My wife is working. Why do I need Life Insurance?

I was on a flight last week and the person sitting next to me was a very friendly guy. We instantly started chatting. He was telling about the passion that …

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IFRS 17/India AS 117 implementation: Understand your profit to drive your business

In my previous article, I mentioned about the massive shift the new standard is going to bring to the business. Why Life Insurance industry? The change of standard is not …

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IFRS 17 Insurance

IFRS17 / Ind AS117 Implementation: A massive shift in the way Life Insurance business is done

IRFS17/Ind AS117 is a new accounting standard applicable for insurance industry and will be implemented across the world. This is part of the global accounting standard IFRS applicable for all …

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is actuary redundant

In the world of Machine Learning, is Actuary Redundant ?

  The core activity of an Actuary is: 1. Number crunching 2. Assumption setting But this will no longer be the case, in the world of powerful processors and highly …

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Accidental Total Permanent Disability (ATPD) benefit

Accidental Disability – A financial threat worse than death

Most of the life insurance policyholders in India hold a savings plan with negligible protection component. Those who know the importance of protection, hold a significant life cover, mostly from …

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Life Insurance: Its high time industry launches a protection campaign

Hesitation to discuss death and the consequences In India, life insurance policy is mainly sold as a savings instrument. This is probably because an insurance sales person finds it difficult …

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Life Insurance – Is Agency channel viable? At least in the long run?

Is Agency Channel viable? For Life Insurance business, Agency channel is supposed to be the backbone. For decades, LIC of India is running on the strength of agency channel. However, …

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Life Insurance M&A – What value would you place on a third party distribution channel?

Valuation of a life insurance company is complicated. The business is of long term. The profits are realized gradually over the term of a life insurance policy. Placing a value …

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It sounds funny, but don’t chase either topline or bottomline in life insurance business

In any business, you either chase top-line or bottom-line. But in life insurance business, you shouldn’t chase both of them. Why shouldn’t you chase top-line? In life insurance, the definition …

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Choose right Health Insurance – best coverage is important, not lowest premium

We normally look for lowest premium while buying insurance, especially online. Even if we buy offline, many do a lot of online research before buying. And usually, lowest premium is …

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