Japanese)
The whole life (no cash surrender value) medical insurance plan offers unlimited cancer hospital cash benefit (HCB) cover. The plan provides HCB coverage up to 60 days per hospitalization, regardless of cause.
The birth of a child is also the birth of a mum. Product brochure, June 14, 2017.
AIA launched two new products: A-Life Joy, a protection plan for children from pre-natal to adulthood; and A-Life Lady 360, a protection plan for women.
A-Plus BabyCare. AIA website, June, 2017.
A-Plus BabyCare is an optional add –on policy to AIA’s A-Life Joy policy, providing additional coverage for both mother and child through pregnancy, and for the child up until five years of age. The rider also covers several child development disorders.
Takaful Ikhlas launches Ikhlas Preferred Term Takaful in conjunction with Minggu Saham Amanah Malaysia 2017. Press release, April 25, 2017.
Ikhlas Preferred Term Takaful offers protection coverage for Death and Total Permanent Disability (TPD) as well as for up to 36 critical illnesses. The product can be bought as a 5-, 10- or 20-year term plan and renewed at maturity without additional underwriting.
HSBC and Mapfre launch supplemental retirement product in Mexico. BNamericas.com, June 1, 2017.
Inversión Retiro is a supplemental retirement product. It is aimed at employees working in the private sector looking to enhance their pension plans.
OIC launches Invest Protect and targets premiums of $40 million over next 12 months. Middle East Insurance Review, April 6, 2017.
Oman Insurance Company (OIC) introduced Invest Protect, a new single-premium insurance plan, with full transparency on charges and a number of other features. The new product was developed in partnership with Commerzbank which provides policyholders with a downside protection facility, and features low-cost, exchange-traded funds managed by BlackRock.
Pru Life unveils new flexi series. The Philippine Star,June 19, 2017.
Pru Life Insurance Corp. of UK introduced the PRULink Protector series, a new line of investment-linked products, providing Filipinos with the opportunity to grow their money and the flexibility to control their coverage term.
Etiqa Insurance launches the first online insurance savings plan. MarketWired, April 24, 2017.
Etiqa's eEASY save168 is an insurance savings plan that provides a guaranteed return of 2.02% per annum upon policy maturity. After six years, the customer will receive a guaranteed lump sum of $16,800.
Manulife LifeReady: Be healthy and enjoy upfront premium discounts for life. Press release, May 16, 2017.
LifeReady is a whole-of-life plan with a health advantage benefit. Premium discounts are offered during the first two policy years. Customers who do not initially qualify are given up to two years to meet specified health targets, including body mass index, blood pressure levels, and cholesterol levels.
Allianz offers variable insurance. The Korea Times, April 4, 2017.
The new variable insurance policy pays customers an annual return of 2% on guaranteed principal, without incurring any additional management fees, until the customer is 100 years old.
L&G launches direct-to-consumer (D2C) life policy with Direct Life. Life Insurance International, June 6, 2017.
The “Buy Now” policy will use Direct Life’s common question set in guiding consumers to choose between several insurers’ offerings. Buy Now will initially be available on Confused.com.
Allianz launches new post-Brexit product. Insurance Business UK, June 5, 2017.
Allianz Worldwide Care is a new insurance product for small- and medium-sized enterprises (SMEs) in the event that British expatriates lose access to free or reduced-cost medical treatment in the EU after Brexit.
Income protection provider British Friendly launches bereavement benefit. Life Insurance International, May 3, 2017.
Bereavement Benefit is an optional benefit which provides a lump sum to members suffering the loss of their spouse, partner, or child. It is available to all new and existing insured members at no extra cost.
Royal London launches pioneering life cover for people with diabetes. Press release, April 25, 2017.
Royal London launched its long-awaited life cover for people with type 1 or type 2 diabetes. The policy has the flexibility to reduce premiums by up to 40% to reflect how well the customer is managing their diabetes by sharing their HbA1c test result on an annual basis. The application process is supported by the Kalibre insurtech platform, developed by Royal London in partnership with Blue Circle Life (part of South African life insurer AllLife Group).
The Exeter launches life insurance for people with type 2 diabetes or a high body mass index(BMI). Life Insurance International, April 24, 2017.
Managed Life is a new product featuring reduced premiums for people with type 2 diabetes or a high BMI who successfully manage their conditions. A customer can save up to 35% of the initial premium by lowering his or her HbA1c level (for type 2 diabetics) or weight (for persons with a high BMI).
XL Catlin launches Protect and Assist in the U.K. Press release, April 20, 2017.
Protect and Assist offers global coverage and provides comprehensive personal accident and business travel insurance. The policy covers death, and permanent or temporary disablement.
True Potential launches protection partnership with Canada Life. Press release, April 4, 2017.
True Potential announced a new range of protection policies available on its platform, providing a “one-stop shop” for advisers. Canada Life underwrites and administers all policies.
Fabric launches in New York to make life insurance easy for nation's busiest parents. PR Newswire, May 23, 2017.
Fabric, which enables consumers to purchase coverage via their phones, tablets, or desktops, is now available in 38 states. It offers the Fabric Instant plan, designed to help individuals obtain accidental death coverage in two minutes. Plans start at $6 per month for $100,000 in coverage. The Fabric Premium plan offers a 20-year term life policy, with coverage of up to $5,000,000.
Dearborn National introduces DearbornCares. Insurance Newsnet, April 17, 2017.
DearbornCares offers eligible beneficiaries an immediate advance payment of up to $10,000 of their claim. This payment will help customers to pay immediate funeral and medical bills after losing a loved one.
Mutual of Omaha introduces Life Protection Advantage. Press release, June 7, 2017.
Life Protection Advantage is an indexed universal life insurance (IUL) product offering flexible premiums and death benefit protection, while providing an opportunity to accumulate cash value. Optional features include a guaranteed refund option and an accelerated death benefit rider.