Sentences with phrase «life insurance units after»
October 23, 2016 update: China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $ 2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher - than - expected losses tied to long - term care coverage.
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Commonwealth Bank is also looking at the future of its global asset management business, after selling its life insurance unit last year.
This positive environment encouraged Aegon Religare Life Insurance to introduce unit - linked insurance product (ULIP) and a return - of - premium term product which is a term plan offering a return of premium after Insurance to introduce unit - linked insurance product (ULIP) and a return - of - premium term product which is a term plan offering a return of premium after insurance product (ULIP) and a return - of - premium term product which is a term plan offering a return of premium after maturity.
In case of a Unit Linked Life Insurance Policy, if the policyholder chooses to withdraw the policy completely, before the completion of 5 years, then the Fund Value after deducting the applicable surrender charges are transferred to the Discontinued Policy Fund.
After the current ruling on Unit - linked insurance plans (Ulips), it is clear that an insurance contract offering one out of the three — life insurance cover, health insurance cover or annuitisation on human life — is sufficient to categorise it as a life insurance product.
The Unit - linked life insurance plan is also sought after.
3) Child Unit Linked Insurance Plan — Max New York Life Smart Steps Plus In this plan the investment risk is borne by the insured as he chooses where his premium after deductions should be invested.
«We have earned first year premium of Rs 288 crore during April - December period and expect to close the fiscal with premium collection of Rs 750 crore,» Future Generali Managing Director Deepak Sood told reporters after launching Sanjeevani Plus, a unit linked whole life insurance - cum - investment plan.
Anbang's main life insurance unit gets the bulk of its premium income from short - term policies sold through bank branches that clients can typically redeem after as little as two years, according to its 2015 annual report.