It’s a great idea to secure your family’s future by buying a life insurance policy. However, it pays to know the tax implications as life insurance is a long-term commitment. After all, you don’t want taxes to erode your policy returns, do you? This article will share the tax treatment of different types of life insurance policies at various stages. …
In a world that is seeing game-changing disruptions across geographies and sectors, Singapore has positioned itself as a centre of innovation. Much like India, the financial services industry in Singapore is also undergoing transformation. Today, the digital wave is changing the way we work. Several organisations in Singapore like Visa, PayPal, KPMG, DBS and more are working with technology companies …
Different health insurance products carry different exclusions. Photo: iStock Malti Jaswal, chief operating officer, Health Insurance TPA of India Ltd Need to rationalise scope of exclusions One of the most contentious issues, which is also the reason for the highest number of grievances lodged by health insurance policyholders, pertains to “exclusions” under a health insurance contract. As more comprehensive products are …
You just realised your car insurance policy lapsed a few days ago. I understand you were not well, you had a breakup or your dog was not well, youwere engrossed in your work or you were just lazy, the reasons could be plenty but the reality is that now you’re in trouble. Your car insurance is an annual contract that …
Millions of motorists could see their car insurance bills cut by £40 a year, the government says, after it announced a crackdown on the “epidemic” of exaggerated and fraudulent whiplash injury claims. The Ministry of Justice (MoJ) proposals would make obtaining a payout much tougher and, according to insurers, will end the UK’s status as the whiplash capital of the …
Drivers saw their car insurance premiums rise by an average of £110 in the last year, a comparison site says. More expensive repairs and recent government changes to injury payouts pushed up annual insurance costs by 16%, according to Confused.com. It found drivers paid on average £781 on comparison sites for a comprehensive policy in the year to March 2017. …
Millions of people buy their mobile phone service on a pay-as-you-go contract – and now we are being offered car insurance in the same way, paying just for the miles we drive. In the next few months two start-up insurance firms will begin offering pay-as-you-drive car insurance products that claim to do away with the big up front annual premium. …
Car insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of British Insurers. Increases to insurance premium tax, increased repair costs and the rising costs of whiplash claims all conspired to send the average comprehensive policy to £462 in the last quarter. The …
If you’ve car insurance underwritten by Gable Insurance, you’ll need to arrange alternative cover before your policy is voided at the end of next week, following the company’s slide into liquidation. Liechtenstein-based Gable Insurance underwrites motor insurance, home insurance and liability insurance policies in the UK for firms that have included Sure Thing, Paragon and Towergate. Gable went into liquidation …