Author: Insurance24

24Sep

DWP introduces bill to ensure payments for older people can be increased next year

24 Sep 2020 Insurance24

‘It is only right… that we also ensure pensioners can see their incomes protected as we build back better,’ said Work and Pensions Secretary Thérèse Coffey

Work and Pensions Secretary Therese Coffey said the bill would give older people ‘peace of mind about their financial health’ (Photo: Getty)

A freeze on state pensions will be avoided as the Department for Work and Pensions (DWP) introduces a bill to ensure the incomes of older people can increase next year.

The impact of coronavirus on the economy and earnings risked leaving pensioners without an uplift in April 2021

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23Sep

What Happens To Car Insurance Rates After Self-Driving Cars?

23 Sep 2020 Insurance24

From time to time, somebody considering the world with lots of self-driving cars suggests that human driving will become discouraged, “because insurance rates will go through the roof.” They imagine that if the self-driving cars are much safer than humans (which is true by definition because they won’t see wide deployment until they are) that human drivers will be so poor in comparison that

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23Sep

Post-shutdown, workers’ compensation insureds struggle with new risks

23 Sep 2020 Insurance24

Players in the workers’ compensation market have been busy the past six months as the coronavirus pandemic has wreaked havoc on businesses, physical workplaces, and employees. The National Council on Compensation Insurance (NCCI), for example, has made several COVID-related changes during this period, including collecting payroll for furloughed workers so that it wouldn’t be used in the premium

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23Sep

ZSE launches online trading platform: ZSE Direct

23 Sep 2020 Insurance24

ZSE launches online trading platform: ZSE Direct

Staff Reporter

The Zimbabwe Stock Exchange Limited (“ZSE”) has launched “ZSE Direct”, a  new  platform,  specifically  designed  for  the  retail investor, aiming to provide retail investors with a smart way to manage their ZSE investments and  view  their  CSD  holdings remotely.
ZSE  Direct  will  complement  the platforms

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19Sep

10 factors to consider before buying a car insurance policy

19 Sep 2020 Insurance24

Car insurance is an insurance plan that offers the needful financial cover to the vehicle against different forms of damages, theft, stolen and the third party liability as well. While having a valid car policy is must, one should be mindful before buying it.

Here are key factors to consider before buying a car insurance policy:

Coverage

Different insurance products offer different coverage. Hence,

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17Sep

Fidelity Life shelves plans to raise capital

17 Sep 2020 Insurance24

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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17Sep

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

17 Sep 2020 Insurance24

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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17Sep

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

17 Sep 2020 Insurance24

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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13Sep

Does Life Insurance Cover Suicide?

13 Sep 2020 Insurance24

Even when a suicidal person holds a life insurance policy, the undoubtedly twisting decision to end one’s life offers no easy financial answers to care for those we love. Insurers pay out in some instances, but some contractual disqualifiers exclude a death benefit paid to policy beneficiaries.

When does life insurance cover suicide?

After the contestability and suicide clauses in an individual’s life insurance policy expire, life

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