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  • Insurance

    ‘Policyholders want support of their agents/intermediaries during claim process’
    A report released by CAMSRep (a repository arm of CAMS) reveals that generic communication and complicated processes are biggest reasons for low popularity of insurance.
    by Kushan Shah Mar 10, 2024
    Future Generali launches a women specific health insurance plan
    Before launching this policy, Future Generali India General Insurance carried out a survey of 600 women having health insurance policies.
    by Team Cafemutual Mar 7, 2024
    Kotak Life launches a policy that offers guaranteed regular income
    This annuity like plan ensures regular income till a policyholder turns 85.
    by Team Cafemutual Mar 6, 2024
    Future Generali India Life appoints Alok Rungta as MD & CEO
    Rungta was the Deputy CEO & Chief Financial Officer (CFO) at Future Generali India Life.
    by Team Cafemutual Mar 1, 2024
    Life insurers settle over 98% of individual death claim requests in FY 2023
    However, in terms of claim amount, the settlement is less than 95%.
    by Riddhima Bhatnagar Feb 29, 2024
    IRDAI imposes Rs.2 crore fine on a corporate agent for fraudulent sales practices
    The insurance regulator has barred Dealmoney Securities from distributing or soliciting insurance policies.
    by Team Cafemutual Feb 27, 2024
    Life insurance industry adds 2.36 lakh new agents
    LIC, SBI Life and Tata added the highest number of agents in one year.
    by Kushan Shah Feb 27, 2024
    PFRDA simplifies norms to become pension fund manager
    The pension fund regulator has simplified norms for becoming trustees and sponsors of NPS.
    by Team Cafemutual Feb 23, 2024
    Agents/intermediaries will be held responsible for unclaimed amount of their clients
    IRDAI said that agents and intermediaries will have to trace clients and update their contact details, bank account etc. across all unclaimed policies.
    by Nishant Patnaik Feb 20, 2024
    Onus of proving policyholder gave false information to get coverage rests with insurers: IRDAI
    IRDAI has also issued draft advertisement guidelines in which it has asked insurers and distributors not to mislead policyholders with extraordinary benefits.
    by Nishant Patnaik Feb 19, 2024
    Soon, agents will be able to sell insurance policies completely online
    IRDAI has issued draft guidelines on constitution of Bima Sugam, a digital platform by IRDAI to distribute insurance.
    by Nishant Patnaik Feb 14, 2024
    Insurance penetration in India is 4%, lower than global average of 6.8%
    However, the penetration of Indian life insurance industry is better than the global average.
    by Riddhima Bhatnagar Feb 9, 2024
    Now, ayurvedic and alternative treatments qualify for the entire sum insured
    IRDAI has asked insurance companies to remove cap on sum insured from AYUSH treatment.
    by Team Cafemutual Feb 7, 2024
    IRDAI directs insurers to reduce premium in direct plans
    The insurance regulator has asked insurance companies to deduct commission expenses in directly sourced policies.
    by Nishant Patnaik Feb 2, 2024
    IRDAI introduces new commission structure for agents/intermediaries
    The new commission structure will be applicable for three years.
    by Nishant Patnaik Jan 30, 2024