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News
Stay-at-home parents need life cover too, but how much is enough?
2+ week, 4+ day ago (386+ words) A stay-at-home parent may not receive a monthly salary, but that does not mean their contribution has no financial value. Cooking, childcare, managing the household, helping children with schoolwork and caring for elderly family members all take time and money....
12 Life Insurance Companies See Slight Drop in Net Profit in Q4 FY 2082/83
3+ week, 3+ day ago (422+ words) Kathmandu. According to the financial statements for the fourth quarter of the fiscal year 2082/83, the overall net profit of the 12 major operating life insurance companies has seen a slight decline. Public data shows that the overall profit has decreased by…...
7 things to do when term life is about to expire
2+ mon, 1+ week ago (993+ words) When term life policies enter their final year, a surprising number of people don’t realize the clock is ticking. At the same time, many individuals still hold term coverage that quietly lapses. When a 10-, 20- or 30-year contract ends, the choices…...
82-year-old loses life insurance policy despite making automatic payments
2+ mon, 3+ week ago (45+ words) Yahoo A Chicago woman says a life insurance policy she paid into for 25 years was cancelled over a $112 shortfall that she never knew existed, and now, at 82 years old, she's uninsurable....
Don’t overlook insurance in SMSF for long-term tax savings
6+ mon, 4+ day ago (458+ words) David Busoli, principal, SMSF Alliance David Busoli, principal of SMSF Alliance, said at the SMSF Association national conference last month that while there are complications around holding life insurance in a separate APRA-regulated super fund while operating an SMS, there…...
RBI flags high insurance commissions as risk to affordability, penetration
8+ mon, 1+ week ago (282+ words) CNBC TV18 The debate around regulating insurance commissions is gathering momentum, with the Reserve Bank of India becoming the latest authority to raise concerns over rising distribution costs in the sector.In its latest Financial Stability Report, the RBI has flagged…...
Flawed Social Security death data puts life insurance benefits at risk
8+ mon, 4+ week ago (507+ words) The Social Security Administration maintains the only federal database that insurers are required to periodically check for deaths. Issues with the database, however, have resulted in millions of families risking delayed or lost life insurance benefits. INN spoke with Dick…...