IRDAI forms a committee to review commission structure of life insurance agents
The committee will also review the recommendations of Sumit Bose Committee.
by Nishant Patnaik Jan 16, 2017
India’s insurance intermediary partners with German broker to expand footprint
This partnership is expected to help SecureNow insurance broker to provide risk management solutions in general insurance to its clients having presence in global markets like USA and UK.
by Team Cafemutual Jan 12, 2017
Agents least trustworthy for those buying insurance: ASSOCHAM study
The report suggests people to select agents very cautiously.
by Team Cafemutual Jan 9, 2017
IRDAI hikes commission in non-life insurance policies
Insurance intermediaries like insurance brokers, insurance marketing firms and web aggregators to get higher commissions compared to insurance agents in select non-life policies.
by Nishant Patnaik Jan 6, 2017
IRDAI brings parity in health insurance commission payouts
So far, life insurers were paying higher commissions in health insurance
policies compared to general insurers and standalone health insurers.
by Nishant Patnaik Dec 30, 2016
Life insurers settle 97% of individual death claims in FY 2015-16
Of the 23 private insurance companies, 11 have crossed 90% mark in claim settlement ratio of individual policies.
by Nishant Patnaik Dec 22, 2016
After years of decline, insurance penetration improves marginally
Both life and non-life insurance industry saw a marginal growth in their penetration levels.
by Nishant Patnaik Dec 20, 2016
IRDAI imposes a fine of Rs. 20 lakhs on Birla Sun Life Insurance
IRDAI has found that Birla Sun Life Insurance had incentivized unauthorized agents through gifts and foreign trips.
by Team Cafemutual Dec 14, 2016
Health insurance to grow at a CAGR of over 20% till 2020: ICICI Lombard
ICICI Lombard estimates that the total premium collection in health insurance segment is likely to touch Rs. 60,000 crore by 2020.
by Nishant Patnaik Dec 14, 2016
Govt. asks public sector insurers to offer up to 10% discounts on premiums paid online
While LIC is allowed to provide a discount up to 8% in issuing new insurance policies, public sector general insurers can offer up to 10% discount on premiums paid online.
by Nishant Patnaik Dec 13, 2016
Max Bupa launches new edition of its flagship scheme - Health Assurance
Under this scheme, the company is providing benefits of critical illness cover, accidental insurance and cash back on certain conditions.
by Team Cafemutual Dec 9, 2016
Demonetisation effect: IRDAI extends grace period by 30 days to renew insurance policies
This grace period is offered to policies whose due dates fall between November 8 and December 31.
by Team Cafemutual Nov 30, 2016