Insurance

IRDAI constitute a taskforce to check mis-selling by banks

The task force will also suggest measures to improve efficiency of bancassurance in insurance distribution.

by Nishant Patnaik Nov 7, 2023

IRDAI asks insurers to start sharing financial information with account aggregators

Account aggregators (AA) offer financial data-sharing framework for investors and regulated financial entities.

by Nishant Patnaik Nov 7, 2023

Agents will have to ensure that their clients know what’s covered and what’s not in health policy

IRDAI revises customer information sheet (CIS) in which it has asked health insurers to guide policyholders on key features portability and grievance redressal mechanism.

by Nishant Patnaik Oct 31, 2023

IRDAI constitutes a committee to simplify policy wordings

This move is likely to remove confusion, make terms understandable and help policyholders to make quick decisions.

by Karishma Gagwani Oct 31, 2023

ICICI Lombard posts net profit of Rs.968 crore in April-Sept 2023

Profit before tax of the company grew to Rs.1300 crore in the first six months of FY 2024.

by Team Cafemutual Oct 22, 2023

IRDAI introduces a new business model for insurance intermediaries

IRDAI launches a new distribution channel to increase rural penetration of insurance policies.

by Nishant Patnaik Oct 10, 2023

Liberty General appoints Parag Ved as the new Director & CEO (interim)

This follows the retirement of Roopam Asthana.

by Team Cafemutual Sep 21, 2023

Check how much your non-life and health insurers paid against the premium they collect

Overall, the net incurred ratio of the nonlife and health insurers have improved over the last one year.

by Nishant Patnaik and Riddhima Bhatnagar Sep 20, 2023

Bharti AXA Life launches a ULIP focusing on midcaps

The fund house believes that mid cap companies can become blue chip companies.

Posted on Sep 18, 2023

Why health insurers reject claims

Majority of investors are not aware of terms and condition of health insurance. Also, even if they make claim request, they are not able to address queries or concerns raised by insurers.

by Team Cafemutual Sep 17, 2023

96% of Indians know about health insurance but only 43% have it: Report

Further, 53% of people had bought health policies in the past but did not renew it, says the report.

by Team Cafemutual Sep 14, 2023