Life Assurance plans are something that everyone should have, as long as they are the most suitable for the customer. The CIS Life Insurance division is offering some handy tips to help customers make sure their loved ones are looked after.
CIS Insurance are, for example, offering customer alerts to advise of premium increases as well as identifying the best life assurance policies for those with children. A key aspect of this type of cover is the provision of income replacement, where a sum is paid on a quarterly basis to the remaining family.
A word of warning is also issued regarding Whole of Life policies, from the CIS or any other insurance company, since they are tied in to the performance of the stock market. This means that the amount payable could actually be less than that paid in.
A new commercial insurance product has been introduced by Hiscox Insurance designed especially for top quality venue owners.
The new Hiscox policy will be sold exclusively through brokers and will target places such as art galleries, museums, theatres and so on. Protection will include buildings and contents insurance, public liability, employer liability and also risks from the internet and email. Extras can also be added as needed, for situations such as doctors surgeries where malpractice cover may be required.
A spokesman from Hiscox was pleased to be able to offer this new product and felt that the specialised nature of the policy would lead to it being adopted by the places that need it, the value of the cover being clear to see.
The Brazilian arm of Zurich Insurance has just announced the purchase of two insurance companies in the South American country.
The deal, which is worth around GBP120 million, gives Zurich Insurance and 87 percent stake in one company and a 100 percent stake in another. Zurich will make an initial payment of GBP89 million for the two businesses, plus a GBP15 million bancassurance agreement and the potential for a further GBP15 million paid out if performance figures are achieved.
Bancassurance will enable the newly acquired businesses to sell their Zurich Insurance products through local bank branches, a significant opportunity and well worth the amount paid.
