Insurance

Life insurers industry collects new business premium of Rs.3.78 lakh crore in FY 2024

The industry recorded a marginal growth of 2% in terms of new business premium collection in one year.

by Riddhima Bhatnagar Apr 22, 2024

No age limit to buy a health plan: IRDAI

Health insurers cannot reject claims after 60 months whatsoever.

by Nishant Patnaik Apr 14, 2024

TVS group forays into health insurance business

Galaxy Health and Allied Insurance gets IRDAI nod to start health business.

by Team Cafemutual Apr 12, 2024

IRDAI directs insurers to increase focus in rural areas and social sector

At least 10% of the total lives covered or total business generated has to come from rural areas and social sectors.

by Team Cafemutual Apr 10, 2024

Customer satisfaction score of top 12 life insurance brands remains stagnant from 2023 to 2024

A recent survey by Hansa Research attributes low customer satisfaction to lack of brand differentiation and changing customer expectations

by Team Cafemutual Apr 7, 2024

No change in surrender value

IRDAI repealed its decision to increase the surrender value in life insurance policies.

by Team Cafemutual Apr 5, 2024

Insurers/distributors cannot mislead policyholders with extraordinary benefits: IRDAI

Providing misleading information on insurance policies to entice prospective customers is illegal now.

by Nishant Patnaik Apr 2, 2024

TVS group forays into health insurance business

Galaxy Health and Allied Insurance gets IRDAI nod to start health business.

by Team Cafemutual Apr 1, 2024

SEBI unearths front running by an LIC employee

This employee and his family members allegedly made Rs.2.44 crore unlawfully.

by Team Cafemutual Mar 20, 2024

‘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

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