Life insurance is now cheaper for vegetarians

India life insurance

A diet that no longer contains meat can now help to reduce the price for some people’s policies. A life insurance company from the United Kingdom has recently announced that it has created a special policy that is meant to reward vegetarians for their healthy lifestyle choices through lower premiums. These policies are being offered to consumers in the UK, and India is hoping to be included, as vegetarianism is common. The reasoning behind these vegetarian life insurance policies is that people who live this lifestyle tend to make healthier…

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Life insurance will be experiencing higher premiums for term policies

Life Insurance News

In an environment with low interest rates, the cost of the coverage is on its way up. According to the data that has been released by an online life insurance comparison agency, term policies are becoming more expensive and are slightly more difficult to find than they used to be. This news comes after a decade in which prices had been consistently plummeting to record lows. However, the latest research from IntelliQuote has shown that the premiums that are being quoted for term life insurance policies increased by an average…

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Insurance news of Japan’s premiums totals is surprising

life insurance news

Recent estimates show that 18 percent of the worldwide total for life coverage is from Japanese policyholders. The latest insurance news releases in Japan are estimating that the average life insurance premiums are approximately $5,300 (454,300 yen) per year. This is far higher than the global average for the same type of coverage. In fact, this insurance news indicates that Japanese life policyholders pay approximately 18 percent of the global total in premiums, even though the country represents only 2 percent of the worldwide population. The per capita spending, according…

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Life insurance reserves calculations change approved by regulators

insurance news

State authorities have moved forward a new and controversial standard for insurers in the sector. Life insurance news has been made by state regulators that have now given their approval for a new standard for the way that insurers in the sector will perform their reserves calculations, despite the heavy controversy and claims that it will not work. Critics say that the economy will face too much of a risk in larger states, and the implementation will be too expensive. The approval was made by the National Association of Insurance…

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Life insurance in India becoming less profitable

south asian Insurance industry India

The premiums collected from this coverage sector have dropped by 2.33 percent compared to 2011. The latest life insurance news from India is that premiums collected during the third quarter, which ended on September 30, have experienced a year over year decrease by 2.33 percent, said the most recent report of the Insurance Regulatory and Development Authority (IRDA). This drop has been blamed on the overall slowing in economic growth. This, according to Namo Narain Meena, the Minister of State for Finance. The minster explained that as a whole, there…

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Life insurance policies are being cashed in at an increasing rate

Life Insurance Payment

The trend is for individuals and families to cash them in to try to help to make ends meet. Statistics have revealed that life insurance policies in Cyprus are a direct reflection of the continuing economic crisis, as 40 percent more policyholders have cashed in their policies during the first half of 2012 in comparison with the same time in 2011. These grim statistics were released by the Insurance Association of Cyprus. From January through June of this year, policyholders cashed in €111 million worth of life insurance, when compared…

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Life insurance savings can be achieved through weight loss

Health Insurance Report on obesity

Premiums drop among policyholders with a healthy, maintained BMI. As weight plays an important role in an individual’s health, it is taken into consideration by the majority of life insurance companies and therefore becomes a factor that policyholders can often control to help to keep their premiums to a minimum. Many insurers consider weight to be an important factor to be calculated into their rates. If an individual is overweight or obese, life insurance carriers will frequently charge what is known as a “loading”, which is an amount above and…

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