General Manager, JN Life Insurance Company, Mr. Hugh Reid, is urging Jamaicans, who contribute to an individual retirement scheme, to increase their contributions to the maximum of 20 per cent of their earnings, where possible. Mr. Reid, who also urged Jamaicans who are a part of the labour force, to become a member of an…
Earl Samuels, chief development financing officer at The Jamaica National Group, believes the COVID-19 pandemic represents an opportunity for companies to implement business continuity planning and undertake risk assessments as a function in their business operations to become more resilient. He stated that business continuity planning and risk analysis should be undertaken by companies going…
With the COVID-19 pandemic affecting many persons financially, two of the country’s leading insurance executives are advising policyholders to resist the urge to cash in on the investment portion of their policies. Mr. Orville Johnson, Executive Director of the Insurance Association of Jamaica said the insurance industry paid out $23.2 billion in claims in 2019,…
“Most persons do not like to consider the subject of death, as they believe it is too morbid. Hence, many fail to prepare financially for funeral costs and final expenses”, says Oliver Tomlinson, general manager of JN Life Insurance Company Limited. Mr. Tomlinson said that death is such an emotional subject, that its financial aspects…
Death may be a certainty; however, the stress associated with the costs of a funeral does not have to be, if plans are put in place to ease the financial burden, says Dr Damian Ffriend, Senior Manager – Sales, JN Life Insurance. Dr Ffriend notes that in preparing for death, there are many things to…
Dr. Damian Ffriend, Senior manager, sales and services, JN Life Insurance Company JN Life Insurance has developed two critical illness products, which allows their clients with these policies to retain coverage even after the initial diagnosis of an illness. The plans, which allow for persons claim as long as their premiums are up to date,…
Jamaica could lose an estimated $47 billion in workforce productivity over the next 15 years, if more is not done to reduce the impact of Non-Communicable Diseases (NCDs) on the population. Dr. Christopher Tufton, who was speaking during the plenary session of the Bi-Annual Jamaican Diaspora Conference about Health and Wellness, highlighted that NCDs were…
JN Life Insurance has launched two new Life Insurance products geared to individual persons and families to assist them with their funeral expenses. The Family Indemnity plan offers clients a maximum coverage of $1.5 million and has Terminal and Critical Illness benefits. The plans, marketed as “JN Life Comfort” and “JN Life Family Comfort,” are…
JN Life Insurance Company, a member company of The Jamaica National Group, achieved an increase in profits during the Financial Year, January to December 2017, when compared to the previous year. Last year, the company earned Gross Premium Income of $524 million in comparison to $476 million for the previous Year. The under-writing profit for…
Providing better access to life insurance will help to ensure that more Jamaicans can take better advantage of the country’s economic opportunities, says Oliver Tomlinson, general manager, JN Life Insurance. He stated that, the development of the life insurance sector is an important factor in the overall level of inclusiveness of the economy; and, pointed…
JN Life Insurance Company Limited is committed to improving the lives of its customers by providing quality life
insurance services backed by
unparalleled customer support systems. The company aims to be the insurer of choice as it continues to meet and exceed stakeholders’ expectations of price,
service and expertise.