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Like accident insurance, disability insurance pays the insured directly if they are injured in a way covered by the policy. However, disability insurance only pays if the injury prevents the insured from working. [3] Accident insurance benefits are paid whether or not the insured misses work as a result of the accident.
The company was licensed, and is regulated by the National Insurance Commission (NAICOM) [4]. The products and services of Post Assurance Brokers covers travel/health insurance, personal accident / group personal accident, employer's liability, fidelity guarantee, goods-in-transit, burglary/theft, consequential loss, fire & perils, amongst ...
Etiqa Insurance Pte. Ltd. was officially launched in August of 2014, selling its life insurance products at Maybank branches across Singapore. [6] In 2015, Maybank began acquiring shares in AsianLife and General Assurance Corp. (ALGA), an insurance group based in the Philippines which had been operational since 1958. [7]
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular employer for the purpose of taking insurance. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to ...
Casualty insurance is a defined term [1] which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions. [ 2 ]
Starr is an insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products, as well as a range of specialty coverages, including aviation, marine, energy and excess casualty insurance. [1]
During the Second World War, the company continued operations and took over the business of the Filipinas Life Assurance Company. The Philippines business of the Occidental Life Insurance Company of California was acquired by the company in 1954. A few years later in 1958, it introduced industrial life insurance in the Philippines. [12]
The policies cover health, automobile, life, home, travel, pensions and annuities, personal accident insurance, and many other types of risk. In addition, it offers corporate insurance products covering company’s assets, which include heritage, engineering, transport, aviation and maritime insurance. [4]