UwidoNews

A life settlement is a financial transaction in which a life insurance policy owner possessing an unneeded or unwanted life insurance policy sells the policy (at fair market value) to a third party for more than the cash surrender value offered by the life insurance company. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all subsequent premium payments.

Rajesh Sud, chief executive officer and managing director, Max New York Life Insurance , said the company was planning to launch a universal life policy , a first-of-its-kind in India, and a health insurance product in this financial year.

Life Insurance Corporation of India (LIC) finally launched its much awaited white-labelled credit card on Monday, March 30th.Launching the card, LIC Managing Director D K Mehrotra said, "We have launched our credit card today. The card would be like other credit cards but we will also offer value-added services like payment of premiums for our policy-holders."

Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), one of the leading life insurance companies, has announced a strategic tie-up with Shivajirao Bhosale Sahakari Bank. The tie-up will strengthen the reach and penetration of Kotak Life Insurance in Pune using the Co-operative Bank’s strong network for referrals as well as reach.

Life Insurance Corporation of India (LIC) today said it will invest nearly Rs50,000 crore in the equity market this fiscal.

Recently, the biggest insurance company of private sector, TATA AIG launches life InvestAssure Superstar ULIP plan. ULIP is known as Unit-Linked Life Insurance Plan.

Life Insurance Corporation (LIC) of India, as we all know is the largest Insurer in the country. Until recently, all the premiums of the policies taken from LIC should be paid only at the LIC offices present in one’s locality or can be paid with the help of agent who made the policy

Life Insurance Corporation of IndiaSouth Central Zonal OfficeJobs News SCI – Recruitment of Mr ADOStaff of 727 posts in LIC Apprentice DevelopmentThe LIC (Life Insurance Coporation of India) invites applications for recruitment of 727 staff development Apprentice. Those who can for the post of ADO application (apprentice development officers) in the SCI to read detailed announcement Webstite LIC Agent India. A brief job descriptions below LIC.

Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance both posted profits for FY09, despite deteriorating market conditions.Bajaj Allianz Life Insurance posted profit of Rs45 crore in FY09 against a loss of Rs16 crore in the year-ago period, a release here on Wednesday stated.