Insurance

Life insurance AUM is Rs.55 lakh crore

In terms of AUM, LIC, SBI and ICICI Prudential are the top three players.

by Riddhima Bhatnagar Jan 4, 2024

Zuno General Insurance launches a policy which covers 9 family members

Also, the company offers cash support to policyholders in reimbursement claims.

by Team Cafemutual Jan 3, 2024

How much do individual agents contribute to life, non-life and health business?

While individual agents contribute 53% to the total new business premium collection from individual investors, their contribution in health business is very significant at 73% of the total individual premium.

by Nishant Patnaik Dec 28, 2023

Life insurers pay 5% of the total premium as commission to agents/intermediaries in FY 2023

The life insurance industry paid gross commission of Rs.42,300 crore in FY 2023. Even the first-year gross commission was 20% of the total premium received from regular premium paying policies during FY 2023.

by Nishant Patnaik Dec 27, 2023

NPS subscribers can now make contribution through UPI QR code

Subscribers can make NPS contribution through any UPI app like BHIM, GPay and PhonePe.

by Team Cafemutual Dec 25, 2023

Soon, life insurers can offer index funds

These funds can levy fee in line with ULIPs.

by Nishant Patnaik Dec 20, 2023

Kotak Life launches ULIP which offers insurance coverage like term plans

Investors can avail insurance coverage of 100 times of their annual premium.

by Team Cafemutual Dec 20, 2023

Surrender value to get attractive

IRDAI has proposed a new calculation method that makes surrender value more attractive.

by Nishant Patnaik & Riddhima Bhatnagar Dec 19, 2023

Bajaj Allianz Life’s AUM crosses AUM of Rs.1 lakh crore

The company attributes this to innovative offerings and robust distribution network.

by Team Cafemutual Dec 18, 2023

IRDAI looking at granular data to make insurance affordable for all

BC Patnaik, Member (Life), IRDAI said that IRDAI is working at fast pace to grow insurance sector by 3-4 times of country’s GDP.

by Team Cafemutual Dec 18, 2023

Soon there will be no maximum age to buy health insurance

Also, health insurers cannot reject claim after 36 months citing pre-existing conditions

by Nishant Patnaik Dec 18, 2023

‘Agents should focus on selling underpenetrated products like home insurance’

IRDAI Member BC Patnaik said that home insurance offers a great business to insurance intermediaries.

by Nishant Patnaik Dec 14, 2023

3 pension funds command over 90% share in NPS AUM

SBI Pension Funds, LIC Pension Fund and UTI Retirement Solutions together manage Rs 9.34 lakh crore of NPS assets.

by Karishma Gagwani Dec 11, 2023

NPS subscribers can now have multiple pension fund managers

However, new subscribers can exercise this option post three months of registration.

by Team Cafemutual Dec 5, 2023

Returns earned on NPS’s SWP likely to be tax free

Pension fund managers believe that any capital gains earned on Systematic Lumpsum Withdrawal (SLW) will be exempted from capital gains tax.

by Nishant Patnaik Nov 28, 2023

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

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