Life Insurance Summary

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10/22/2008 News For:

Life Insurance Summary

TM Asia Life Malaysia Offers Insurance Package With Bereavement Product  KUALA LUMPUR, Oct 21 Bernama -- Japanese life insurance company, TM Asia Life Malaysia Bhd, in collaboration with bereavement provider, Nian En Memorial Park Sdn Bhd, today launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan.

Life insurance sector fears are 'overdone'  Market speculation on the risks that US life insurance companies may default on their outstanding debt is overdone, according to a new report, which argues that these groups have sufficient liquidity to navigate the turbulent conditions in the financial markets.

Insurance firms buffeted by strong economic headwinds  Ukraine?s life insurance market is still in its infancy, with less than 5 percent of the population buying such policies ? very low by Western standards.

ING sells Taiwanese life insurance unit  Financial service group ING has agreed to sell its Taiwanese life insurance business to Fubon Financial Holding for $600m, a day after it got a huge cash injection from the Dutch government.

ING to sell Taiwan life insurance biz to Fubon Financial  LONDON: A day after receiving a ?10 billion infusion from the Dutch Government, financial services firm ING today announced sale of its Taiwanese life insurance business for about ?447 million $600 million to Fubon Financial Holding.

(AFX UK Focus) 2008-10-20 03:23 Taiwan's Fubon to buy ING's Taiwan life insurance unit for 600 mln usd - UPDATE  TAIPEI XFN-ASIA - Fubon Financial Holding Co Ltd 2881.TW said it has agreed to buy ING Group's Taiwan life insurance unit, ING Life Insurance Co Ltd, in a deal worth 600 mln usd.

IRDA asks life cos to cut cost, improve products  The insurance regulator has asked life insurance companies to cut costs and improve features on life insurance policies to stave off competition from mutual funds.

Minnesota Attorney General Lori Swanson Wins Lawsuit  Minnesota's Attorney General Lori Swanson won a multi-million dollar lawsuit against a Topeka-based insurance giant. Swanson filed the lawsuit last February against Amer-us Life Insurance Company and American Investors Life Insurance Company now part of Aviva Corporation.

GSIS prepares to bid for stake in Philamlife  MANILA, Philippines - The Government Service Insurance System GSIS is in talks with candidate foreign and local partners as it prepares to bid for as much as a 49% stake in the country"s largest life insurer, Philippine American Life & General Insurance Co. Philamlife, which has been put on sale by parent firm American International Group, Inc. AIG.

LIC to launch credit card with Corporation Bank  After parting ways with GE, state-owned Life Insurance Corporation of India has decided to tie up with Corporation Bank for launching a white labelled/co-branded credit card.