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  • Insurance

    e-insurance policies likely to get cheaper than physical policies
    IRDAI has permitted insurers to offer discount on e-insurance policies.
    by Team Cafemutual Jun 24, 2016
    Life insurers record 36 percent growth in new business premium collection in April-May 2016
    The growth was largely on account of LIC which contributed more than 70% to the overall industry’s new business premium collection.
    by Team Cafemutual Jun 24, 2016
    Profits of top 10 life insurers grows marginally in FY15-16
    LIC emerges as the most profitable insurer clocking a net profit of Rs. 2,518 crore last fiscal.
    by Nishant Patnaik Jun 20, 2016
    Life insurance industry pays Rs. 13,000 crore commission in April-December 2015
    Considering that the life insurance industry has 20 lakh agents, each agent has earned close to Rs. 65,000 on an average during April-December 2015.
    by Nishant Patnaik Jun 20, 2016
    IRDAI removes 2-hour-a-day cap on training for acquiring IMF license
    Agents can undergo 50-hour mandatory training at their will with no maximum cap per day to acquire IMF license.
    by Team Cafemutual Jun 17, 2016
    Web-aggregators can sell insurance products, proposes IRDAI
    The insurance regulator has proposed to put web-aggregators under the ambit of insurance intermediaries.
    by Team Cafemutual Jun 14, 2016
    IRDAI proposes to float ecommerce platform for selling insurance policies
    IRDAI has proposed that insurers, brokers and agents can distribute insurance policies through e-commerce platform called Insurance Self-Network Platform (ISNP).
    by Nishant Patnaik Jun 11, 2016
    HDFC ERGO to acquire L&T General Insurance
    This deal has been valued at Rs. 551 crore.
    by Team Cafemutual Jun 4, 2016
    IRDAI imposes Rs. 35 lakh fine on Future Generali India Insurance
    The company was found to employ agents and entities who either did not have a license or their licenses had expired.
    by Poonam Bansal May 27, 2016
    Insurers to disclose executive salaries
    Insurers will have to publish the remuneration of MDs, CEOs and CIOs in annual reports.
    by Nishant Patnaik May 25, 2016
    Now, agents can shift from one insurer to another
    Experts believe that the industry may see migration of agents to private insurers.
    by Nishant Patnaik May 21, 2016
    IRDAI to impose a fine of Rs. 1 crore on insurers if their agents mis-sell
    IRDAI has incorporated amendments pursuant to the Insurance Law Amendment Bill.
    by Team Cafemutual May 19, 2016
    PFRDA urges intermediaries to focus on informal sector to increase penetration of NPS
    India has the highest percentage of informal workforce in the world, which is largely uncovered by any pension scheme, says PFRDA Chairman Hemant G Contractor.
    Posted on May 11, 2016
    Life insurers record 23 percent growth in new business premium collection in FY 2015-16
    The growth was largely on account of LIC which contributed more than 70% to the overall industry’s new business premium collection.
    by Team Cafemutual May 6, 2016
    4 pillars of a successful digital culture
    The next wave of technology is maturing and expected to ultimately transform the very nature of the insurance organization, says an Accenture study.
    by Team Cafemutual May 5, 2016