Life insurers to pay penal interest for delay in settling claim
Life insurance claims settlement is expected to get speedier as a consequence.
by Team Cafemutual Feb 9, 2017
Non-life insurers continue to incur losses in FY 2015-16
Experts attribute this to poor underwriting practices in the non-life insurance industry.
by Rosevina Gonsalves Feb 9, 2017
PSU non-life insurers incurring loss while private insurers are minting money in health insurance
High incurred claims ratio of PSU general insurers in health insurance sector indicates that they are losing ground to private insurers.
by Rosevina Gonsalves Feb 4, 2017
Now, policyholders can approach another health insurer if one company rejects their claim
Policyholders were earlier confused about whether they could approach another insurer if one company rejected their claim under multiple health insurance policies.
by Team Cafemutual Feb 4, 2017
No TDS on insurance commission of agents earning up to Rs.2.50 lakh a year
Currently, insurance companies deduct TDS of 5% on commission amount exceeding Rs.15,000.
by Nishant Patnaik Feb 1, 2017
HDFC Standard Life Insurance fined for incentivizing agents through junkets
IRDAI imposes a fine of Rs.15 lakh on HDFC Standard Life Insurance Company
by Team Cafemutual Jan 23, 2017
IRDAI forms a committee to review commission structure of life insurance agents
The committee will also review the recommendations of Sumit Bose Committee.
by Nishant Patnaik Jan 16, 2017
India’s insurance intermediary partners with German broker to expand footprint
This partnership is expected to help SecureNow insurance broker to provide risk management solutions in general insurance to its clients having presence in global markets like USA and UK.
by Team Cafemutual Jan 12, 2017
Agents least trustworthy for those buying insurance: ASSOCHAM study
The report suggests people to select agents very cautiously.
by Team Cafemutual Jan 10, 2017
IRDAI hikes commission in non-life insurance policies
Insurance intermediaries like insurance brokers, insurance marketing firms and web aggregators to get higher commissions compared to insurance agents in select non-life policies.
by Nishant Patnaik Jan 7, 2017
IRDAI brings parity in health insurance commission payouts
So far, life insurers were paying higher commissions in health insurance
policies compared to general insurers and standalone health insurers.
by Nishant Patnaik Dec 30, 2016
Life insurers settle 97% of individual death claims in FY 2015-16
Of the 23 private insurance companies, 11 have crossed 90% mark in claim settlement ratio of individual policies.
by Nishant Patnaik Dec 23, 2016
After years of decline, insurance penetration improves marginally
Both life and non-life insurance industry saw a marginal growth in their penetration levels.
by Nishant Patnaik Dec 21, 2016
