Archive: October, 2011

Life insurance arm pushes ICICI Bank Q2 profit up 43%

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Life insurance arm pushes ICICI Bank Q2 profit up 43%News from Business Standard: Life insurance arm pushes ICICI Bank Q2 profit up 43% BS Reporter / Mumbai November 1, 2011, 0:15 IST ICICI Bank, the country’s largest private sector lender, on Monday said its consolidated net profit for the quarter ended September 30 surged 43 per [...]

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Don’t buy a fund only to get free life insurance

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Don’t buy a fund only to get free life insuranceNews from Economic Times: Text: ET Bureau Take a car loan and get the first year’s insurance free. Splurge on an LED TV, and get an audio system free. Such offers are easy to come by during the festive season and in a market with reducing [...]

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Kansas City Life Insurance Company Reports Operating Results (10-Q)

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Kansas City Life Insurance Company Reports Operating Results (10-Q)News from GuruFocus.com: Kansas City Life Insurance Company (KCLI) filed Quarterly Report for the period ended 2011-09-30. Kansas City Life Insurance Company has a market cap of $ 413.7 million; its shares were traded at around $ 36.07 with a P/E ratio of 15.7 and P/S ratio [...]

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Life Insurance confidence still robust: E&Y

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Life Insurance confidence still robust: E&YNews from BusinessLIVE: Life Insurance confidence levels remain the strongest in financial services according to a quarterly survey released by Ernst & Young on Wednesday. In the survey, Ernst & Young reports that life insurance confidence remains surprisingly robust in the third quarter, at 91 index points, given the volatility [...]

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Mother charged with killing sons for life insurance money

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Mother charged with killing sons for life insurance moneyNews from Reuters: By Harriet McLeod CHARLESTON, South Carolina | Tue Oct 25, 2011 7:28pm EDT (Reuters) – A South Carolina mother who told police her son killed three family members and himself has been charged with quadruple murder because she wanted their life insurance money, police [...]

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Want to target younger life insurance customers? Get online

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Want to target younger life insurance customers? Get onlineNews from InvestmentNews: Social media is the key to reaching Millennials By Darla Mercado October 24, 2011 2:40 pm ET The future of life insurance prospecting for reps and carriers is on the Internet. With 2011 sales of life insurance products up just 4% over last year, [...]

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PNB’s indexed life insurance product gets good response

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PNB’s indexed life insurance product gets good responseNews from Malaya: BY JENNIFER AMBANTA PNB Life Insurance Inc., the life insurance arm of the Philippine National Bank (PNB), said that its latest index-linked insurance product has been well-received, attracting more than P500 million in investments. The product, called Asian Summit, is a single-pay peso-denominated Asian equity [...]

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Life insurance: Technology investments drive growth at Pak-Qatar Family Takaful

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Life insurance: Technology investments drive growth at Pak-Qatar Family TakafulNews from The Express Tribune: Customers can get an insurance policy of up to Rs24 million in as little as 20 minutes, very often without even requiring a medical exam. Some quotes can even be obtained online (others within minutes from a customer service representative). DESIGN: [...]

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SCC approves acquisition of Shenandoah Life Insurance Company

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SCC approves acquisition of Shenandoah Life Insurance CompanyNews from WDBJ7.com: 10:31 a.m. EDT, October 21, 2011 ROANOKE, Va.— The State Corporation Commission has approved the acquisition of Shenandoah Life Insurance Company.  The Roanoke-based insurance company will become a wholly-owned subsidiary of United Prosperity Life.  As part of the acquisition, United Prosperity will invest a minimum [...]

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Nippon Life Insurance: Asked Olympus For Explanation To Ease Market Concerns

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Nippon Life Insurance: Asked Olympus For Explanation To Ease Market ConcernsNews from Fox Business: TOKYO -(Dow Jones)- Nippon Life Insurance, the largest shareholder of Olympus Corp. (7733.TO) said Thursday that it has asked the Japanese manufacturer to provide a clear explanation to all shareholders to dispel market concerns surrounding the sudden resignation of its chief [...]

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