Insurance

Insurance industry growing at 18% in FY 2023: IRDAI

IRDAI said that it will expand distribution outreach by integrating technology.

by Team Cafemutual Mar 10, 2023

ICICI Lombard launches training workshop for women agents

The company also offers free health check ups and road side motor assistance to women during March.

by Team Cafemutual Mar 8, 2023

Online direct sales in life insurance account for 1.36% of the total new business premium

With a modest share of 1.36%, online direct sales are far behind individual agents which contribute 55% to the new insurance business.

by Karishma Gagwani Mar 4, 2023

Policies for differently abled, HIV positive and people with mental illness are reality now

IRDAI has asked general and health insurers to immediately launch policies for differently abled, HIV positive and people with mental illness.

by Nishant Patnaik Mar 1, 2023

Individual insurance agents bring 55% of the total new business premium in FY 21-22

While individual agents contributed 96% to the total new business premium of LIC, they contributed 23% to private players.

by Karishma Gagwani Feb 28, 2023

LIC, SBI and ICICI Pru are the top three insurers in terms of renewal premium

Overall, while LIC collects renewal premium of Rs.2.29 lakh crore, private life insurers receive renewal premium of Rs.1.50 lakh crore.

by Zahra Gour Feb 27, 2023

This policy carries forward the entire sum insured on renewal

Niva Bupa Health has launched a plan with 4 new features.

by Team Cafemutual Feb 24, 2023

IRDAI appoints MF officials on its newly formed investment committee

Three MF officials are now part of IRDAI’s consultative committee on investment.

by Team Cafemutual Feb 23, 2023

1.10 lakh new agents join life insurance industry in 2022

SBI, HDFC and Bajaj Allianz have added highest number of individual agents last year.

by Team Cafemutual Feb 20, 2023

HDFC Life partners with NSDC to create new agents

The company along with NSDC will train individuals to become insurance agents.

by Team Cafemutual Feb 16, 2023

ManipalCigna launches health plan for senior citizens with maximum entry age of 75 years

The waiting period of pre-existing condition is 90 days.

by Team Cafemutual Feb 15, 2023

Tax relief: Existing policyholders are exempted from paying tax on maturity proceeds

The proposed taxation norm on maturity proceeds of life insurance policies other than ULIPs is not applicable on existing policies.

by Karishma Gagwani and Nishant Patnaik Feb 4, 2023

Tax googly: Investors paying insurance premium of over Rs.5 lakh will not get any tax exemption

However, policyholders can get tax exemption on insurance proceeds on death claims.

by Karishma Gagwani and Nishant Patnaik Feb 2, 2023

Now, investors can make financial transaction through a simple voice call

NPCI has tied up with HDFC Life to offer voice-based payment facility to pay premium.

by Team Cafemutual Jan 27, 2023

Indian insurance business is close to Rs.55 lakh crore industry

The AUM of life insurance is Rs.50 lakh crore and non-life insurance is Rs.5 lakh crore.

by Nishant Patnaik Jan 27, 2023

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