Fidelity Life shelves plans to raise capital

Zimbabwe Stock Exchange-listed insurance concern Fidelity Life Assurance Zimbabwe has cancelled plans to raise fresh capital.The development comes on the heels of last week’s announcement by Zimre Holdings Limited (ZHL) that it had entered into an agreement with the National Social Security Authority (NSSA) for the purchase of its 35,09 percent stake in Fidelity Life.

ZHL

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Woman Who Cut Off Hand in Attempt to Commit $1 Million Insurance Fraud Sentenced to Prison

One woman and her boyfriend showed what lengths they would travel to secure over $1 million.

Per TMZ, a Slovenian woman named Julija Adlesic and her boyfriend strung together a plan to collect the multiple insurance policies that they had taken out on her. The couple reportedly had at least five insurance policies on the woman that totaled around $1.16 million.

To secure this money, the couple

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COVID-19 impact: Here’s why insurance may never be the same again

The insurance companies too have now started to create products for a world where such virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis.

At a larger scale, the introduction of pay-as-you-use is probably a significant shift in the history of motor insurance in India as it seeks to become more responsive to the usage (and consequently) needs of the customers. (Image source: Getty) 

Recent outbreak of diseases like COVID-19 has led to more awareness among people

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