India
ICICI Lombard, ICICI Prudential Launch Combi Product ‘iShield’. Financial Express, June 29, 2023
ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched a combi product, ‘iShield’, which provides customers with both health and life insurance under the “use and file” procedure. A combi product offers benefits of life insurance along with that of general or other insurance covers.
India
Federal Bank introduces Platinum Wealth Builder Plan with Ageas Federal Life Insurance. Mint, June 7, 2023.
The Ageas Federal Life Insurance Platinum Wealth Builder Plan is a non-participating unit-linked life insurance plan. The plan offers life insurance and market-linked returns to help customers meet their investment goals. Some of the features include spouse cover option, wealth boosters and loyalty additions.
India
Life Insurance Corporation of India (LIC) Launches Post-retirement Medical Benefit Scheme. DNA India, May 5, 2023.
LIC has introduced Group Post-retirement Medical Benefit Scheme. This plan is a group non-linked, non-participating life savings insurance product. It is available for employers with 50 or more employees, and each member of the group coverage program receives a fixed life insurance pay-out (sum assured).
Thailand
“Combo Value Savings Insurance”: A New Great Value Bancassurance Product from SCB Combining Savings with Life and HealthInsurance . Press release, May 10, 2023.
Siam Commercial Bank (SCB) is introducing a new “Combo Value Savings Insurance” package for clients seeking value savings and healthcare coverage. With the all-in-one solution, clients pay premiums for a single insurance policy for eight years and get 15 years of coverage and payback every three years.