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In the early 1980s, the expansion included the incorporation of several new life insurance companies. Throughout this period of expansion and diversification, Reliance Insurance Company continued to handle most of the standard lines of insurance with which most people are familiar, including personal automobile and homeowners.
The final reason life insurance isn’t a scam is an unfortunate reality: some people die unexpectedly. These tragedies occur regardless of the person’s financial preparedness and can devastate ...
As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with ...
Faked deaths: In this type of life insurance scam, the insured pretends to have died in order to collect the death benefit, either for themselves or a beneficiary. This fraudulent activity often ...
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Sanima Life Insurance Limited and Reliance Life Insurance Limited merged to form Sanima Reliance Life Insurance Limited. Union, Prime and Gurans Life Insurance Company Limited merged to form Himalayan Life Insurance Limited. Prabhu and Mahalaxmi Life Insurance Company Limited merged to form Prabhu Mahalaxmi Life Insurance Limited.
Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found. And not surprisingly, there has also been a tide of ...
Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million. [12] In September 2014, Standard Life agreed to sell its Canadian operations to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation. [13] It completed this sale on 30 January 2015 for a cash consideration of C$4 ...