A combination of offline financial advice and online transactions can help agents grow business: LIC
LIC Chairman VK Sharma has urged distributors to adopt ‘physital mode of distribution’ i.e. a combination of both – physical and online insurance distribution to grow their business.
by Rosevina Gonsalves Apr 4, 2017
IRDAI imposes fine on ICICI Prudential and PNB Metlife for violating norms
While ICICI Prudential had made additional pay out to its corporate agents, PNB MetLife delayed claim settlement.
by Team Cafemutual Apr 1, 2017
Incentives to agents need not necessarily linked to insurance policies: IRDAI
The insurance regulator has clarified that insurance companies need not calculate incentives on each and every insurance policies sold by the intermediaries.
by Team Cafemutual Mar 31, 2017
IRDAI hikes third party motor insurance premium by up to 40%
The new rates will come into effect from April 1, 2017.
by Rosevina Gonsalves Mar 30, 2017
Health insurance premium set to go up from April 1
IRDAI clarifies that insurance companies can increase health insurance premium to comply with the new commission guidelines.
by Team Cafemutual Mar 28, 2017
IRDAI tightens investment norms for Insurers
IRDAI has asked insurers to disclose the rationale behind their investment decisions.
by Team Cafemutual Mar 24, 2017
General insurers can hike premium to remunerate their agents
IRDAI has allowed non-life insurance companies to incorporate changes in premium rates to comply with the new commission guidelines.
by Team Cafemutual Mar 23, 2017
Policyholders to get Rs.5 crore from insurers on data misuse
Insurers will have to adopt a comprehensive information and cyber security framework to mitigate internal and external threats.
by Team Cafemutual Mar 23, 2017
‘Insurers should encourage customers to renew policies online’
IRDAI Chairman TS Vijayan has urged non-life insurance companies to leverage technology to grow business.
by Rosevina Gonsalves Mar 21, 2017
Over 58,000 life insurance policies sold online
Experts believe the number is set to rise in the future as more and more Indians are getting hooked to online transactions.
by Team Cafemutual Mar 17, 2017
Response of POSPs not as expected: IRDAI
IRDAI had allowed point-of-sale persons (POSPs) to sell basic insurance policies in FY 2015-16.
by Rosevina Gonsalves Mar 16, 2017
99 percent grievances redressed by non-life insurers
IRDAI annual report states that over 60,000 complaints were resolved in the last fiscal.
by Team Cafemutual Mar 15, 2017
IRDAI eases recruitment process for sales persons by agents
The insurance regulator has done away with the requirement of passing NIELIT exam.
by Team Cafemutual Mar 14, 2017
IRDAI connects with aam aadmi through FM radio
The insurance regulator is carrying out insurance awareness campaigns on FM Radio.
by Team Cafemutual Mar 10, 2017
LIC of India claims 100% grievance redressal
The life insurer industry has a 100% grievance resolving record in FY 2015-16.
by Team Cafemutual Mar 10, 2017
